News Centre

CFTC Swaps Report Update

Date 18/04/2022

Released: Weekly on Mondays at 3:30 p.m.

http://www.cftc.gov/MarketReports/SwapsReports/index.htm

SEC Charges Senior Executive Of Brazilian Company With Fraud

Date 18/04/2022

The Securities and Exchange Commission today announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media and disseminating false documents claiming that Berkshire Hathaway Inc. had recently made a substantial investment in IRB.

Remarks By US Deputy Secretary Of The Treasury Wally Adeyemo At The Peterson Institute For International Economics

Date 18/04/2022

Thank you so much to Adam and the Peterson Institute for International Economics for hosting me today. This week’s Spring Meetings of the IMF and World Bank come at a pivotal moment for the international financial system and the global economy. Russia’s brutal and unprovoked war in Ukraine has catalyzed the kind of coordinated and multilateral response not seen since the terrorist attacks of September 11. The multilateral coalition President Biden has helped assemble is animated by the idea that you cannot violate the sovereignty of another country and continue to enjoy the privileges of integration into the global economy—a position reflected in our swift and decisive actions to counter Russia’s aggression.

SEC Uncovers $194 Million Penny Stock Schemes That Spanned Three Continents - 16 Defendants Charged In International ‘Pump And Dump’ Plots

Date 18/04/2022

The Securities and Exchange Commission today announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock schemes that generated more than $194 million in illicit proceeds. The SEC investigations leading to these charges involved assistance from securities regulators and other law enforcement authorities in more than 20 countries and are associated, in part, with parallel criminal actions announced by the United States Attorney’s Office for the Southern District of New York.

US Department Of Justice: Former CFO Of Publicly Traded Brazilian Company Charged In Fraud Scheme

Date 18/04/2022

A superseding indictment was unsealed today in the Southern District of Iowa charging the former Chief Financial Officer (CFO) of publicly traded reinsurance company, IRB Brasil Resseguros SA, aka IRB Brasil RE (IRB), for fraudulently propping up its stock price by spreading false information that U.S. investment firm Berkshire Hathaway Inc. had invested in IRB.

Grading The Regulators And Homework For The Teachers: Remarks At Symposium On Private Firms: Reporting, Financing, And The Aggregate Economy At The University Of Chicago Booth School Of Business, SEC Commissioner Caroline A. Crenshaw, April 14, 2022

Date 18/04/2022

Thank you, Michael [Minnis]. I am humbled to be here today with such an impressive group of participants. The private markets and their role in the economy is an important topic and I’m glad to have this gathering of highly respected academics and industry participants thinking about the subject matter. I would also like to thank tonight’s host, the University of Chicago, whose faculty profoundly impact policy-making through their research and discussion. Before I get too far, let me make the standard disclosure that the views I express today are my own and do not necessarily reflect the views of the Commission or its staff.

IMF Executive Board Approves Establishment Of The Resilience And Sustainability Trust

Date 18/04/2022

• The Executive Board of the International Monetary Fund (IMF) approved the establishment of the Resilience and Sustainability Trust (RST) to help countries build resilience to external shocks and ensure sustainable growth, contributing to their long-term balance of payments stability.
• The RST will complement the IMF’s existing lending toolkit by focusing on longer-term structural challenges – including climate change and pandemic preparedness – that entail significant macroeconomic risks and where policy solutions have a strong global public good nature.
• About three quarters of the IMF’s membership will be eligible for longer-term affordable financing from the RST, including all low-income countries, all developing and vulnerable small states, and lower middle-income countries.

Borsa Istanbul: Announcement On Responsible Supply Chain Activities Of Banks

Date 18/04/2022

Click for the announcement.

Shenzhen Stock Exchange Market Bulletin - April 15, 2022, Issue 10

Date 18/04/2022

Click here to download Shenzhen Stock Exchange's market bulletin, issue 10.

Saudi Exchange Announces Approval Of The Amended Listing Rules

Date 18/04/2022