News Centre

Office Of The Comptroller Of The Currency Announces Chief Climate Risk Officer

Date 12/09/2022

The Office of the Comptroller of the Currency (OCC) today announced the appointment of Dr. Yue (Nina) Chen as Chief Climate Risk Officer.

FINRA Fines BofA Securities, Inc. $5 Million For Large Options Position Reporting Failures - Firm Failed To Report Over-The-Counter Options Positions In More Than 7.4 Million Instances

Date 12/09/2022

FINRA announced today that it has fined BofA Securities Inc. (BofAS) $5 million for failing to report over-the-counter (OTC) options positions to the Large Options Positions Reporting system (LOPR) in more than 7.4 million instances, including 26 positions that were over the applicable OTC position limit, and related supervisory failures.

Remarks By Chief Lynn Malerba At Swearing In Ceremony For United States Treasurer

Date 12/09/2022

Kutapatotamawush (thank you) Secretary Yellen for your very kind remarks. I thank you for your faith in me.  What the Secretary neglected to say was that she is the first woman to serve as the Secretary of Treasury and this is the first time two women are signing the currency.  Now that is something to celebrate!

CFTC Swaps Report Update

Date 12/09/2022

CFTC's Weekly Swaps Report has been updated, and is now available.

Remarks By US Secretary Of The Treasury Janet L. Yellen At Chief Lynn Malerba’s Swearing In Ceremony As The United States Treasurer

Date 12/09/2022

Good afternoon, everyone. It’s a privilege to welcome you to the Treasury Department for today’s historic ceremony. 

SEC Charges Hudson Advisors And Lone Star Global For Failing To Disclose That Fund Fees Included More Than $50 Million Of Owner’s Income Tax Liability

Date 12/09/2022

The Securities and Exchange Commission announced charges today against registered investment advisers Hudson Advisors L.P. and Lone Star Global Acquisitions Ltd. for including Hudson’s owner’s anticipated income tax liability as a component of certain fees charged to 14 private equity funds they managed. Hudson and Lone Star Global have agreed to pay $11.2 million in civil penalties and have reimbursed the affected funds $68.5 million, which includes interest on the undisclosed tax liability charges.

UK Financial Conduct Authority Decides To Impose Conditions On Takeover Of Link Group

Date 12/09/2022

Following announcements made on Monday 12 September by Link Group to the Australian Securities Exchange and Dye and Durham (D&D) to the Toronto Stock Exchange, the Financial Conduct Authority is providing a short update on its involvement in the proposed takeover of the Link Group by D&D.

It's Merge Week - Kaiko Research: Data Debrief

Date 12/09/2022

• Price Movements: Markets experienced a strong rebound dominated by ETH, which closed the week up 12%. 
• Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list pairs and auto-convert deposits to BUSD.
• Derivatives: Open interest for Ethereum Classic (ETC) recently hit all time highs as miners shift computational resources to the hard-forked PoW Ethereum chain.
• Macro Trends: Risk assets rallied despite the largest-ever ECB rate hike and growing energy concerns. 

ESAs Warn Of Rising Risks Amid A Deteriorating Economic Outlook

Date 12/09/2022

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued today their Autumn 2022 joint risk report. The report highlights that the deteriorating economic outlook, high inflation and rising energy prices have increased vulnerabilities across the financial sectors. The ESAs advise national supervisors, financial institutions and market participants to prepare for challenges ahead.

Investor Jitters Over The Merge Prompt Outflows From Ethereum - CoinShares Research: Fund Flows

Date 12/09/2022

The headline for this week's Fund Flows Report is:Investor jitters over the Merge prompt outflows from Ethereum.