News Centre

CFTC Swaps Report Update

Date 15/10/2024

CFTC's Weekly Swaps Report has been updated, and is now available: http://www.cftc.gov/MarketReports/SwapsReports/index.htm.

CFTC Commissioner Mersinger And Former CFTC Chairman J. Christopher Giancarlo To Participate In A Fireside Chat At BlockTower Capital’s Fifth Annual Investor Day

Date 15/10/2024

CFTC Charges Several People And Companies In A $280 Million Ponzi Scheme - Court Issues Restraining Order To Protect Assets And Documents

Date 15/10/2024

The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against:

• Traders Domain FX LTD. d/b/a The Traders Domain, a St. Vincent and the Grenadines company with principal operations in Canada, and its two co-founders, Fredirick Teddy Joseph Safranko, a/k/a Ted Safranko, of Ontario or British Columbia, Canada, and David William Negus-Romvari of Ontario, Canada and Mexico
• Ares Global Ltd. d/b/a Trubluefx, a Saint Lucia company
• Algo Capital LLC, a Florida company
• Algo FX Capital Advisor LLC n/k/a Quant5 Advisor LLC., a Delaware company with principal operations in Medley, Florida, and four of their officers and agents including Robert Collazo Jr. of Miami Lakes, Florida, Juan Jose Herman a/k/a/ JJ Herman of Miami, John Fortini of North Miami, Florida, and Stephen Likos of Sunny Isles Beach, Florida
• Michael Shannon Sims of Sunny Isles Beach, Florida
• Holton Buggs Jr., of Houston
• Centurion Capital Group Inc., a Florida company, and three of its officers and agents including Alejandro Santiestaban a/k/a Alex Santi, Gabriel Beltran, both of Hialeah, Florida, and Archie Rice of Fulshear, Texas 

US Federal And State Financial Regulatory Agencies Issue Interagency Statement On Supervisory Practices Regarding Financial Institutions Affected By Hurricane Milton

Date 15/10/2024

The Federal Deposit Insurance Corporation, the Federal Reserve Board, the Florida Office of Financial Regulation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of Hurricane Milton on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities.

UK-Switzerland Financial Dialogue October 2024 - Joint Statement

Date 15/10/2024

The UK-Switzerland Financial Dialogue took place in London on October 15, 2024.  

TMX VettaFi Acquires End-To-End Index Provider iNDEX Research And Development - TMX VettaFi Adds A Proven Provider To Its Comprehensive ETF Solution Business, Increasing Its Access To EMEA Markets And Strengthening Its Equity And Fixed Income Capabilities

Date 15/10/2024

TMX VettaFi, an indexing, digital distribution, analytics and thought leadership company and TMX Group subsidiary, announced today the acquisition of iNDEX Research and Development (iNDEX Research), an end-to-end index provider that designs, calculates, and manages indexes across global equities and fixed income markets.

ESAs Respond To The European Commission’s Rejection Of The Technical Standards On Registers Of Information Under The Digital Operational Resilience Act And Call For Swift Adoption

Date 15/10/2024

The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today issued an Opinion on the European Commission’s (EC) rejection of the draft Implementing Technical Standards (ITS) on the registers of information under the Digital Operational Resilience Act (DORA). The ESAs raise concerns over the impacts and practicalities of the proposed EC changes to the draft ITS on the registers of information in relation to financial entities’ contractual arrangements with ICT third-party service providers.

BIS: CPMI Reports To G20 On Fast Payment System Interlinking And APIs Provide Insights And Recommendations To Enhance Cross-Border Payments

Date 15/10/2024

• CPMI publishes two reports offering insights into enhancing cross-border payments by facilitating the interlinking and interoperability of payment systems.
• Report on the interlinking of fast payment systems aims to support private and public stakeholders when deciding on the governance and oversight of these arrangements.
• Report on greater harmonisation of the use of application programming interfaces (APIs) sets out 10 key recommendations.

ESMA, ECB And EC Announce Next Steps For The Transition To T+1 Governance

Date 15/10/2024

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, the European Commission and the European Central Bank announced today the next steps to support the preparations towards a transition to T+1.

FINMA - UBS Resolution Reporting: Recovery And Emergency Plans To Be Revised

Date 15/10/2024

UBS’s recovery and emergency plans will be revised due to the takeover of Credit Suisse. The Swiss Financial Market Supervisory Authority FINMA has suspended the annual approval of the recovery and emergency plans and determined that the integration of CS requires adjustments by UBS to ensure continued resolvability. FINMA expects UBS to further develop its resolution planning. In line with the TBTF Report of the Swiss Federal Council, amendements to legislation are necessary to provide authorities with more options to increase flexibility in case of a crisis.