News Centre

CFTC Charges Florida Man With Fraudulent Solicitation Of Over $800,000 And Misappropriation In Futures Scheme - Federal Court Ordered Cox To Pay Over $900,000 In Restitution And Penalties In Prior CFTC Fraud Action

Date 31/05/2022

The Commodity Futures Trading Commission today announced that it filed a civil enforcement action in the Southern District of Florida against Rico Cox of Fort Lauderdale, Florida. The complaint alleges that, for a second time, Cox fraudulently solicited and accepted funds, this time at least $842,900 that was intended for commodity futures trading. Cox has never been registered with the CFTC.

FIA April 2022 SEF Tracker

Date 31/05/2022

Trading volume on swap execution facilities reached $887.4 billion in average notional value per day during April 2022. This was down 21.7% from the previous month but up 18.8% from the same month of the previous year. Trading was down in every sector except for FRA trading.

ESMA Reports On Supervision Of Costs And Fees In Investment Funds

Date 31/05/2022

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes a report on the Common Supervisory Action (CSA) on costs and fees for investment funds, that was carried out with National Competent Authorities (NCAs) during 2021. ESMA highlights, in the Report, the importance of supervision in ensuring investors are not charged with undue costs, considering its high impact on investors’ returns.

Finansinspektionen Intends To Raise The Countercyclical Buffer Rate To 2 Per Cent

Date 31/05/2022

Finansinspektionen (FI ) intends to raise the countercyclical buffer rate to 2 per cent in Q2 2022.

Announcing The Winner Of The FESE De La Vega Prize 2022

Date 31/05/2022

The Federation of European Securities Exchanges (FESE) is delighted to announce the winners of the FESE De la Vega Prize 2022: Samuel M. Hartzmark, Associate Professor of Finance at the University of Chicago Booth School of Business, and David H. Solomon, Associate Professor of Finance at the Boston College Carroll School of Management, were awarded this year’s Prize for their paper “Predictable Price Pressure”.

BIS: Basel Committee Finalises Principles On Climate-Related Financial Risks, Progresses Work On Specifying Cryptoassets' Prudential Treatment And Agrees On Way Forward For The G-SIB Assessment Methodology Review

Date 31/05/2022

• Basel Committee finalises principles for effective management and supervision of climate-related financial risks.
• Progresses work on specifying cryptoasset prudential treatment and issuing a second consultation paper.
• Finalises review of the treatment of cross-border exposures within the European Banking Union on the G-SIB methodology.

ESMA Provides Supervisors With Guidance On The Integration Of Sustainability Risks And Disclosures In The Area Of Asset Management

Date 31/05/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes a Supervisory Briefing to ensure convergence across the European Union (EU) in the supervision of investment funds with sustainability features, and in combating greenwashing by investment funds.

RiskBusiness Attains SOC 2 Accreditation To Provide Highest Levels Of Security And Service Controls To Customers Of Its SaaS-Based Applications - Achieving SOC 2 Compliance Means RiskBusiness Customers Know That The Applications They Rely On Comply With The Highest Security And Privacy Standards

Date 31/05/2022

RiskBusiness Services Limited, the leading provider of governance, risk, audit, compliance, and content SaaS (Software-as-a-Service) solutions, announced today that it has completed a Service Organization Control 2 Type 2 (SOC 2) audit, as defined by the American Institute of Certified Public Accountants (AICPA). Achieving SOC 2 compliance allows RiskBusiness to demonstrate the security and service controls it uses to protect customer data and provides those customers with comfort that the company is aligning with the highest level of security controls for its cloud-based services. 

BIS Renews Commitment To The FX Global Code

Date 31/05/2022

The Bank for International Settlements has reviewed the content of the FX Global Code, as updated in July 2021, and acknowledges that the Code represents a set of principles generally recognised as good practice in the wholesale foreign exchange market. The BIS confirms that it acts as a market participant as defined by the Code, and is committed to conducting its FX market activities in a manner consistent with the principles of the Code. To this end, the BIS has taken appropriate steps, based on the size and complexity of its activities, and the nature of its engagement in the FX market, to align its activities with the principles of the Code.

Bifire Lists On Euronext Growth Milan

Date 31/05/2022

• Fifth listing of 2022 on Euronext Growth Milan

• Bifire brings the total number of companies listed on Euronext Growth Milan to 175

• Total placement volume of the offering equal to €10 million