News Centre

Nadex Temporarily Amends Binary Contracts Strike Width

Date 20/05/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of May 16, 2022 as indicated in the Weekly Notice.

Nigerian Exchange Weekly Market Report For The Week Ended 20 May 2022

Date 20/05/2022

A total turnover of 3.021 billion shares worth N31.784 billion in 29,153 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.816 billion shares valued at N27.194 billion that exchanged hands last week in 36,286 deals.

Report From FINRA Board Of Governors Meeting – May 2022: Board Approves Rulemaking Items And Annual Financial Report - Appoints New Members To Advisory Committees

Date 20/05/2022

FINRA’s Board of Governors held its second meeting of the year on May 11-12 in Fort Lauderdale, FL—near the organization’s Boca Raton office, the home of FINRA’s Securities Helpline for Seniors. The Board approved three rulemaking items and took action on three items related to governance.

Nadex Refrains From Listing Certain Contracts

Date 20/05/2022

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions:

ESMA: New Q&As Available

Date 20/05/2022

The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today updated the following Questions and Answers:

BIS: The Economic Situation And Monetary Policy − Speech By Bank Of England Chief Economist And Executive Director For Monetary Analysis, Huw Pill, Given At ACCA Cymru Wales

Date 20/05/2022

Huw Pill talks about what we’re doing to bring inflation down. And he gives his view on the outlook for the UK’s economy.

BIS: DLT-Based Enhancement Of Cross-Border Payment Efficiency - A Legal And Regulatory Perspective

Date 20/05/2022

Summary

Focus

Traditionally cross-border payments have relied on a mutually trusted central entity. Distributed ledgers, blockchain and smart contracts (together dubbed "distributed ledger technologies" or DLT) could provide an alternative to that approach. However, different DLT applications in the cross-border payments context come with legal challenges. Hence, it is necessary to analyse the extent to what financial law and regulation is fit to deal with DLT-based payments.

BIS - Building Regional Payment Areas: The Single Rule Book Approach

Date 20/05/2022

Summary

Focus

Under ideal circumstances, cross-border payments would be processed as seamlessly as comparable domestic payments, even where multiple currencies are involved. In practice, however, each border can add to the costs of a cross-border payment if crossing the border means entering a different technological, regulatory and legal environment, with different systems, regulators, and courts. This paper analyses regional payment integration projects across the world to identify key lessons for future cross-border payment enhancements on regional and global level, focusing on the role of technology, law and regulation. 

SEC Charges Wells Fargo Advisors With Anti-Money Laundering Related Violations

Date 20/05/2022

The Securities and Exchange Commission today announced charges against Wells Fargo Advisors for failing to file at least 34 Suspicious Activity Reports (SARs) in a timely manner between April 2017 and October 2021. Wells Fargo Advisors, the St. Louis-based broker-dealer, has agreed to pay $7 million to settle the charges.

G7 Finance Ministers And Central Bank Governors Meeting Communiqué: 18 -20 May 2022, Petersberg, Germany

Date 20/05/2022

Preamble

We, the G7 Finance Ministers and Central Bank Governors, met on the Petersberg on 18-20 May 2022, joined by the Heads of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), and Financial Stability Board (FSB). We agreed on concrete actions to deepen multilateral economic cooperation and underlined our commitment to our united response to Russia´s war of aggression against Ukraine and to our unwavering support for Ukraine. We were honoured to be joined virtually for our meeting by the Ukrainian Prime Minister and the Ukrainian Finance Minister.