News Centre

Readout: US Secretary Of The Treasury Janet L. Yellen’s Call With French Minister Of Finance, The Economy, And The Recovery Bruno Le Maire

Date 24/09/2021

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with French Minister of Finance, the Economy, and the Recovery Bruno Le Maire. Following the historic agreement by the G7 in earlier this summer – which was later supported by 134 countries representing more than 90% of the world’s GDP – to reform international tax rules, Secretary Yellen today expressed continued support for ongoing efforts to improve the global tax system. Secretary Yellen also stressed the importance of reaching a compromise on the withdrawal of digital services taxes. Secretary Yellen conveyed appreciation for Minister Le Maire’s dedication to the effort of reforming the global tax system so it is equipped to meet the needs of today’s global economy. She also discussed with Finance Minister Le Maire the need for continued cooperation between the U.S., France, and other G20 members to enhance support for low-income countries to mitigate further divergence in the global economic recovery.  

SEC Charges Two Companies And Their Principals With Misleading Investors In More Than A Dozen Oil And Gas Securities Offerings

Date 24/09/2021

The Securities and Exchange Commission today charged Thomas Powell and Stefan Toth, and their entities, Resolute Capital Partners LTD LLC and Homebound Resources LLC, with making material misrepresentations and omissions in connection with more than a dozen unregistered oil and gas securities offerings. Powell and Toth were also charged with acting as unregistered brokers. All respondents have agreed to settle the SEC action.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 24/09/2021

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 September 20, 2021 as indicated in the Weekly Notice. 

Moscow Exchange: Risk Parameters Change On Securities Market

Date 24/09/2021

CCP NCC changes PcH_max parameter value that defines price up limit on Securities market starting from September 27, 2021:

Nigerian Exchange Weekly Market Report For September 24th, 2021

Date 24/09/2021

A total turnover of 1.290 billion shares worth N13.921 billion in 16,745 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 856.289 million shares valued at N10.752 billion that exchanged hands last week in 15,663 deals.

EBA Welcomes The EU Parliament’s Decision On Discharge Of Its Budget Implementation For 2019

Date 24/09/2021

The Opinion elaborates on concrete actions taken by the EBA in relation to the European Parliament’s observations during the discharge process in the areas of budget and financial management, performance, staff policy, procurement, prevention and management of conflicts of interest and transparency, internal controls, etc. Out of the 40 observations, the EBA considers that 22 have been completed or addressed, 5 observations are ongoing and will require action, and 13 require no action.

Moscow Exchange: Risk Parameters Change For The Security BEN-RM

Date 24/09/2021

As per the Securities market risk parameters methodology, on 24.09.2021, 18-54 (MSK) the upper bound of the price band (up to 2579) and initial margins (up to 21.25 %) for the security BEN-RM were changed. New values are available here

A Regulatory Perspective: Measuring And Assessing Culture, Now And In The Future, The Role Of Purpose And The Importance Of D&I - Speech By Sheldon Mills, UK FCA Executive Director, Consumers And Competition, Delivered At The Investment Association

Date 24/09/2021

Highlights

• Culture remains central to how we supervise the firms we regulate. The importance of an authentic, embedded purpose, visible leadership and an inclusive environment where staff feel safe to speak up is paramount.
• Hybrid working brings opportunities and challenges. Firms need to find approaches that give due regard to safeguarding their purpose and values, the wellbeing of staff and effective oversight.
• Diversity and Inclusion is an aspect of culture where the investment management sector has considerable ground to make up. We welcome the initiatives led by the IA but lasting change will only come from firms looking at their own culture and taking action.
• Firms in the investment management sector have a huge sphere of influence on ESG, both to improve their own ESG performance and to drive positive change through their investments. We look to firms in the sector to be effective stewards.

Nadex Refrains From Listing Certain Contracts

Date 24/09/2021

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: 

EBA Launches 2021 EU-Wide Transparency Exercise

Date 24/09/2021

The European Banking Authority (EBA) launched today its regular EU-wide transparency exercise, whose results are expected to be published at the beginning of December. As in the past, the exercise is exclusively based on supervisory reporting data, which will keep the burden for the banks to a minimum. Transparency exercises are conducted on an annual basis and are part of the EBA's efforts to monitor risks and vulnerabilities and to reinforce market discipline.