News Centre

U.S. Treasury Announces Unprecedented & Expansive Sanctions Against Russia, Imposing Swift And Severe Economic Costs - United States Acts In Tandem With Partners And Allies To Maximize Consequences For Russia, And In Show Of Unity Against Invasion Of A Sovereign State - Top Ten Russian Financial Institutions Now Under U.S Restrictions; U.S. Ready To Impose Additional Major Costs

Date 24/02/2022

The United States took significant and unprecedented action to respond to Russia’s further invasion of Ukraine by imposing severe economic costs that will have both immediate and long-term effects on the Russian economy and financial system. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today imposed expansive economic measures, in partnership with allies and partners, that target the core infrastructure of the Russian financial system — including all of Russia’s largest financial institutions and the ability of state-owned and private entities to raise capital — and further bars Russia from the global financial system. The actions also target nearly 80 percent of all banking assets in Russia and will have a deep and long-lasting effect on the Russian economy and financial system.

EBA Publishes Final Guidelines On The Limited Network Exclusion Under The Payment Services Directive

Date 24/02/2022

The European Banking Authority (EBA) published today its final Guidelines on the limited network exclusion under the Payment Service Directive (PSD2). These Guidelines clarify how national competent authorities should assess whether a network of service providers or a range of goods and services qualify as ‘limited’ and are, therefore, not subject to the Directive. Payment instruments that might benefit from this exclusion include store cards, fuel cards, public transport cards, and meal vouchers. The Guidelines aim at addressing significant inconsistencies on how this exclusion has in the past been applied across the EU, contributing to the Single Market for payment services in the EU and ensuring transparency for supervisors and customers.

Federal Reserve Board Announces $20.4 Million Penalty Against The National Bank Of Pakistan, A Foreign Bank Operating In The United States And Headquartered In Pakistan, For Anti-Money Laundering Violations

Date 24/02/2022

The Federal Reserve Board on Thursday announced a $20.4 million penalty against the National Bank of Pakistan, a foreign bank operating in the United States and headquartered in Pakistan, for anti-money laundering violations. The Board will also require the firm to improve its anti-money laundering program.

GISI And CISI Celebrate First Students To Complete Ghana’s Finance Licensing Programme

Date 24/02/2022

The Chartered Institute for Securities & Investment (CISI) is delighted to have taken part (23/02) in an Alumni ceremony with the Ghana Investment and Securities Institute (GISI).  This celebrated the inaugural 10 students completing the licensing programme developed by GISI in partnership with the CISI in 2019.

BIS: Estimating Conditional Treatment Effects Of EIB Lending To SMEs In Europe

Date 24/02/2022

Summary

Focus

Small and medium-sized enterprises (SMEs) play a key role in the economy of the European Union. Yet, SMEs often find it more challenging to access finance than their larger peers. The gap between the demand for credit from financially viable SMEs and the actual credit supply, is known as the "SME financing gap". Among international financial institutions, the European Investment Bank (EIB) stands out in terms of annual lending volumes to SMEs. Previous research has shown that EIB-supported lending has a positive effect on the employment levels, size, investments and innovation capacities of SMEs. However, it remains unexplored whether these impacts vary based on different types of recipients, or by the parameters of the financial support – such as the cost of a loan, its maturity or volume.

ESMA Chair Verena Ross Speaks At The EUROFI High Level Seminar 2022

Date 24/02/2022

Today, Verena Ross, ESMA Chair, has delivered a speech at the EUROFI High Level Seminar taking place in Paris on 23, 24 and 25 February 2022.

Bloomberg And Elwood Technologies Announce Integration To Enrich Institutional Cryptocurrency Capabilities

Date 24/02/2022

Bloomberg and Elwood Technologies today announced a strategic integration enabling investments from clients using Elwood’s market-leading cryptocurrency trading platform to flow directly into Bloomberg AIM, a leading buy-side order management system (OMS).

Effective February 24, 2022 Through February 25, 2022, MIAX Options And MIAX Emerald Options 2X Opening And Intraday Valid And Priority Quote Spread Relief iI All Symbols

Date 24/02/2022

Multiplier: 2X
Reason: In maintenance of a fair and orderly market.
Time: Opening and Intraday
Subject Summary: Please be advised, effective February 24, 2022 through February 25, 2022, the MIAX Regulation Department has granted 2 times opening and intraday quote parameter relief for all symbols on MIAX Options and MIAX Emerald Options. 

ACER To Decide On ENTSO-E’s Proposal On The Methodology For Training And Certification Of Staff Working For Regional Coordination Centres

Date 24/02/2022

On 18 February 2022, the EU Agency for the Cooperation of Energy Regulators (ACER) received a proposal from the European Network of Transmission System Operators for Electricity (ENTSO-E) regarding the methodology for training and certification of staff working for Regional Coordination Centres (RCCs).

TSX Venture Exchange Announces The 2022 Venture 50 - TSXV, The World's Premier Public Venture Capital Market, To Salute Top-Performing Companies With Virtual Market Open Today

Date 24/02/2022

TSX Venture Exchange (TSXV) today announced the 2022 TSX Venture 50Ⓡ, the Exchange's annual program showcasing the top-performing listed companies from five industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology.