News Centre

BIS: Regulating Big Techs In Finance

Date 02/08/2021

Key takeaways

• Big tech firms entering financial services can scale up rapidly with user data from their existing business lines in e-commerce and social media, and by harnessing the inherent network effects in digital services.
• In addition to traditional policy concerns such as financial risks, consumer protection and operational resilience, the entry of big techs into financial services gives rise to new challenges surrounding the concentration of market power and data governance.
• The current framework for regulating financial services follows an activities-based approach where providers must hold licences for specific business lines. There is scope to address the new policy challenges by developing specific entity-based rules, as proposed in several key jurisdictions – notably the European Union, China and the United States.

SEC Issues Whistleblower Awards Totaling More Than $4 Million

Date 02/08/2021

The Securities and Exchange Commission today announced awards of more than $4 million to four whistleblowers who provided information and assistance in two separate enforcement proceedings.

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

Date 02/08/2021

As per the Securities market risk parameters methodology, on 02.08.2021, 18-46 (MSK) the upper bound of the price band (up to 21695) and initial margins (up to 32.5 %) for the security SQ-RM were changed. New values are available here

EBA: Consultation On Draft Guidelines On The Role, Tasks And Responsibilities AML/CFT Compliance Officers (EBA/CP/2021/31)

Date 02/08/2021

The European Banking Authority (EBA) launched today a public consultation on new Guidelines on the role, tasks and responsibilities of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance officers. The Guidelines also include provisions on the wider AML/CFT governance set-up, including at the level of the group. Once adopted, these Guidelines will apply to all financial sector operators that are within the scope of the AML Directive. This consultation runs until 2 November 2021.

Symphony Acquires StreetLinx To Offer The Most Complete And Secure Verified Identity Directory In Financial Services

Date 02/08/2021

Symphony - the leading markets' infrastructure and technology platform - will now offer the most complete and secure verified directory in the financial services industry as it has acquired the counterparty mapping platform StreetLinx. This acquisition adds over 200 institutional counterparties to the more than 1000 institutions already served by Symphony.

SIX Trading Key Figures: July 2021

Date 02/08/2021

In July 2021 trading turnover on the Swiss stock exchange reached CHF 88.3 billion, 22.6% less than in the previous month, while the number of transactions decreased by 4.4% to a total of 4,574,578. Since the beginning of 2021, trading turnover reached CHF 783.1 billion with a total of 38,228,952 transactions. The SMI® rose by 1.5% and reached 12,116.8 points at the end of the month, registering a new all-time high (closing price on 30.7.2021).

EBA Consults On New Guidelines On The Role Of AML/CFT Compliance Officers

Date 02/08/2021

The European Banking Authority (EBA) launched today a public consultation on new Guidelines on the role, tasks and responsibilities of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance officers. The Guidelines also include provisions on the wider AML/CFT governance set-up, including at the level of the group. Once adopted, these Guidelines will apply to all financial sector operators that are within the scope of the AML Directive. This consultation runs until 2 November 2021.

Nasdaq Nordic And Baltic Markets Trading Statistics July 2021

Date 02/08/2021

Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic¹ and Baltic² markets. Below follows a summary of the statistics for July 2021:

ESMA Publishes Latest Edition Of Its Newsletter

Date 02/08/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its latest edition of the Newsletter “Spotlight on Markets”.

Statistics fFom Nasdaq Nordic Exchange July 2021

Date 02/08/2021

Monthly statistics including stock and derivative statistics;

• Volumes and Market cap
• Most traded companies
• Most active members
• Listings and members