News Centre

BIS: Implementation Monitoring Of The PFMI: Level 3 Assessment Of Financial Market Infrastructures' Business Continuity Planning

Date 21/07/2021

• The CPMI and IOSCO assessed the implementation of Principle 17 (Operational risk) of the Principles for financial market infrastructures in 38 FMIs from 29 jurisdictions.
• Surveyed financial market infrastructures (FMIs) have business continuity plans, reviewed at least annually and tested regularly, that included pandemic scenarios prior to Covid-19.
• The report identified one serious issue of concern in the area of recovery. The CPMI and IOSCO urge the relevant FMIs and their supervisors to take action to resolve these issues.

SEC Awards Nearly $3 Million To Whistleblower

Date 21/07/2021

The Securities and Exchange Commission today announced an award of nearly $3 million to a whistleblower whose information and assistance led to a successful SEC enforcement action.

Zanzibar’s New Tax And Residency Investment Scheme Set To Open Paradise To The World - Government Introduces Key Measures To Make The Idyllic Region Attractive To Foreign Investors Seeking To Invest In Africa

Date 21/07/2021

The government of Zanzibar, one of Africa’s most prized travel destinations, has announced that a new tax and residency program is now available for foreigners wanting to live and invest in the island.

Moscow Exchange: Risk Parameters On Securities Market

Date 21/07/2021

CCP NCC will set the following risk parameters on Securities market starting from July 22, 2021:

The BIS Innovation Hub

Date 21/07/2021

In a speech to the 91st BIS AGM, Agustín Carstens and Benoît Cœuré updated governors on the work of the Innovation Hub two years after it was created, and the ongoing work on Central Bank Digital Currencies.

Prepared Remarks Of Gary Gensler, Chair Of The Securities And Exchange Commission, Before The American Bar Association Derivatives And Futures Law Committee Virtual Mid-Year Program - Chair Gary Gensler, July 21, 2021

Date 21/07/2021

Thank you for the kind introduction. It’s good to be back with the American Bar Association’s Derivatives and Futures Law Committee.

Leading Financial Services And Technology Insights Firms Merge To Form Aite-Novarica Group

Date 21/07/2021

Aite Group LLC and Novarica Inc. have joined forces to create the leading advisory firm focused on helping executives from banks, payments providers, insurers, securities firms and their respective service providers respond to important technology, market, operations, and regulatory changes. 

State Street Launches Front To Back Private Markets Solution - Agrees To Acquire Mercatus, Inc. To Offer Fully Integrated Platform For Growing Private Market Segments Including Infrastructure, Private Equity, Real Estate, Private Debt And Fund Of Funds

Date 21/07/2021

State Street Corporation (NYSE:STT) announced today that it has entered into an agreement to acquire Mercatus, Inc., a premier front-and-middle-office solutions and data management provider for private market managers. The transaction is expected to be completed in September subject to customary closing conditions. Financial terms are not being disclosed.

JPMorgan Chase Bank N.A.: BaFin Imposes Administrative Fine

Date 21/07/2021

On 19 July 2021, BaFin imposed an administrative fine amounting to 1,830,000 euros on JPMorgan Chase Bank N.A.

SEC Charges Retailer And Former CEO For Accounting, Reporting, And Control Failures

Date 21/07/2021

The Securities and Exchange Commission today announced that Fort Worth, Texas, specialty retailer Tandy Leather Factory Inc. and its former chief executive officer Shannon Greene have agreed to settle charges for accounting, reporting, and control failures that led to a multi-year restatement of the company’s financial statements.