News Centre

Special Purpose Acquisition Companies (SPACs) Can Now Be Listed And Traded In Switzerland

Date 16/11/2021

As of 6th December 2021, SPACs can be listed and traded on the SIX Swiss Exchange. Authorization from all of the relevant authorities has been obtained. The new listing standard for SPACs caters for the specific characteristics of these vehicles while upholding an appropriate degree of investor protection.

The Party Committee Of The Shenzhen Stock Exchange Earnestly Studies And Implements The Spirit Of The Sixth Plenary Session Of The 19th Central Committee Of The Communist Party Of China

Date 16/11/2021

On November 12, the leaders of the Shenzhen Stock Exchange (“SZSE”) watched a press conference of the Central Committee of the Communist Party of China (“CPC” or “Party”) to listen carefully to the interpretation of the spirit of the sixth plenary session of the 19th Central Committee of the CPC (“Plenary Session”), and they also held a study meeting to thoroughly study and comprehend the spirit of the Plenary Session, understand and grasp the essence and rich connotations, and study and arrange the study and implementation work of the SZSE.

CalPERS Board Selects New Asset Allocation For Investment Portfolio, Keeps Discount Rate At 6.8%

Date 15/11/2021

The CalPERS Board of Administration today selected a new asset allocation mix that will guide the fund’s investment portfolio for the next four years, while at the same time retaining the current 6.8% target it assumes those investments will earn over the long term. The board also approved adding 5% leverage to increase diversification.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 15/11/2021

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 November 8, 2021 as indicated in the Weekly Notice. 

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With Chilean Finance Minister Rodrigo Andrés Cerda

Date 15/11/2021

Today Secretary of the Treasury Janet L. Yellen met with Chilean Finance Minister Rodrigo Andrés Cerda.  Secretary Yellen highlighted Treasury’s commitment to fighting climate change with all available tools at its disposal, and commended the Minister for Chile’s strong efforts on this front.  Secretary Yellen discussed Chile’s economic policies to cushion the economic impact of the pandemic, and expressed hope that recovery underway will be sustained.

Bank Of Queensland Continues Technology Modernisation With Move To Cloud-Based Debit Card Management From Fiserv - Bank Can Respond Quickly To Customer Expectations In The Rapidly Changing Payments Space

Date 15/11/2021

Bank of Queensland (BOQ) is bringing an enhanced set of capabilities to debit card holders as part of the bank’s comprehensive new digital offering. With the migration of its debit cards to the FirstVision® platform from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, the bank can offer in-demand functionality including the ability for customers to add cards to their digital wallets and pay using wearables. Because FirstVision is a cloud-based managed services solution, the bank is also positioned to rapidly add new services and scale, which is essential in today’s ever-changing payments environment.

Nadex Refrains From Listing Certain Contracts

Date 15/11/2021

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: 

• No GBP/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date November 8, 2021;

• No GBP/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date November 10, 2021;

• No EUR/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date November 11, 2021; additionally, no GBP/JPY 5-Minute contracts were listed for the 6:05pm or 6:10pm ET expiration times on that day;

• No USD/CAD 5-Minute contacts were listed for the 6:05pm or 6:10pm ET expiration times on trade date November 12, 2021.

ISDA derivatiViews: The Efficient And Scalable Answer Yo CFTC Reporting Compliance

Date 15/11/2021

We’re now about six months away from implementation of part of the US Commodity Futures Trading Commission’s (CFTC) revised swap data reporting rules, making it the first regulator to amend its reporting framework to incorporate globally harmonized data elements intended to improve the consistency and accuracy of reported data. That’s an important and welcome step, but, as with any new or amended rule, this does come with compliance challenges – not least, the need for each firm to accurately interpret the requirements and build the relevant changes into their reporting systems.

SIFMA Fixed Income Market Close Recommendations In The U.S., The U.K. And Japan For Thanksgiving Day

Date 15/11/2021

SIFMA confirmed its previous recommendations for the U.S., the U.K., and Japan in observance of the U.S. Thanksgiving Day holiday.

US Financial Stability Oversight Council Meeting

Date 15/11/2021

On Monday, November 15, the Financial Stability Oversight Council (Council) convened in executive session by videoconference.