News Centre

Online Payment Fraud Losses To Exceed $206 Billion Over The Next Five Years; Driven By Identity Fraud - Juniper Research

Date 05/07/2021

A new study from Juniper Research has found that merchant losses to online payment fraud will exceed $206 billion cumulatively for the period between 2021 and 2025. This figure, equivalent to almost 10 times Amazon’s net income in the 2020 financial year, demonstrates why merchants must make combatting fraud, through the use of machine learning-based fraud prevention platforms, an immediate priority.

Hong Kong Securities And Futures Commission Reprimands And Fines Raymond Leung Tak Shing $400,000 For Breaches Of Anti-Money Laundering Regulatory Requirements

Date 05/07/2021

Monetary Authority Of Singapore Issues Prohibition Orders Against Ms Suzannah Khoo Lee Sun For Dishonest Conduct

Date 05/07/2021

The Monetary Authority of Singapore has issued four-year prohibition orders (POs) against Ms Suzannah Khoo Lee Sun, following her conviction in the State Courts for an offence involving dishonesty, namely misappropriation of monies from one of her clients.

NZX Shareholder Metrics - June 2021

Date 04/07/2021

Please see attached NZX Limited shareholder metrics for June 2021.

MIAX Exchange Group - Options Markets - Options Regulatory Fee Update - August 2021

Date 02/07/2021

Pending regulatory approval, the MIAX Exchanges will amend the Options Regulatory Fee (“ORF”) of each MIAX Exchange as follows:

• MIAX Options will decrease the ORF to $0.0019 effective August 2, 2021
• MIAX Pearl Options will decrease the ORF to $0.0018 effective August 2, 2021
• MIAX Emerald Options will increase the ORF to $0.0016 effective August 2, 2021

CFTC Financial Data for Futures Commission Merchants Update

Date 02/07/2021

Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. Selected financial information from these reports is published below. The most recent month-end information generally is added within 12 business days after FCMs and RFEDs file their reports, but occasionally may be added later. For example:  The 17th business day filing “due date" for February 28, 2015 financial reports was March 25, 2015.  The 12 business day target for posting these data was April 10, 2015.

Office Of The Comptroller Of The Currency Releases CRA Evaluations For 16 National Banks And Federal Savings Associations

Date 02/07/2021

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of June 1, 2021 through June 30, 2021. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

CFTC Commissioner Quintenz In Bloomberg: Family Offices Don’t Need New Regulations

Date 02/07/2021

Excerpts from Commissioner Brian Quintenz's Op-ed with the Securities and Exchange Commission’s Commissioner Hester Peirce on the Collapse of Archegos

Bill Hwang’s family office, Archegos Capital Management, failed in spectacular fashion in March as investments in complex derivative products — specifically, total return swaps on individual stocks — rapidly accumulated losses too large for the firm to cover. As a result of Archegos’s default on these positions, large investment banks that were counterparties to the trades were left holding the bag. Some banks suffered large losses as they unwound those positions.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 02/07/2021

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 volatility 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 June 28, 2021 as indicated in the Weekly Notice. 

CFTC Commitments Of Traders Update

Date 02/07/2021

The current reports for the week of June 29, 2021 are now available.