News Centre

ACER Decides On Common Rules For Cross-Border Participation In Electricity Capacity Mechanisms

Date 22/12/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) has adopted a Decision on the common rules for cross-border participation in capacity mechanisms.These rules enable electricity providers to contribute directly to resource adequacy in other EU Member States, thus improving security of electricity supply while decreasing costs for consumers.

Bitfinex Derivatives To Launch Ethereum/bitcoin (ETHF0:BTCF0) Perpetual Contract, Perpetual Swap

Date 22/12/2020

Bitfinex Derivatives* offers a derivatives platform accessible through Bitfinex, a state-of-the-art digital token trading platform. Bitfinex Derivatives has today announced the launch of a perpetual contract for Ethereum/bitcoin (ETHF0:BTCF0).

SEC Issues Substituted Compliance Order For Germany And Notice Of Substituted Compliance Application And Proposed Substituted Compliance Order For France

Date 22/12/2020

The Securities and Exchange Commission voted to take two actions to advance implementation of security-based swap regulation under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  First, the Commission is publishing a final substituted compliance order in response to an application by Germany’s Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).  In addition, the Commission is publishing a notice of application and proposed substituted compliance order in response to an application by France’s Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudential et de Résolution (ACPR).       

CFTC Staff Releases Position Limits Workbook To Provide Clarity To Market Participants

Date 22/12/2020

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today released a staff workbook to provide guidance to market participants on which exchange-traded futures contracts would be subject to the position limits rule the Commission approved in October. [See CFTC Press Release No. 8287-20]

FinTech, Italian Banking Association: Launch Of Experimental Digital Euro Project

Date 22/12/2020

Banks and the Italian Banking Association, in cooperation with ABI Lab, the banking research and innovation centre of the Italian Banking Association (ABI), have started experimentation with the digital euro. The aim of the initiative is to proactively contribute to public debate and support banks operating in Italy as they prepare for the future.  

SEC And CONSOB Sign New Supervisory Cooperation Arrangement

Date 22/12/2020

The Securities and Exchange Commission and the Commissione Nazionale per le Società e la Borsa (CONSOB) today announced the signing of a Memorandum of Understanding (MOU) concerning consultation, cooperation and the exchange of information regarding the supervision of regulated entities that conduct financial services business in the U.S., Italy, or both.

BNP Paribas Asset Management Appoints Luiz Sorge As Head Of Latin America

Date 22/12/2020

BNP Paribas Asset Management (‘BNPP AM’) announces the appointment of Luiz Sorge as Head of Latin America, with effect from 1 January 2020.  He will be based in São Paulo and will report to Sandro Pierri, Global Head of Client Group (‘GCG’).

TASE’s 2020 Summary - More High-Tech, More Trading, More Investors

Date 22/12/2020

• A record number of 19 high-tech companies (including 5 R&D partnerships) of the total 30 new listings on TASE.
• The new companies raised NIS 4.6 billion
• Dozens of high-tech companies are expected to join TASE in the coming months
• Average daily trading on the equity market - NIS 1.9 billion, an increase of 36% over the average in the past three years
• A record number of new accounts - 135 thousand
• Raising volumes reached NIS 16.3 billion on the equity market and NIS 66.8 billion on the bond market
• First two to join TASE UP:
• Group 11, the venture capital fund of the Investor Dovi Frances, with a raising target of US$ 100 million, and a start-up company, Veev, with a raising target of US$ 50 million
• Several advanced technological projects launched, including:
• Securities Lending Platform, TASE Data Hub, “Digital Employee Stock Options" 

IOSCO Publishes Report On Education Of Retail Investors Regarding Risks Of Crypto-Assets

Date 22/12/2020

The Board of the International Organization of Securities Commissions today published a report that seeks to help regulators inform retail investors about the risks and characteristics of crypto-assets.

EBRD And GPW: Steward Redqueen To Draft ESG Reporting Manual For Companies And Investors

Date 22/12/2020

• Impact and sustainability consultancy Steward Redqueen appointed to produce ESG reporting guidelines for GPW-listed companies
• The guidelines will be developed as part of the partnership between GPW and the European Bank for Reconstruction and Development (EBRD)