News Centre

U.S. Department Of The Treasury - What They Are Saying: Secretary Of The Treasury Janet Yellen Confirmed In A Historic, Bi-Partisan Senate Vote

Date 26/01/2021

Secretary Janet Yellen was confirmed in a historic vote by the United States Senate as Secretary of the Treasury Department, gaining broad bi-partisan support. The Senate confirmation came days after Secretary Yellen won unanimous backing from both Democrats and Republicans on the Senate Finance Committee. Secretary Yellen has the deep experience to meet this moment and get the economy back on track, strengthen the financial system, and restore jobs. As the first woman to lead the Treasury Department - and the first person to have ever served as Treasury Secretary, Chair of the Council of Economic Advisors and Chair of the Federal Reserve - Secretary Yellen is a strong, crisis-tested leader prepared to address the urgent economic and financial policy decisions facing the nation. Here’s what they’re saying about Secretary Yellen’s Senate confirmation:

Sen. Tammy Baldwin: I voted for Janet Yellen to become the first woman to lead @USTreasury in its 231-year history. Our new Treasury Secretary has deep experience that will be essential to take on the urgent economic crisis we face and #BuildBackBetter by investing in American workers. [Tweet, 1/25/21]

Regulatory Approaches To The Tokenisation Of Assets

Date 26/01/2021

The tokenisation of assets involves the digital representation of real (physical) assets on distributed ledgers, or the issuance of traditional asset classes in tokenised form. Asset tokenisation has become one of the most prominent use-cases of distributed ledger technologies (DLTs) in financial markets, for assets including securities (e.g. stocks and bonds), commodities (e.g. gold) and other non-financial assets (e.g. real estate), and with potential cross-cutting implications for financial market practices and participants, market infrastructure and regulators across a large range of financial instruments and asset classes.

Kavitha Venkita Joins ACA Compliance Group To Lead Its Cybersecurity And Technology Risk Team - Former Gartner/CEB Global IT Practice Leader Joins Leading Governance, Risk, And Compliance Firm As The Business Unit Lead For ACA Aponix®, ACA’s Cybersecurity And Technology Risk Team

Date 26/01/2021

ACA Compliance Group (ACA) announced today that Kavitha Venkita has been appointed to lead ACA Aponix®, the dedicated global cybersecurity and technology risk advisory team at ACA. Kavitha will oversee all aspects of the business, including cybersecurity advisory, cyber and technology risk diligence for financial sponsors and corporates, and vendor management.  

Up To 44% More Growth: Banks With Mature Digital Sales Capabilities Take The Lead - New Research Finds The Digital Playing Field Is Wide Open For Banks Of All Sizes To Vault Ahead Of The Pack

Date 26/01/2021

Data released today by Engagement Banking technology provider Backbase reveals that enhancing digital account opening and product origination—collectively known as digital sales—is instrumental to financial institutions’ success. 

Matrix Executions Announces 2021 Plans After Quadrupling Volumes And Increasing Market Share In 2020 - Firm Completes Record Year In Revenues, Product Development, Client Acquisition, And Volume Executed, With Several Client-Requested Solution Rollouts Planned For Q1 2021

Date 26/01/2021

Matrix Executions, LLC (“Matrix”), a broker-dealer specializing in trading workflow automation and execution, today laid out the road ahead for the firm on the heels of a successful 2020. Matrix captured an increased percentage of market share of the options industry’s record-setting volumes in 2020, and with the expected delivery of additional product offerings in 2021, anticipates to continue that success.

SIA: Agreement With Fintech WizKey For Trading Of Credits On Blockchain - Thanks To A DLT Technology Based Platform, Banks, Funds And Financial Operators Will Be Able To Securitize And Sell Credit Portfolios Thus Promoting Greater Liquidity For SMEs

Date 26/01/2021

SIA, a leading European hi-tech company in payment services and infrastructures, controlled by CDP Equity, has signed a partnership agreement with WizKey, a fintech offering advanced solutions for the credit market, to launch an innovative platform available to banks, funds and financial operators to negotiate credits on blockchain and promote greater liquidity to the benefit of SMEs.

LIBOR – Are You Ready For Life Without LIBOR from end-2021? - Speech By Edwin Schooling Latter, Director Markets And Wholesale Policy At The FCA, Delivered At City & Financial's Managing LIBOR Transition Event On 26 January 2021

Date 26/01/2021

Highlights:

• 85% of uncleared UK derivatives market ready for the end of LIBOR as 12,500 firms sign the ISDA protocol
• IBA consultation on proposed end-dates for LIBOR has now closed, opening the way to determining and announcing the future path for all 5 LIBOR currencies simultaneously
• users of LIBOR should press ahead with transition plans – in their new business and their legacy LIBOR books

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

Date 26/01/2021

As per the Securities market risk parameters methodology, on 26.01.2021, 15-59 (MSK) the upper bound of the price band (up to 938) and initial margins (up to 20 %) for the security GE-RM were changed. New values are available here

CME Group To Launch A Global Emissions Offset (GEO) Futures Contract On March 1

Date 26/01/2021

CME Group, the world's leading and most diverse derivatives marketplace, today announced it will launch a Global Emissions Offset™ (GEO™) futures contract on March 1, 2021, pending all relevant regulatory reviews. The new contract, which will provide customers with a market-based solution to manage global emissions risk, was jointly developed with Xpansiv market CBL, a leader in spot energy and environmental markets.  

Tether Tokens (USDt) Surpasses US$25 Billion Market Cap

Date 26/01/2021

Tether Operations Limited, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, has today announced that Tether tokens (USDt) have surpassed US$25 billion.