News Centre

SEC Modernizes Framework For Fund Valuation Practices

Date 03/12/2020

The Securities and Exchange Commission today announced that it voted to adopt a new rule that establishes an updated regulatory framework for fund valuation practices.  The rule is designed to clarify how fund boards of directors can satisfy their valuation obligations in light of market developments, including an increase in the variety of asset classes held by funds and an increase in both the volume and type of data used in valuation determinations.

CFTC Orders Vitol Inc. To Pay $95.7 Million For Corruption-Based Fraud And Attempted Manipulation, First CFTC Enforcement Action Involving Foreign Corruption

Date 03/12/2020

The Commodity Futures Trading Commission today issued an order filing and settling charges against Vitol Inc., an energy and commodities trading firm in Houston, Texas, for manipulative and deceptive conduct. The conduct, which spanned from 2005 to early 2020, involved foreign corruption and physical and derivatives trading in the U.S. and global oil markets, including attempted manipulation of two S&P Global Platts physical oil benchmarks. The order requires Vitol to pay more than $95 million in civil monetary penalties and disgorgement.

SEC Announces Office Focused On Innovation And Financial Technology - FinHub Specialized Unit To Become Stand-Alone Office

Date 03/12/2020

The Securities and Exchange Commission today announced that the SEC's Strategic Hub for Innovation and Financial Technology, commonly referred to as FinHub, will become a stand-alone office. Valerie A. Szczepanik will continue to lead FinHub as its first director and will report directly to the SEC Chairman.

Canadian Securities Regulators Seek Comment On Activist Short Selling

Date 03/12/2020

The Canadian Securities Administrators (CSA) today published a consultation paper to facilitate discussion about activist short selling.

Cboe Global Markets Reports November 2020 Trading Volume

Date 03/12/2020

• U.S. Equities total ADV up 51 percent from November 2019
• European Equities total ADNV up 33 percent from November 2019
• Options total ADV up 50 percent from November 2019
• ADV in VIX options up 37 percent from November 2019
• Global FX total ADNV up 32 percent from November 2019

OECD Tax Revenues Fall Slightly Before The COVID-19 Pandemic, But Countries Face Much Larger Decreases Ahead, Particularly From Consumption Taxes

Date 03/12/2020

Tax revenues fell across the OECD for the first time in a decade during 2019, but a much larger decrease is expected in 2020 as the COVID-19 pandemic drives down economic activity and consumption tax revenues, according to new OECD research published today.

Colombia Draws On IMF Flexible Credit Line To Address The COVID-19 Pandemic

Date 03/12/2020

• The Colombian government has made a drawing of US$ 5.4 billion under the Flexible Credit Line (FCL) arrangement in the context of the pandemic. The authorities will use the drawing to help meet higher financing needs whilst maintaining strong external buffers in a context of heightened global uncertainty.
• With access under the FCL arrangement raised on September 25, 2020, the remaining amount available to Colombia under the credit line stands at US$ 12.2 billion (SDR 8.517 billion) after the drawdown. The authorities intend to treat this remaining amount under the FCL as precautionary.
• Combined with the comfortable level of international reserves that Colombia has, the FCL provides added insurance against external downside risks

Quarterly Adjustment Of GPW Benchmark Indices

Date 03/12/2020

GPW Benchmark announces the quarterly adjustment of WIG20, mWIG40, sWIG80 and WIG30 indices portfolios. Changes will come into force after close of business on December 18, 2020.

Federal Reserve Board Announces Members Of Its Insurance Policy Advisory Committee

Date 03/12/2020

The Federal Reserve Board on Thursday announced seven members, including three new members, of its Insurance Policy Advisory Committee, or IPAC. The members will serve three-year terms beginning in 2021.

Exchange Data International Awarded Best Corporate Actions Solution

Date 03/12/2020

Exchange Data International (EDI), a leading provider of global security corporate actions, pricing and reference data, is pleased to announce that they were awarded ‘Best Corporate Actions Solution’’ by the Data Management Insight Awards 2020 today.