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SEC Charges Investment Advisory Firms And Broker-Dealers In Connection With Sales Of Complex Exchange-Traded Products - More Than $3 Million To Be Returned To Harmed Retail Investors As Part Of Ongoing Risk-Based Initiative

Date 13/11/2020

The Securities and Exchange Commission today filed settled actions against three investment advisory firms and two dually-registered broker-dealer and advisory firms for violations that related to unsuitable sales of complex exchange-traded products to retail investors. The sales occurred between January 2016 and April 2020. These actions are the first arising from investigations generated by the Division of Enforcement's Exchange-Traded Products Initiative, which utilized trading data analytics to uncover potential unsuitable sales.

Deutsche Börse Group: Business Indicators For October 2020

Date 13/11/2020

Click here to download a summary of Deutsche Börse Group's business indicators for October 2020.

BIS: Monetary Policy Response In Emerging Market Economies: Why Was It Different This Time?

Date 13/11/2020

Key takeaways

• During the Covid-19-induced financial stress in March 2020, central banks in emerging market economies (EMEs) departed from their monetary policy playbook by cutting rates even in the face of sharp currency depreciations and massive capital outflows.
• Two factors were at play. First, the cyclical position of EMEs gave more room for easing of monetary policy, while structural changes improved the anchoring of inflation expectations and kept a lid on exchange rate pass-through. Second, the swift monetary policy easing by the Federal Reserve and other advanced economy central banks calmed global financial conditions. These policies capped the appreciation pressures on the US dollar, an EME risk factor, and gave EMEs greater room to cut interest rates.
• Monetary easing and asset purchases helped cushion the impact of portfolio outflows on local currency sovereign bond markets. Synchronised monetary and fiscal policies supported one another.

Nigerian Stock Exchange Retains ISO 27001:2013 Certification for 5th Consecutive Year

Date 13/11/2020

The Nigerian Stock Exchange (NSE or The Exchange) is pleased to announce that it has retained its ISO 27001:2013 certification for its Information Security Management System (ISMS). This marks the 5th consecutive year that The Exchange will retain this certification since it was first issued in 2015.

Beyond AML Provides New, Innovative Capabilities Enabling Financial Institutions To Leverage Applied Intelligence, Data Analytics And Machine Learning To Optimise Their End-To-End AML Processes

Date 13/11/2020

• Combining 20 years’ experience and world-class data science expertise with applied intelligence from the world leaders in the analysis of automated sanctions and PEP screening solutions, 
• Beyond AML reduces risk and delivers operational effectiveness and efficiency for your compliance and anti-money laundering processes, from initial onboarding to reporting.

CFTC Approves Nodal Clear, LLC To Clear For Other Designated Contract Markets

Date 13/11/2020

The Commodity Futures Trading Commission today announced it has approved an Amended Order of Registration for Nodal Clear, LLC, removing a previous requirement limiting its activities as a registered derivatives clearing organization (DCO) to clearing contracts executed on or through its affiliated designated contract market (DCM), Nodal Exchange, LLC. The amended order permits Nodal Clear to clear for other DCMs in addition to Nodal Exchange. 

EU Member States Approve EIB Group Climate Bank Roadmap 2021-2025

Date 13/11/2020

• Support €1 trillion in investment for climate action and environmental sustainability in the decade to 2030 
• EIB Group is now aligning all financing activities from end of 2020, with goals of Paris agreement
• More than 50% of annual financing dedicated to green investment by 2025
• More Green advisory services and financing of innovative low carbon technologies
• Support for green capital markets, climate change adaptation, Just Transition projects

Euronext Announces Its Financial Calendar For 2021

Date 13/11/2020

Euronext, the leading pan-European market infrastructure, today announced its financial calendar for 2021, set as follows:

• Full-year 2020 results:
  • Release on Wednesday 10 February 2021, after market closing
  • Analysts conference on Thursday 11 February 2021, at 9.00am (CET)
  • Quiet period from 20 January to 10 February 2021

SEC Charges Former Wells Fargo Executives For Misleading Investors About Key Performance Metric

Date 13/11/2020

The Securities and Exchange Commission today charged former Wells Fargo & Co. CEO and Chairman John G. Stumpf and former head of Wells Fargo’s Community Bank Carrie L. Tolstedt for their roles in allegedly misleading investors about the success of the Community Bank, Wells Fargo’s core business. The SEC’s filings include settled charges against Stumpf, who agreed to pay a $2.5 million penalty, and a litigated action alleging Tolstedt committed fraud. The SEC previously filed settled charges against Wells Fargo for engaging in the misconduct. 

The Bank Of England Is Restarting The Climate Biennial Exploratory Scenario (CBES)

Date 13/11/2020

In line with comments made by Governor Andrew Bailey on 9 November 2020. The CBES will be launched in June 2021.