News Centre

Statement Of CFTC Commissioner Brian D. Quintenz Regarding The Commission’s Enforcement Action Against BitMEX

Date 01/10/2020

I commend the Division of Enforcement for their tireless efforts to ensure that market participants, especially exchanges and intermediaries, comply with the Commodity Exchange Act and CFTC Regulations and don’t skirt those rules to the disadvantage of U.S. customers and law-abiding market participants. As a derivatives market regulator that supports innovation and ingenuity, it is imperative that we actively police trading platform activity and remove the bad apples so that legitimate, law-abiding marketplaces can flourish. We will not stand for any participant brazenly flouting our rules. I look forward to the successful resolution of this matter and the beneficial impact it will have in this market by holding those who deliberately ignore the law accountable.

Mortgage Market Regulation And Access To Mortgage Credit, Federal Reserve Governor Michelle W. Bowman, At "Opportunities And Challenges For Homeownership," A Virtual Roundtable Discussion, Jake Jabs College Of Business And Entrepreneurship, Montana State University, Bozeman, Montana (Via Webcast)

Date 01/10/2020

Good afternoon, everyone. Thank you to Montana State University (MSU) for hosting today's event and for that very kind introduction. It is wonderful to see the success of your Community Banking Program here at MSU and your commitment to investing in the education of future generations of community bankers.

Testimony Of CFTC Commissioner Rostin Behnam Before The House Select Committee On The Climate Crisis - “Creating A Climate Resilient America: Strengthening The U.S. Financial System And Expanding Economic Opportunity"

Date 01/10/2020

Chair Castor, Ranking Member Graves, and members of the committee, it is an honor to appear before you today to discuss creating a climate resilient America through strengthening the U.S. financial system and expanding economic opportunity.  Before I begin, please recognize that the views I express today are my own and do not represent the views of the CFTC, its staff, or my fellow Commissioners.

Ontario Securities Commission And IIROC Appeal For Tips On Abusive Trading

Date 01/10/2020

The Ontario Securities Commission (OSC) and the Investment Industry Regulatory Organization of Canada (IIROC) encourage the public to submit tips on potential abusive trading in securities of Ontario reporting issuers, including illegal insider trading, market manipulation or abusive short selling.

New Canadian Securities Administrators Report Highlights Investor Education In Turbulent Times

Date 01/10/2020

Educating investors on weathering volatile markets and avoiding scams are recurring themes in the Canadian Securities Administrators (CSA) new report, Investor Education in Canada 2020, published today to kick off October’s Investor Education Month.

Nigerian Stock Exchange To Host Central Bank Of Nigeria Governor And Director-General, Nigeria Securities And Exchange Commission At Financial Services Webinar

Date 01/10/2020

The Nigerian Stock Exchange (“NSE” or “The Exchange”) is set to host a financial services webinar on Thursday, 8 October 2020.  

Modernizing And Strengthening CRA Regulations: Hearing From Community Banks, Federal Reserve Governor Lael Brainard, To The Independent Community Bankers Of America Fall Leadership Meeting (Via Webcast)

Date 01/10/2020

Thank you for inviting me here today to take part in your Fall Leadership Meeting.

We recognize that community banks play a vital role in the communities you serve. Your insights into local conditions and your long-standing customer relationships afford you a deep understanding of the needs and characteristics of the households and small businesses in your communities, and enable you to meet their credit needs effectively. The value of these relationships has never been more evident than during this crisis—a fact that my colleague, Governor Michelle Bowman, highlighted yesterday when she said "it is no surprise that community banks are standing shoulder to shoulder with their customers, on the front lines." Governor Bowman referred to an Independent Community Bankers of America (ICBA) report that cites preliminary data on the Paycheck Protection Program that community banks have been the main source of lending for minority-owned small businesses during the pandemic and noted the same is true for veteran-owned busines

MGEX Announces September Volume Numbers

Date 01/10/2020

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports the total exchange volume for September was 164,754 contracts traded, which makes this past month the third best September in the history of the exchange. With the addition of September’s numbers, the calendar year total exchange volume is currently 12% higher compared to 2019.

Finansinspektionen Analysis 22: Fewer High-Cost Short-Term Credits After New Rules

Date 01/10/2020

After the provisions regarding high-cost short-term credits were changed in 2018 – in part by introducing an interest rate ceiling and cost ceiling – these types of loans decreased sharply. It is probable that the reform has led to a decrease in the supply of high-cost short-term credits. It is also evident that several companies have stopped offering such loans.

Deutsche Börse: Cash Market Trading Volumes In September

Date 01/10/2020

Deutsche Börse’s cash markets generated a turnover of €149 billion in September (previous year: €121.2 billion).