News Centre

DIFC Receives FinX FinTech Hub Of The Year Award

Date 09/10/2019

• The Centre recognised for role in identifying new avenues for facilitating innovation and excellence within the financial technology sector
• Dynamic and robust FinTech ecosystem continues to reshape and define best practice transforming the future of finance

SIFMA Statement On Finalization Of Changes To The Volcker Rule

Date 08/10/2019

SIFMA today issued the following statement from President and CEO Kenneth E. Bentsen, Jr. on the Agencies finalization of changes to the Volcker Rule:

“SIFMA supports the Agencies’ goal of reducing compliance-related inefficiencies of the Volcker Rule.  The revisions finalized by all of the Agencies will help ensure the Rule does not negatively and unnecessarily impact market liquidity, capital formation and economic growth, which could be exacerbated during times of stress.  The removal of the accounting prong is a positive step forward in ensuring the regulatory definition of ‘trading account’ does not go beyond the statutory definition and Congressional intent."

Cboe Global Markets Successfully Completes Major Technology Integration, Next Innovations Underway

Date 08/10/2019

• Cboe Options Exchange is final exchange to transition to company's proprietary Bats technology
• Migration completion unifies all Cboe options, equities, and futures markets onto single state-of-the-art technology platform
• Completed migration enables focus on new trading functionality and research and data platform

Nasdaq September 2019 Volumes, 3Q19 Estimated Revenue Capture And Listings Statistics

Date 08/10/2019

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for September 2019, as well as quarterly volumes, number of listings and estimated revenue capture for the quarter ending September 30, 2019 on its investor relations website. 

US Federal Agencies Finalize Changes To Simplify Volcker Rule

Date 08/10/2019

Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating to the "Volcker rule." By statute, the Volcker rule generally prohibits banking entities from engaging in proprietary trading or investing in or sponsoring hedge funds or private equity funds.

Data-Dependent Monetary Policy In An Evolving Economy, Federal Reserve Chair Jerome H. Powell, At "Trucks And Terabytes: Integrating The 'Old' And 'New' Economies" 61st Annual Meeting Of The National Association For Business Economics, Denver, Colorado

Date 08/10/2019

Thank you for this opportunity to speak at the 61st annual meeting of the National Association for Business Economics.

FINRA Provides New Reg BI And Form CRS Resources To Assist Member Firms In Complying With SEC Rules By June 30, 2020

Date 08/10/2019

FINRA today announced it has made available new resources to assist member firms in their efforts to comply with the Securities and Exchange Commission (SEC) Regulation Best Interest (Reg BI) and Form CRS by the rules’ compliance date of June 30, 2020. FINRA is assisting members in a variety of ways including by providing a new Reg BI and Form CRS Checklist – available on FINRA’s Reg BI webpage along with a number of other resources – and by hosting several FINRA Reg BI events in the coming months.

SEC Names Katharine E. Zoladz As Associate Regional Director In Los Angeles Office

Date 08/10/2019

The Securities and Exchange Commission today announced that Katharine E. Zoladz has been named Associate Regional Director for enforcement in the Los Angeles Regional Office. Ms. Zoladz succeeds John Berry, who left the agency in July 2019. Ms. Zoladz will now oversee the Los Angeles office's enforcement efforts in Southern California, Arizona, Hawaii, and Nevada, along with fellow Associate Regional Director Alka Patel.

SIX And The SNB Explore Technological Approaches For The Use Of Digital Central Bank Money In The Settlement Of Tokenized Assets

Date 08/10/2019

As part of a proof of concept, SIX is working with the SNB to explore technological options to make digital central bank money available for the trading and settlement of tokenized assets between financial market participants. The technological foundation for its feasibility is provided by the SIX Digital Exchange, which uses distributed ledger technology.

UK Financial Conduct Authority Urges Remaining Victims Of Churchgate Trading Syndicate To Get In Touch

Date 08/10/2019

The Financial Conduct Authority (FCA) urges members of the public who lost money in an unauthorised scheme called the Churchgate Trading Syndicate and who may be eligible to receive some of their money back, to get in contact with the FCA.