News Centre

Federal Reserve Payments Study Finds U.S. Payments Fraud A Small But Growing Fraction Of Overall Payments

Date 16/10/2018

The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015--outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data. The study's survey of depository institutions found that the value of noncash payments fraud rose 37 percent from $6.1 billion in 2012 to $8.3 billion in 2015. Over the same period, the total value of noncash payments rose 12 percent from $161.2 trillion to $180.3 trillion.

ISDA Publishes Updated Model Netting Act

Date 16/10/2018

ISDA has published an update of its Model Netting Act, designed to provide a template that can be used by jurisdictions considering legislation to ensure the enforceability of close-out netting.

BME: Openfinance And Refinitiv Join Forces To Offer Technical Analysis And Pioneering Private Banking Management Technology - The Partnership Provides A Comprehensive Service To Customers Of Both Companies, Generating Personalised Reports In Compliance With The MiFIDII Regulation - This Service Is Being Offered For The First Time In Spain And Latin America

Date 16/10/2018

Openfinance, a BME Group company specialised in developing and implementing technology solutions for financial advising and portfolio management, and Refinitiv, formerly the Financial and Risk business of Thomson Reuters, have signed a strategic partnership agreement that will give financial advisersaccess to information, technical analysis, news, and pioneering technology in the private banking sector to streamline their decision-making, practically in real time.

Nigerian Stock Exchange Hosts The Third Edition Of Its Annual Market Data Workshop

Date 16/10/2018

The Nigerian Stock Exchange (NSE), in partnership with Sterling Bank Plc, is set to host the third edition of the NSE Market Data Workshop on Friday, October 19, 2018 at The Civic Center, Victoria Island, Lagos. 

U.S. Department Of Justice: Former State Street Executive Sentenced For Scheme To Defraud Clients Through Secret Trading Commissions

Date 16/10/2018

A former executive vice president of State Street Corporation was sentenced today in federal court in Boston, Massachusetts, in connection with engaging in a scheme to defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades. 

The New American Dream: Retirement Security, SEC Commissioner Kara M. Stein, Washington D.C., Oct. 16, 2018, Remarks At The Brookings Institution

Date 16/10/2018

Good Morning. Thank you, Aaron [Klein], for the kind introduction. And, thank you to the Brookings Institution, and to Senior Fellow Martin Baily, for hosting this morning’s event on a topic that is important to everyone—retirement.

We have all dreamed at some point about what our retirement might look like. For some, it is being able to stop working at 65 to engage in other activities. For others, it might be moving to a long-dreamed of retirement location or closer to family. Although everyone’s ideal retirement will look a little bit different, we all share the desire to have the financial security that will allow such dreams to come true.

KASE Index ETF Begins Trading On Moscow Exchange

Date 16/10/2018

On 16 October 2018, Moscow Exchange (MOEX) started trading in the KASE Index Exchange Traded Fund (ETF) managed by FinEx Investment Management LLP.

Remarks Of CFTC Commissioner Brian Quintenz At The 38th Annual GITEX Technology Week Conference

Date 16/10/2018

Good morning.  Thank you very much Matteo for that kind introduction.  Before I begin, let me quickly say that the views I express today are my own and do not represent the views of the Commission.  For those of you not familiar with the Commission’s mission, the CFTC is responsible for regulating the derivatives markets in the United States.  As such, we have oversight authority over the futures and swaps market, including derivatives on commodity cryptocurrencies.

A Delegation From Khartoum Stock Exchange Visits Amman Stock Exchange

Date 16/10/2018

The Amman Stock Exchange received a delegation from Khartoum Stock Exchange, where they exchanged the information on the trading mechanism besides the recent technical, legislative and quantitative developments that the ASE and the securities market in particular witnessed.

ADX Signs MoU With Sustainability Excellence To Promote Sustainability Initiatives And ESG Principles Among Stakeholders

Date 16/10/2018

Abu Dhabi Securities Exchange (ADX), the region's leading financial market, signed a Memorandum of Understanding (MoU) with the management consulting firm Sustainability Excellence. The MoU is aimed at deploying Environment, Social and Governance (ESG) -related initiatives that would enable ADX to promote ESG and sustainability values and practices among its listed issuers and investors as well as internally.