News Centre

Minutes Of The Federal Open Market Committee, June 12-13, 2018

Date 05/07/2018

The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached minutes of the Committee meeting held on June 12-13, 2018. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.

US Department Of Justice: Credit Suisse’s Investment Bank In Hong Kong Agrees To Pay $47 Million Criminal Penalty For Corrupt Hiring Scheme That Violated The FCPA

Date 05/07/2018

Credit Suisse (Hong Kong) Limited (CSHK), a Hong Kong-based subsidiary of Credit Suisse Group AG (CSAG), a Swiss-based issuer of publicly traded securities in the United States, reached a resolution with the Department of Justice and agreed to pay a $47 million criminal penalty for its role in a scheme to corruptly win banking business by awarding employment to friends and family of Chinese officials.

Federal Reserve Board Invites Public Comment On Proposal To Adopt ISO 20022 Message Format For Fedwire Funds Service

Date 05/07/2018

The Federal Reserve Board on Thursday invited public comment on a proposal to adopt the ISO®20022 message format for the Fedwire® Funds Service. If approved, the proposed action would replace the Fedwire Funds Service's current, proprietary message format. Potential benefits to the adoption of the ISO 20022 message format include enhanced efficiency of both domestic and cross-border payments between the Fedwire Funds Service and other payment or messaging systems as well as a richer set of payment data that could help banks and other entities meet evolving requirements to screen payments for sanctions and anti-money laundering purposes. The proposed migration to the ISO 20022 message format would take place in three phases beginning in 2020 and ending in 2023.

Leading Regulatory Expert David Nowell Joins Rapidly-Growing Kaizen team

Date 05/07/2018

Award-winning Kaizen Reporting today announced that David Nowell, the former head of regulatory compliance at London Stock Exchange’s UnaVista, will be joining its growing list of new hires at a time of remarkable expansion. Nowell will be Senior Regulatory Reporting Specialist, bringing with him extensive experience including over ten years at the Financial Services Authority (FSA). The new hire comes at an exciting time for Kaizen, with several new hires from tier 1 banks and the recent recruitment of Jonathan Lee, former SFTR taskforce leader at ICMA, and the addition of Elixirr (announced in March) to existing partnerships, with companies including UnaVista.

BIST Stock Indices Ground Rules Has Been Updated

Date 05/07/2018

Borsa İstanbul Management has decided to change the Article 2.19 of the BIST Stock Indices Ground Rules in order to bound the weights of stocks starting from January, April, July and October for indices whose constituents are not periodically reviewed.

European Commission Aims To Enhance ACER’s Mandate And The Powers Of Its Director

Date 05/07/2018

SEC Charges Credit Suisse With FCPA Violations

Date 05/07/2018

The Securities and Exchange Commission today announced that Credit Suisse Group AG will pay approximately $30 million to resolve SEC charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign Corrupt Practices Act (FCPA).  

CFTC Financial Data For Futures Commission Merchants Update

Date 05/07/2018

Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. Selected financial information from these reports is published below. The most recent month-end information generally is added within 12 business days after FCMs and RFEDs file their reports, but occasionally may be added later. For example:  The 17th business day filing “due date" for February 28, 2015 financial reports was March 25, 2015.  The 12 business day target for posting these data was April 10, 2015.

Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Statement Welcoming The IDWG Recommendations

Date 05/07/2018

On 15 June 2018 we received the report of recommendations from the Institutional Disclosure Working Group (IDWG). The IDWG has now also published a summary of their recommendations.

European Commission Aims To Enhance ACER’s Mandate And The Powers Of Its Director

Date 05/07/2018

European Commission Vice-President for the Energy Union, Maroš Šefčovič, highlighted today that the EU aims at ensuring an energy system aligned with the high-pace technological change: “Our ambition is not only to keep up with the existing developments, but to lead the way, and we are relying on the important work of ACER in order to achieve these goals. That is why we insisted on expanding ACER's mandate”, he said during a live connection from Brussels, through which he delivered his keynote speech at the Agency’s Annual Conference 2018.