News Centre

American Financial Exchange (AFX) Announces People’s Bank Of Seneca As The First Native-American Minority-owned Bank To Join Exchange

Date 27/09/2019

American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American financial institutions, announced today that People’s Bank of Seneca headquartered in Seneca, Missouri, has joined the Exchange. People’s Bank of Seneca is the first Native American minority-owned bank to become a member of the AFX. 

SEC: Automaker To Pay $40 Million For Misleading Investors

Date 27/09/2019

The Securities and Exchange Commission today charged Michigan-based automaker FCA US LLC, and its parent company, Fiat Chrysler Automobiles N.V., for misleading investors about the number of new vehicles sold each month to customers in the United States.  FCA US and Fiat Chrysler Automobiles have agreed to pay $40 million to settle the charges.

Stress Testing For Human Beings - Speech By Charles Randell, Chair Of The FCA, Delivered At The Gleneagles Pensions & Savings Symposium

Date 27/09/2019

Highlights:

• Bank regulators test the resilience of the system to future economic downturns – for conduct regulators, it’s the human impact which also matters
• The system needs to support savers to make good decisions in good times and bad.
• Affordability and appropriate arrears handling vital for a fair consumer debt market.

SEC: Herbalife To Pay $20 Million For Misleading Investors

Date 27/09/2019

The Securities and Exchange Commission today announced that Herbalife Nutrition Ltd.—a direct selling company with operations in over 90 countries— has agreed to pay $20 million to settle charges that it made false and misleading statements about its China business model in numerous U.S. regulatory filings over a six-year period.

Nigerian Stock Exchange Weekly Market Report For September 27th 2019

Date 27/09/2019

A total turnover of 1.097 billion shares worth N16.693 billion in 14,717 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.272 billion shares valued at N18.750 billion that exchanged hands last week in 19,482 deals.

SEC: Mylan To Pay $30 Million For Disclosure And Accounting Failure Relating To EpiPen

Date 27/09/2019

The Securities and Exchange Commission today announced charges against Pennsylvania-based pharmaceutical company Mylan N.V. for accounting and disclosure failures relating to a Department of Justice (DOJ) probe into whether Mylan overcharged Medicaid by hundreds of millions of dollars for EpiPen, its largest revenue and profit generating product. Mylan agreed to pay $30 million to settle the SEC's charges.

US Federal Agencies Issue Final Rule To Exempt Residential Real Estate Transactions Of $400,000 Or Less From Appraisal Requirements

Date 27/09/2019

The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have adopted a final rule that increases the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000.

Statement On DERA’s 10th Anniversary, SEC Chairman Jay Clayton, Sept. 27, 2019

Date 27/09/2019

This month, the Division of Economic and Risk Analysis celebrated its 10th anniversary.

Remarks Of DSIO Director Joshua B. Sterling Before The ABA Securities Association - What’s Going On: Our Division’s Measured Approach To Key Derivatives Market Issues For Bank-Affiliated CFTC Registrants

Date 27/09/2019

Introduction

Good afternoon.  I wish to thank the ABA Securities Association for inviting me to participate in this important conversation, and for the thoughtfulness displayed by its excellent staff in organizing today’s program.

GPW Group Implements Key Project To Develop Agricultural Exchange

Date 27/09/2019

• The GPW Group consortium has signed a memorandum of understanding with Elewarr to develop a system of warehouses authorised for the storage of grains traded on the Food Platform based on the grain silos owned by Elewarr and its subsidiaries
• Authorised warehouses guarantee and execute the clearing of transactions in commodities on the agricultural exchange
• The launch of the Food Platform is a key strategic project supporting the development of Poland’s agriculture
• The creation of an agricultural exchange, part of the government’s Strategy for Responsible Development, is a key initiative under #GPW2022