News Centre

Testimony Of US Under Secretary For Terrorism And Financial Intelligence Brian Nelson Before The Committee On Financial Services, U.S. House Of Representatives

Date 14/02/2024

Good morning, Chair and Ranking Member, and distinguished members of the committee. Thank you for the opportunity to speak with you once again.  Since I was last here, the Treasury Department's Office of Terrorism & Financial Intelligence (“TFI”) has made important strides on anti-money laundering and countering the financing of terrorism (“AML/CFT”) and safeguarding the United States and international financial systems.  Today, I would like to discuss the threats to the U.S. financial system, as well as the approaches that we are taking in countering threats abroad and closer to home. 

Developments In Maritime Finance & Maritime Financial Centres

Date 14/02/2024

The maritime sector is a critical part of the global economy which facilitates up to 90% of global trade. Maritime financial centres – the clusters of interlinked businesses, organisations, and agencies that support maritime activity, are vital for national and regional economies, and drive growth and employment throughout the supply chain.

BaFin Warns Consumers About The Website capitalmgm.com

Date 14/02/2024

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website capitalmgm.com. According to information available to BaFin, the operator is providing financial and investment services on this website without the required authorisation.

Goldman Sachs Achieves Over 99% Same Day Affirmation Rate And A Significant Improvement In Settlement Rates Leveraging DTCC’s CTM Match To Instruct Workflow - Improving Affirmation Timeliness And Reducing Settlement Fails Are Key, As The Industry Sets Its Sights On A U.S. Move To T+1 In May 2024

Date 14/02/2024

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that Goldman Sachs & Co. LLC has achieved a greater than 99% same day affirmation rate and a significant improvement in settlement rates for transactions leveraging CTM’s Match to Instruct (M2i) workflow in Q4 2023. In addition, Goldman Sachs was able to achieve a 38% reduction in same-day affirmation exceptions and a 64% reduction in US settlement fails by value, when matching and affirming trades with investment manager counterparties who also use CTM’s M2i.

Fiserv Expands In-Person Bill Payment Network To NCR Atleos ATMs - Consumers Will Be Able To Pay Utility, Phone, Cable And Other Bills In Cash In Person At ATMs At Leading U.S. Retailers

Date 14/02/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology solutions, is expanding its CheckFreePay® network for in-person bill payment to include the ATM network of NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding financial access for financial institutions, retailers and consumers. Cash-preferred consumers will be able to pay a wide array of household bills simply and securely at thousands of ATM locations, including at top 10 U.S. retailers, grocery stores, convenience stores and pharmacies.

UK Financial Conduct Authority: Four Men Under Investigation On Suspicion Of Multiple Offences

Date 14/02/2024

On 1 February 2024, the FCA working with the National Crime Agency (NCA) conducted a major operation to arrest 3 London based individuals on suspicion of insider dealing, conspiracy to insider deal and money laundering linked to organised crime.

Moscow Exchange: Updated Constituents List For OFZ Zero Coupon Yield Curve To Come Into Force On 15 February 2024

Date 14/02/2024

On 15 February 2024, the following updated constituents list for OFZ Zero Coupon Yield Curve will come into force.

Solactive And Vinter Collaborate To Release Solactive Vinter Crypto Top 200 Index

Date 14/02/2024

Solactive is proud to announce its collaboration with Vinter, a crypto index provider, to launch the Solactive Vinter Crypto Top 200 Index. Vinter’s expertise in the crypto area and Solactive’s overall index expertise and flexibility come together in the new index to offer investors a measure of the performance of the cryptocurrency market’s top players.

CPMI-IOSCO Publish Discussion Paper And Call For Comments On Streamlining Variation Margin In Centrally Cleared Markets

Date 14/02/2024

• CPMI and IOSCO call for interested parties to comment on eight effective practices that address CCPs’ and clearing members’ variation margin (VM) processes and transparency.
• The effective practices cover intraday VM call scheduling and frequency, treatment of excess collateral, the pass-through of VM by CCPs and transparency between CCPs, clearing members and their clients.
• The effective practices supplement the Principles for Financial Market Infrastructures (PFMI) and CCP resilience guidance by providing examples of how these standards can be met.

FCA Stablecoin Consultation - Moody’s Analytics Commentary

Date 14/02/2024

As the FCA’s consultation on stablecoins comes to a close today, Chor Teh, Director, Director Financial Crime Compliance at Moody’s Analytics provides expert commentary on the expected outcomes: