News Centre

CFTC: Federal Court Orders Florida Man And His Company To Pay Over $102 Million In Restitution And Penalties For Forex Fraud

Date 20/12/2023

The Commodity Futures Trading Commission today announced Judge Carlos E. Mendoza of the U.S. District Court for the Middle District of Florida issued a default judgment granting a permanent injunction and imposing monetary sanctions against Florida resident Avinash Singh and his company, Highrise Advantage, LLC. The order resolves a civil enforcement action the CFTC brought on September 9, 2020, against Singh, Highrise, and eight other defendants in a multi-level, multi-million dollar off-exchange foreign currency (forex) scheme. [See CFTC Press Release No. 8246-20] (The case was amended on February 4, 2021 to add new facts learned about the extent of the fraud and an additional fraud charge.)

Nasdaq Iceland Announces Semi-Annual Changes And Expansion To Leading Index

Date 20/12/2023

Nasdaq (Nasdaq: NDAQ) today announced the results of the semi-annual reconstitution and the expansion of Nasdaq Iceland’s leading Index, OMX Iceland 10™ (OMXI10™), from ten to a maximum of fifteen constituents. The constituent changes as well as the Index name and symbol will be updated to OMX Iceland 15™ Index (OMX Iceland: OMXI15™) prior to market open on January 2, 2024.

MTN, CardinalStone, VFD Group Recognised At NGX Made Of Africa Awards

Date 20/12/2023

MTN Nigeria Communications Plc, VFD Group Plc, CardinalStone Securities and Chapel Hill Denham were big winners at the just concluded Made of Africa Awards organized by Nigerian Exchange Limited (NGX).  

Nodal Exchange Announces Launch Of Solar Peak Power Futures Contracts

Date 20/12/2023

Nodal Exchange announces the launch of 23 new solar peak futures contracts. These contracts are available for trading today. The new products, created in response to customer feedback, enable more precise risk management as solar generation plays an increasingly significant role in the evolving energy landscape.

BIS: The Contribution Of Monetary Policy To Disinflation

Date 20/12/2023

Key takeaways

• Much of the inflation increase in 2021 and 2022 was due to sectoral shocks on which monetary policy has close to no traction. What monetary policy can do, or fail to do, is to ensure that the effects of these shocks dissipate swiftly.
• We argue that, absent the somewhat delayed but vigorous increases in policy interest rates since 2022, inflation would have subsided more slowly in 2023.
• Central banks' most important contribution to inflation is to demonstrate commitment to achieving their targets and ensuring that low inflation remains the norm for price- and wage-setting decisions.

cryptocurrencyexz.com: BaFin Investigates The Company CryptoCurrency

Date 20/12/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the CryptoCurrency online trading platform. According to information available to BaFin, the website operator is offering financial services on its website cryptocurrencyexz.com without the required authorisation. The company is not supervised by BaFin.

BIS: Monetary Policy Frameworks Away From The ELB

Date 20/12/2023

In 2020 and 2021, the Federal Reserve, the European Central Bank and the Bank of Canada completed comprehensive reviews of their monetary policy frameworks. These reviews were largely motivated by the need to provide sufficient monetary stimulus to avoid or exit effective lower bound (ELB) periods, against the backdrop of a flat Phillips curve. Soon after their adoption, these revised frameworks were vigorously tested by the post-pandemic inflation surge. How did the frameworks perform during the inflation surge? And are they fit for the challenges ahead?

Spanish Financial Markets Leave 2023 Behind With Higher Shareholder Remuneration, An Upward IBEX 35® And 10 Stock Market Debuts

Date 20/12/2023

• Dividend payments by listed companies on the Spanish stock exchange rose by 18.8% to 27.4 billion euros through November
• BME Growth closes the year with ten new incorporations, while the new BME Scaleup marketplace now has a dozen registered advisers
• In sustainability, the IBEX® ESG family is launched and 14,000 million euros in ESG issues are admitted for trading on BME's markets during the year
• Number of traded equity futures contracts grows 58%, while BME Clearing launches new Digital Asset derivatives Segment

Response To The Remit For The Financial Policy Committee - December 2023, Letter From The Bank Of England Governor To The UK Chancellor

Date 20/12/2023

Remit response letterOpens in a new window

ESAs Propose Extending The EMIR Equity Option Exemption

Date 20/12/2023

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today the joint draft regulatory technical standards (RTS) under the European Market Infrastructure Regulation (EMIR) where they are proposing a two-year extension to the equity option exemption from bilateral margining, as well as issue a no-action opinion.