News Centre

Dissenting Statement Of CFTC Commissioner Caroline D. Pham On Misappropriation Theory In Derivatives Markets

Date 27/09/2023

I respectfully dissent from the consent order in CFTC v. Xie,[1] because it has a material omission of the applicable legal precedent.  The consent order inexplicably omits the only court opinion on the misappropriation theory of liability for this violation under section 6(c)(1) of the Commodity Exchange Act (CEA) and CFTC Rule 180.1.  I believe that it is most appropriate to allege “misappropriation of confidential information in breach of a pre-existing duty of trust and confidence to the source of the information,” and not use the term “material non-public information,” which is a term of art under U.S. securities laws and regulations.

CFTC: Federal Court Orders Chinese National To Pay More Than $350,000 For Fraudulent Scheme To Trade Against Employer

Date 27/09/2023

The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered a consent order on September 26 imposing a permanent injunction, disgorgement, and civil monetary penalty against Dichao Xie, a resident of China.

BIS: CBDC And The Operational Framework Of Monetary Policy

Date 27/09/2023

What effect would a retail central bank digital currency (CBDC) have on monetary policy implementation in the euro area, and how would this shape the macroeconomic effects of a CBDC? The introduction of a CBDC could affect the operational framework of monetary policy and the conditions in interbank markets if it brings about a sufficiently large decrease in excess reserves due to the reduction in bank deposits. This, in turn, could have important macroeconomic implications, both in the long run and during the CBDC adoption phase.

CFTC Commissioner Pham To Keynote At The North American Millers’ Association 2023 Annual Meeting

Date 27/09/2023

SEC Charges Corporate Insiders For Failing To Timely Report Transactions And Holdings - Several Issuers Charged As Well In Connection With Their Insiders’ Reporting Failures

Date 27/09/2023

The Securities and Exchange Commission today announced charges against six officers, directors, and major shareholders of public companies for failing to timely report information about their holdings and transactions in company stock. Five publicly-traded companies were also charged for contributing to the filing failures by insiders or failing to report their insiders’ filing delinquencies.

Inspire Brands Streamlines Omnichannel Commerce Across North American Restaurants Via Expanded Fiserv Relationship - Relationship Will Drive Unified Customer Experiences And Operational Efficiency Across U.S. Company-Owned And Franchised Locations

Date 27/09/2023

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced an expansion of its relationship with Inspire Brands, a multi-brand restaurant company whose portfolio includes more than 32,000 restaurants worldwide.

DTCC Appoints Brian Steele President Of Clearing & Securities Services - Steele Brings Nearly Two Decades Of Experience In Clearance, Settlement, Middle Office Operations, Digital Transformation And Client Engagement To DTCC

Date 27/09/2023

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Brian Steele as Managing Director, President, Clearing & Securities Services, effective October 2, 2023. Steele will join the DTCC Management Committee, Management Risk Committee and the Investment Management Committee. Steele will also become Chair of the ITP Board of Managers. 

CME Group To Launch Micro Henry Hub Futures And Options On November 6

Date 27/09/2023

CME Group, the world's leading derivatives marketplace, today announced that it will launch Micro Henry Hub futures and options on November 6, pending all relevant regulatory reviews. These new micro contracts will be one-tenth the size of the company's benchmark Henry Hub futures and options and cash-settled.

Tehran Stock Exchange Weekly Market Review - 23 September 2023 To 27 September 2023

Date 27/09/2023

Click here to download Tehran Stock Exchange's weekly market review.

UK Prudential Regulation Authority: Timings Of Basel 3.1 Implementation In The UK

Date 27/09/2023

In November 2022, the Prudential Regulation Authority (PRA) published consultation paper (CP) 16/22 – Implementation of the Basel 3.1 standards, setting out proposals for PRA rules covering the remaining elements of the Basel III standards that are yet to be implemented in the UK. The consultation period ended on 31 March 2023. Since then, we have been considering the feedback we have received.