News Centre

US Office Of The Comptroller Of The Currency Releases CRA Evaluations For 19 National Banks And Federal Savings Associations

Date 03/07/2023

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of June 1, 2023, through June 30, 2023. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

NGX, CIS, Stakeholders Honour Subomi Balogun ...Describes Him As A Market Colossus

Date 03/07/2023

Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders on Monday held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, FCS, CON, the founder of FCMB Group.

IOSCO Statement On Alternatives To USD Libor

Date 03/07/2023

The Board of the International Organization of Securities Commissions (IOSCO) has concluded its Review of Alternatives to USD Libor (Review), which assessed the extent to which four benchmarks developed as potential substitutes for USD LIBOR – two credit sensitive rates (CSRs) and two Term SOFR rates – have implemented IOSCO’s 2013 Principles for Financial Benchmarks (IOSCO Principles) in the areas of benchmark design (Principle 6), data sufficiency (Principle 7) and transparency (Principle 9). IOSCO used the Federal Reserve Bank of New York-administered Secured Overnight Financing Rate (SOFR) as a comparator. IOSCO identified varying degrees of vulnerability of concern with each rate’s implementation of the Principles in scope, as compared to SOFR, along with areas for improvement.

NSE Indices Fixed Income Index Dashboard For The Month Ended June 2023

Date 03/07/2023

Click here to download  the ' Fixed Income Index Dashboard' for the month ended June 2023. 

ISDA Responds To UK Government HM Treasury Consultation On ESG Ratings Providers

Date 03/07/2023

On June 30, ISDA and the Association for Financial Markets in Europe (AFME) submitted a joint response to His Majesty’s Treasury (HMT) consultation on the future regulatory regime for environmental, social and governance (ESG) ratings providers. The associations support the introduction of regulation for ESG ratings providers – in particular, the need for greater transparency in methodologies, sufficient resources and expertise within providers, stronger governance and addressing conflicts of interest. The associations welcome the indication from the UK Financial Conduct Authority that its regulatory approach would take the main elements of the International Organization of Securities Commissions’ recommendations as a staring point for the rules.

Statement Of CFTC Commissioner Kristin N. Johnson Regarding CFTC Settlement With First State Depository Company, LLC And Argent Asset Group LLC For Precious Metals Fraud

Date 03/07/2023

Today, the Commodity Futures Trading Commission (CFTC or Commission) filed a Consent Order for Permanent Injunction, Civil Monetary Penalty, and Other Equitable Relief Against Settling Defendants in the U.S. District Court for the District of Delaware against First State Depository Company, LLC (FSD) and Argent Asset Group LLC (Argent, and together with FSD, Settling Defendants), resolving an action initially filed on September 27, 2022, charging the Settling Defendants and their owner, Robert Leroy Higgins (together with the Settling Defendants, Defendants), with engaging in a fraudulent and deceptive scheme in connection with the purchase and sale of precious metals. The CFTC’s complaint alleged that the Defendants operated fraudulent silver leasing programs referred to as the “Maximus Program” and the “Silver Lease Program,” through which they fraudulently solicited and misappropriated at least $7 million in funds and silver from at least 200 customers.  FSD purported to be a “private depository” that would store customer metals.  Argent was engaged in the business of buying, selling, and leasing precious metals.

CFTC: Federal Court Orders Two Delaware Companies To Pay Nearly $146 Million For Misappropriation And Fraud Related To A Precious Metals Scheme - Court Also Enters Judgment Against The Owner Of The Companies

Date 03/07/2023

The Commodity Futures Trading Commission today announced that Judge Richard G. Andrews of the U.S. District Court for the District of Delaware entered a consent order against Argent Asset Group LLC (Argent) and First State Depository Company, LLC (FSD) on June 20. In addition, on June 30, the court entered an order of default judgment and permanent injunction against Robert Higgins (Higgins).

Statistics From Nasdaq Nordic Exchange June 2023

Date 03/07/2023

Monthly statistics including stock and derivative statistics;

• Volumes and Market cap
• Most traded companies
• Most active members

SIX Exchanges Figures June 2023

Date 03/07/2023

SIX publishes the monthly key figures of SIX Swiss Exchange and BME Exchange on trading and listing activities in Switzerland and Spain.

BIS: Global Public Goods, Fiscal Policy Coordination, And Welfare In The World Economy

Date 03/07/2023

Summary

Focus

The Covid-19 pandemic made it clear that, in today's globalised world, national borders cannot stop the propagation of viruses and communicable diseases. Compelling evidence also suggests that the rate of emergence of new diseases is accelerating, and that their adverse effects may increase significantly in the future. Observers have therefore advocated the implementation of a global strategy to address these potential risks.