News Centre

SEC Charges Crypto Trading Platform Beaxy And Its Executives For Operating An Unregistered Exchange, Broker, And Clearing Agency - Market Makers Separately Charged As Unregistered Dealers

Date 29/03/2023

The Securities and Exchange Commission today charged the crypto asset trading platform beaxy.com (the Beaxy Platform) and its executives for failing to register as a national securities exchange, broker, and clearing agency. The SEC also charged the founder of the platform, Artak Hamazaspyan, and a company he controlled, Beaxy Digital, Ltd., with raising $8 million in an unregistered offering of the Beaxy token (BXY) and alleged that Hamazaspyan misappropriated at least $900,000 for personal use, including gambling. Finally, the SEC charged market makers operating on the Beaxy Platform as unregistered dealers.

Global Action To Enhance Cross-Border Payments − Remarks By Victoria Cleland, Bank Of England, Executive Director For Banking, Payments And Innovation, Given At The Silk Road Cash & Payments Conference

Date 29/03/2023

Victoria delivered a virtual presentationOpens in a new window at The Silk Road Cash & Payments Conference on 29 March 2023. She spoke about the importance of enhancing cross-border payments and emphasised the need for global collaboration across the public and private sectors to achieving this goal.

Testimony Of US Under Secretary For Domestic Finance Nellie Liang Before The Committee On Financial Services, U.S. House

Date 29/03/2023

Chairman McHenry, Ranking Member Waters, and other members of the Committee, thank you for inviting me to testify today.  

I have had the opportunity to speak with committee members several times in recent days to share updates from Treasury regarding current events. In light of that, I will keep my introductory remarks brief.

Testimony Of US Secretary Of The Treasury Janet L. Yellen Before The State, Foreign Operations, And Related Programs Appropriations Subcommittee, U.S. House

Date 29/03/2023

Chairman Diaz-Balart and Congresswoman Meng: thank you for inviting me to join you today. I would also like to thank you for your leadership and support of the Treasury Department’s international programs.

DTCC Announces Executive Leadership Team Appointments

Date 29/03/2023

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced several key leadership appointments that become effective on April 10, 2023. These leaders will report to Francis (Frank) La Salla, DTCC’s President and Chief Executive Officer, and serve on the company’s Management Committee.

Bank Of England: Financial Policy Summary And Record - March 2023

Date 29/03/2023

The Financial Policy Committee (FPC) works to ensure the UK has a stable financial system. This means households and businesses can make payments, manage their savings, borrow money, and guard against risks.

ESMA Withdraws The CRA Registration Of Scope Hamburg GmbH

Date 29/03/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has withdrawn the credit rating agency (CRA) registration of Scope Hamburg GmbH at the express request of the CRA.

Brief Remarks, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The National Community Reinvestment Coalition Just Economy Conference, Washington, D.C. (Via Prerecorded Video)

Date 29/03/2023

Good morning. Thank you to the National Community Reinvestment Coalition (NCRC) for the invitation to speak with you today. I regret that I cannot be there in person, but I can imagine the energy and excitement in a room full of so many dedicated community development professionals. I appreciate all the work that NCRC members and partner organizations do to advance economic opportunities for people and communities throughout the country, and the role you play in helping to inform public policy. For these brief remarks, I was asked to share my thoughts on the Community Reinvestment Act (CRA), a topic of great interest to all of you and to me as well.

iDenfy’s New Partnership With Fincapital Partners: Increased Security Through KYC/AML Tools - Fincapital Partners Will Use iDenfy’s ID Verification, AML Screening, And Address Verification Tools

Date 29/03/2023

iDenfy, a Lithuania-based RegTech offering ID verification and fraud prevention tools, announced joining forces with Fincapital Partners, a fintech offering a suite of tools from trading and crypto exchanges to banking services. From now on, iDenfy will provide a smooth onboarding process for the financial business while ensuring KYC/AML compliance.

Reforming Our Capital Markets Ecosystem - Speech By Nikhil Rathi, UK Financial Conduct Authority Chief Executive Delivered At The Global Investment Management Summit

Date 29/03/2023

Highlights

• The FCA set out proposals to reform the UK framework for asset management to ensure its proportionality, continued alignment to high global standards and to better support innovation.
• Proposed ESG labelling regime for investment products will build trust in the growing sustainable investment category. 
• While recognising that regulation is only one element to encouraging firms to list in the UK, the FCA will always play a full part and is open-minded about reform.