News Centre

US Department Of Justice: Danske Bank Pleads Guilty To Fraud On U.S. Banks In Multi-Billion Dollar Scheme To Access The U.S. Financial System - Largest Bank In Denmark Agrees To Forfeit $2 Billion

Date 13/12/2022

Danske Bank A/S (Danske Bank), a global financial institution headquartered in Denmark, pleaded guilty today and agreed to forfeit $2 billion to resolve the United States’ investigation into Danske Bank’s fraud on U.S. banks.

ISDA-Clarus RFR Adoption Indicator: November 2022

Date 13/12/2022

The ISDA-Clarus RFR Adoption Indicator increased to 51.4% in November 2022 compared to 51.3% the prior month. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference the identified risk-free rates (RFRs) in six major currencies. On a traded notional basis, the percentage of RFR-linked IRD increased to 48.3% of total IRD transacted in November 2022 compared to 45.4% the prior month.

Nadex Amends Listing Hours For The 2022 Christmas Holiday

Date 13/12/2022

Nadex will observe the following modified holiday schedule for the week of December 26, 2022:

SEC Charges Danske Bank With Fraud For Misleading Investors About Its Anti-Money Laundering Compliance Failures In Estonia - Bank Agrees To Pay More Than $400 Million To Settle SEC Charges

Date 13/12/2022

The Securities and Exchange Commission today announced fraud charges against Danske Bank, a multinational financial services corporation headquartered in Denmark, for misleading investors about its anti-money laundering (AML) compliance program in its Estonian branch and failing to disclose the risks posed by the program’s significant deficiencies. Danske Bank agreed to pay $413 million to settle the SEC’s charges.

The Federation Of Euro-Asian Stock Exchanges holds “Capital Market Talks” Event In Cairo, Egypt

Date 13/12/2022

Today, the Federation of Euro-Asian Stock Exchanges (FEAS) holds the second “Capital Market Talks” event for FEAS Members  in Cairo, Egypt, hosted by the Egyptian Exchange.

CFTC Charges Sam Bankman-Fried, FTX Trading and Alameda With Fraud And Material Misrepresentations

Date 13/12/2022

The Commodity Futures Trading Commission today announced the filing of a complaint in the U.S. District Court for the Southern District of New York against Samuel Bankman-Fried, FTX Trading Ltd. d/b/a FTX.com (FTX), and Alameda Research LLC (Alameda). The complaint charges all three defendants with fraud and material misrepresentations in connection with the sale of digital commodities in interstate commerce. Further, the complaint asserts that defendants’ actions caused the loss of over $8 billion in FTX customer deposits. 

S&P Global Investment Manager Index™ (IMI™): US Equity Investor Sentiment Turns Sharply Lower Amid Recession Fears

Date 13/12/2022

• Risk appetite sinks to lowest since September as mood darkens among US equity investors
• Recession worries dominate, with macro environment and central bank policy again seen as the biggest drags on the market, but valuations have also now shifted to being a perceived drag as prospects worsen
• Healthcare ranked as most favored sector, real estate suffers most bearish views

BIS: Macro-Financial Stability Frameworks: Experience And Challenges

Date 13/12/2022

Summary

Focus 

The 2007–09 Great Financial Crisis underscored the rationale for macro-financial stability frameworks, in both advanced economies (AEs) and emerging market economies (EMEs). Domestically, both AE and EME central banks have increasingly adopted macroprudential tools as a complement to monetary policy to better reconcile price and financial stability over longer horizons. Externally, EME central banks have resorted to FX intervention and, occasionally, to capital flow management measures (CFMs) to address capital flow and exchange rate volatility.

Deutsche Börse Group: Business Indicators For November 2022

Date 13/12/2022

A summary of Deutsche Börse Group's business indicators for November 2022 is now available on our website:

NGX Congratulates CSCS On 25th Anniversary, Urges Increased Synergies

Date 13/12/2022

To further drive growth and development in the Nigerian capital market, Nigerian Exchange Limited (NGX or The Exchange) has urged the Central Securities and Clearing System Plc (CSCS) to further collaborate on synergistic initiatives just as it congratulated the firm on its 25th anniversary celebration.