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  • CFTC Orders Minnesota Registrant To Pay $550,000 For Cross-Product, Cross-Calendar, And Single-Product Spoofing In Soybean Complex Futures

    Date 12/12/2022

    The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Walleye Capital LLC (Walleye), a CFTC-registered commodity pool operator (CPO) and commodity trading advisor (CTA), headquartered in Minnesota, for spoofing by a former trader in soybean futures, soybean meal futures, and soybean oil futures on the Chicago Board of Trade (CBOT), a futures exchange and designated contract market owned and operated by the CME Group Inc. (CME Group).

  • SIFMA Statement On Department Of Labor Worker Classification Proposal

    Date 12/12/2022

    SIFMA today filed a comment letter on the Department of Labor’s proposal to modify Wage and Hour Division regulations to revise its analysis for determining employee or independent contractor classification under the Fair Labors Standards Act (FLSA). The letter notes the proposal could benefit from some improvement to best serve the public interest.

  • CFTC Swaps Report Update

    Date 12/12/2022

    CFTC's Weekly Swaps Report has been updated, and is now available.

  • SEC Awards More Than $20 Million To Whistleblower

    Date 12/12/2022

    The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new information, met with Enforcement Division staff multiple times, and remained cooperative throughout the investigation.  

  • US Office Of The Comptroller Of The Currency Reports Third Quarter 2022 Bank Trading Revenue

    Date 12/12/2022

    The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $12.7 billion in the third quarter of 2022. The third quarter trading revenue was $2.4 billion, or 22.9 percent, more than in the previous quarter and $5.8 billion, or 84.1 percent, more than in the third quarter of 2021.

  • Canadian Securities Administrators Provides Update To Crypto Trading Platforms Operating In Canada

    Date 12/12/2022

    Following recent events in the crypto market, the Canadian Securities Administrators (CSA) is strengthening its approach to oversight of crypto trading platforms by expanding existing requirements for platforms operating in Canada.

  • ISDA derivatiViews: A UK Slant On Basel III

    Date 12/12/2022

    Over the coming years, the final parts of the Basel III framework will be implemented around the world, completing an important phase of the post-crisis financial regulatory reforms. At the end of last month, we got a sense of how the UK intends to implement the rules when the Prudential Regulation Authority (PRA) published legislative proposals, just over a year after the European Commission (EC) came out with its own proposals in October 2021. The PRA has opted to stay fairly close to the Basel standards, but it has proposed some targeted changes that it says would better capture risk and support the competitiveness of the UK.

  • FSB Middle East And North Africa Group Discusses Financial Stability Outlook And Cross-Border Payments

    Date 12/12/2022

    The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Middle East and North Africa (MENA) met today in virtual format.

  • Cboe Global Markets Announces Date Of Fourth-Quarter 2022 Earnings Release And Conference Call

    Date 12/12/2022

    Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today said it will announce its financial results for the fourth quarter of 2022 before the market opens on Friday, February 3, 2023. A conference call with remarks by the company's senior management will begin at 7:30 a.m. CT (8:30 a.m. ET).

  • EBA Issues Revised List Of ITS Validation Rules

    Date 12/12/2022

    The European Banking Authority (EBA) today issued a revised list of validation rules for its reporting standards (Implementing Technical Standards, Regulatory Technical Standards and Guidelines), highlighting those which have been deactivated either for incorrectness or for triggering IT problems. Competent Authorities throughout the EU are informed that data submitted in accordance with these reporting standards should not be formally validated against the set of deactivated rules.