News Centre

ASIC Suspends FTX Australia’s AFS Licence

Date 15/11/2022

ASIC has suspended the Australian financial services licence of FTX Australia Pty Ltd (AFS licence 323193) until 15 May 2023 after it was placed into voluntary administration on 11 November 2022.

BeZero Carbon Wins FIA's 2022 Innovator Of The Year

Date 15/11/2022

FIA announced today that BeZero Carbon has been named the FIA Innovator of the Year. In addition, Clouty was named the runner-up, and Kemet Trading won the People’s Choice Award. 

US Acting Comptroller Of The Currency Testifies On Regulatory Priorities

Date 15/11/2022

Acting Comptroller of the Currency Michael J. Hsu today testified at a hearing before the U.S. Senate Committee on Banking, Housing and Urban Affairs. 

Financial Trades Call For Accessible, Functional And Simple Cyber Incident Reporting Rules

Date 15/11/2022

The Bank Policy Institute, American Bankers Association, Institute of International Bankers and the Securities Industry and Financial Markets Association responded late yesterday to a Cybersecurity and Infrastructure Security Agency (CISA) request for information on new cyber incident reporting requirements, established by the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA). The associations urged CISA to prioritize reporting requirements that are accessible, functional and simple and to carefully weigh the type and volume of data collected so that it remains useful to prevent systemic vulnerabilities and combat bad actors.

SEC Announces Enforcement Results For FY22 - Commission Filed 760 Enforcement Actions And Recovered Record $6.4 Billion In Penalties And Disgorgement On Behalf Of Investing Public

Date 15/11/2022

The Securities and Exchange Commission today announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or "stand alone," enforcement actions, a 6.5 percent increase over fiscal year 2021; 129 actions against issuers who were allegedly delinquent in making required filings with the SEC; and 169 "follow-on" administrative proceedings seeking to bar or suspend individuals from certain functions in the securities markets based on criminal convictions, civil injunctions, or other orders. The SEC’s stand-alone enforcement actions in fiscal year 2022 ran the gamut of conduct, from "first-of-their-kind" actions to cases charging traditional securities law violations.

BIS: Population Aging And Bank Risk-Taking

Date 15/11/2022

Summary

Focus 

Advanced economies face an unprecedented rise in the population of older adults. Their high savings rate might lead to an abundance of savings and depressed returns, thereby potentially encouraging banks to reach for yield. Our paper investigates the consequences of population ageing for bank risk-taking and financial stability.

EBA Consults On Guidelines To Institutions And Resolution Authorities On Resolvability Testing

Date 15/11/2022

The European Banking Authority (EBA) today launched a public consultation on its draft Guidelines addressed to institutions and resolution authorities on resolvability testing. The Guidelines aim to set-out a framework to ensure that resolvability capabilities developed to comply with the resolvability and transferability Guidelines are fit for purpose and effectively maintained. The consultation runs until 15 February 2023. 

Chinese Company Hangzhou GreatStar Industrial Lists Its GDRs On SIX Swiss Exchange

Date 15/11/2022

Today, Hangzhou GreatStar Industrial Co., Ltd., Hangzhou (PRC) (Ticker "GSI") becomes the eighth company to list Global Depository Receipts (GDRs) on SIX Swiss Exchange.

Vojtěch Belling Appointed Vice Chair Of ESMA

Date 15/11/2022

The Board of Supervisors of the European Securities and Markets Authority (ESMA) has appointed Vojtěch Belling as its Vice Chair. Mr Belling, who is the Executive Director of the Financial Market Regulation and International Cooperation Department of the Czech National Bank (CNB), will serve the remainder of the ongoing two-and-a-half-year Vice-Chair term from 21 November 2022, until 15 June 2024.

New S&P Global Market Intelligence Global Survey Finds Stark Contrast Between European And US Financial Regulation Readiness

Date 15/11/2022

While the importance of global regulatory reporting continues to increase, there is a noticeable contrast between readiness across geographies, according to the S&P Global Market Intelligence Global Regulatory Reporting Survey, published today.