News Centre

UK House Of Commons Treasury Select Committee Report: Regulating Crypto – Report Summary

Date 17/05/2023

Summary

So-called “cryptoassets” span a wide and rapidly evolving range of digital instruments, although the market continues to be dominated by unbacked “cryptocurrencies” such as Bitcoin and Ether that we do not consider to have any intrinsic value. Given their potential impact on the financial services landscape, we have been paying close attention to cryptoassets for many years. Our predecessor Committee published a Report in 2018 that called for greater regulation to protect consumers from an industry it described as a “wild west”. Nothing we have heard in our current inquiry has changed that impression.

Shenzhen Stock Exchange And China Electronics Corporation Signs A Strategic Cooperation Agreement To Jointly Serve The Formation Of A New Pattern Of Development And Support High-Quality Development

Date 17/05/2023

On May 15, SZSE signed a new strategic cooperation agreement with China Electronics Corporation (hereinafter referred to as “CEC”) on the basis of the deepening of strategic cooperation in all respects in 2015. SZSE’s Party Secretary and Chairman Chen Huaping and CEC’s Leading Party Group Secretary and Chairman Zeng Yi witnessed the signing of the agreement and attended the meeting.

Help Is Available For Those Who Need It, Says UK Financial Conduct Authority

Date 16/05/2023

The Financial Conduct Authority (FCA) has reminded borrowers they can get help from their lenders if they are struggling to keep up with payments, as it found the number of people struggling to meet bills and credit repayments has risen by 3.1m since May 2022 (10.9m, compared to 7.8m in May 2022). 

Cybersecurity: Protecting Investors, Digital Directors Network 2023 Conference, SEC Commissioner Jaime Lizárraga, Chicago, IL, May 16, 2023

Date 16/05/2023

Good morning. Thank you, Bob [Zukis]. It is a pleasure to be here today, and I thank the Digital Directors Network for hosting this discussion about cybersecurity. This topic is so essential for the safety and resiliency of our capital markets.

US Acting Comptroller Of The Currency Testifies On Prudential Regulation

Date 16/05/2023

Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House of Representatives’ Committee on Financial Services on the agency’s actions and responses to recent market stress and how the agency is ensuring that national banks and federal savings associations operate in a safe, sound, and fair manner.

Robert W. Cook, President And CEO, FINRA, 2023 Annual Conference Welcome Remarks

Date 16/05/2023

Thank you, Kayte [Toczylowski, FINRA’s head of Member Relations and Education], and good morning, everyone. It is so wonderful to see you. I am delighted to join Kayte in welcoming you to the 2023 FINRA Annual Conference.

Nodal Exchange And IncubEx Collaborate To Expand The Largest Suite Of Environmental Futures And Options With New REC And California Compliance Offset Contracts

Date 16/05/2023

Nodal Exchange and IncubEx announced today the pending launch of two new renewable energy certificates (REC) futures related to the PJM REC markets and a new California Compliance Offset futures contract.

First Ontario Securities Commission TestLab Report Highlights Perspectives On RegTech In Ontario’s Capital Markets

Date 16/05/2023

The Ontario Securities Commission (OSC) today published its first report on OSC TestLab, the regulator’s testing environment designed to promote innovation and modernize regulation in Ontario’s capital markets. In November 2021, businesses were invited to experiment with innovative solutions as part of focused, group testing.

Euronext Publishes Q1 2023 Results - Solid Quarter Driven By Non-Volume Business Organic Growth

Date 16/05/2023

Euronext, the leading pan-European market infrastructure, today publishes its results for the first quarter of 2023.

ETFGI Reports The ETF Industry In Canada Gathered Net Inflows Of US$1.66 Billion In April 2023

Date 16/05/2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that ETFs industry in Canada gathered net inflows of US$1.66 billion during April, bringing year-to-date net inflows to US$10.68 billion. During the month, Canadian ETF assets increased by 1.9%, from US$270 billion at the end of March to US$275 billion, according to ETFGI's April 2023 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)