News Centre

CFTC Charges New York Resident With Fraud And Misappropriation In Digital Assets Trading Scheme

Date 11/04/2023

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against New York resident Rashawn Russell. The CFTC’s complaint charges Russell with fraudulently soliciting retail investors to invest in a digital asset trading fund and with misappropriating at least $1 million in investor assets.   

Sterling Trading Tech Launches Calculation Service For FINRA Member Firms To Comply With Enhanced Portfolio Margin Reporting Requirements

Date 11/04/2023

Sterling Trading Tech (STT), a leading provider of order management systems, risk and margin solutions and trading platforms to the capital markets worldwide, today announced the launch of a calculation service for FINRA member firms in response to the recently announced enhancements to the regulator’s portfolio margining requirements. These new requirements were set to go into effect April 1 of this year, which FINRA recently updated to be later in 2023.

Escaping The Data Swamp: Remarks Before The RegTech 2023 Data Summit, SEC Commissioner Hester M. Peirce, Washington D.C., April 11, 2023

Date 11/04/2023

Thank you Craig [Clay] for that introduction. Let me start by reminding you that my views are my own and not necessarily those of the Securities and Exchange Commission (“SEC”) or my fellow Commissioners. I was intrigued when former Commissioner Luis Aguilar extended a speaking invitation for today’s RegTech 2023 Data Summit. Modernizing how we collect, analyze, and facilitate the public’s use of data is important to me, and this Summit was likely to be lively given last year’s passage of the Financial Data Transparency Act (“FDTA”).

Intergovernmental Group Of Twenty-Four On International Monetary Affairs And Development

Date 11/04/2023

1. G-24 members express their condolences over the human suffering experienced from various crises globally. We recognize that these crises are stretching the capability of governments as well as humanitarian agencies to cope with the challenges, and strongly support international efforts to restore peace, stability and livelihoods.

Remarks By US Secretary Of The Treasury Janet L. Yellen At Press Conference As Part Of 2023 IMF-World Bank Annual Spring Meetings

Date 11/04/2023

Thank you all for being here. And thank you to the World Bank and IMF for hosting the Spring Meetings. I know that it will be a productive week.

US Department Of Justice: Former Investment Banker And Registered Broker Arrested For Operating Cryptocurrency Investment Fraud Scheme

Date 11/04/2023

A former investment banker, who was a registered broker with the Financial Industry Regulatory Authority, was arrested yesterday in Brooklyn, New York, on criminal charges related to his alleged role in operating a cryptocurrency investment fraud scheme.

ISDA-Clarus RFR Adoption Indicator: March 2023

Date 11/04/2023

The ISDA-Clarus RFR Adoption Indicator increased to an all-time high of 56.6% in March 2023 compared to 52.9% in February 2023. 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 eight major currencies. On a traded notional basis, the percentage of RFR-linked IRD rose to 52.3% of total IRD transacted in March 2023 compared to 49.1% the prior month.

Euronext Announces Highest Cash Volumes In A Year In March 2023

Date 11/04/2023

Euronext, the leading pan-European market infrastructure, today announced trading volumes for March 2023.

ETH Markets Lag BTC Ahead Of Shapella Upgrade - Kaiko Research: Data Debrief

Date 11/04/2023

Welcome to the Data Debrief! This morning, BTC hit $30k for the first time since June 2022. Also, peer-to-peer exchange Paxful announced that it would be suspending operations, U.S. job openings hit a two-year low, and the U.S. Treasury released a report on illicit finance risks in DeFi. 

IMF Executive Board Concludes Review Of The Implementation Of The Framework For Enhanced Engagement On Governance

Date 11/04/2023

• This Review provides an in-depth stocktaking of the Fund’s engagement on governance and corruption since the adoption of the Fund’s ‘Framework for Enhanced Engagement on Governance’ adopted by the Executive Board in April 2018 (‘the 2018 Framework’).
• The Review papers find that Fund engagement with member countries on governance and corruption has been broadly systematic, candid, effective, and evenhanded, in line with the objectives of the 2018 Framework.
• The Review papers also provide concrete proposals to strengthen engagement in these areas, guided by macro-criticality and core expertise of the Fund.