News Centre

US Federal Agencies Issue Two Final Rules

Date 29/09/2020

The federal bank regulatory agencies finalized two rules, which are either identical or substantially similar to interim final rules currently in effect and issued earlier this year. They include:

• A final rule that temporarily defers appraisal and evaluation requirements for up to 120 days after the closing of certain residential and commercial real estate transactions; and
• A final rule that neutralizes—due to the lack of credit and market risk—the regulatory capital and liquidity effects for banks that participate in certain Federal Reserve liquidity facilities.

SEC Charges Swedish National With Global Scheme Defrauding Retail Investors, Including Deaf Community Members

Date 29/09/2020

The Securities and Exchange Commission today charged a Swedish national living in Thailand with conducting a multi-million dollar online offering fraud that victimized thousands of retail investors worldwide, including hundreds of investors from the Deaf, Hard of Hearing, and Hearing Loss communities.

BIS: Payment Aspects Of Financial Inclusion - Tools To Facilitate The Application Of The Guidance And Measure Progress

Date 29/09/2020

• To enhance financial inclusion from a payments perspective, it is important to accurately evaluate a country's current situation and its progress.
• The new CPMI-World Bank report helps national authorities apply the Payment aspects of financial inclusion (PAFI) guidance for expanding access to payment services.
• It includes diagnostic exercises and tools to measure, monitor and report progress in the application of the guidance.

Market-Defying Growth Surge For UK’s Gaming Sector

Date 29/09/2020

• Value of UK gaming sector to reach £10bn by 2023
• Employment to triple to over 80,000 within 5 years
• 20% YoY increase in overall job vacancies to-date
• Gaming sector made more money than video, music & film during lockdown
• Game sales increased by +218% at beginning of lockdown
• UK is the fifth largest gaming sector in world

Moscow Exchange: Risk Parameters Change On Derivatives Market

Date 29/09/2020

CCP NCC sets the following risk parameters on Derivatives market starting from 7:00 pm on October 1, 2020:

IBMR.io In Partnership With Algorand Launch The First Microequity Stock Exchange

Date 29/09/2020

The International Blockchain Monetary Reserve, IBMR, an economic development agency, today launched MESE.io, claimed to be the world's first microequity exchange. The microequity exchange was built in partnership with Algorand and ChainUP.

BME Launches A New Big Data Platform For Its TCA & Best Execution Service

Date 29/09/2020

• Big data will serve as a catalyst for significant improvements in the process and result of the TCA & Best Execution reports
• The new solution enables reduced computing time and customised MiFID II-compliant reporting

CME Group To Launch Pork Cutout Futures And Options On November 9

Date 29/09/2020

CME Group, the world's leading and most diverse derivatives marketplace, today announced it will launch Pork Cutout futures and options on November 9, 2020, pending all relevant regulatory review periods. 

ESMA Updates Regulatory Technical Standards (RTS) Under The Benchmarks Regulation (BMR)

Date 29/09/2020

The European Securities and Markets Authority, the EU’s securities markets regulator,  has published its final report containing new sets of draft regulatory technical standards (RTS) under the Benchmarks Regulation (BMR). These contain additional detailed rules to implement the European regulatory framework aimed at ensuring the accuracy and integrity of benchmarks across the European Union.

DTCC Outlines Steps To Achieve Complete Dematerialization Of Physical Securities In The U.S. - DTCC Is Building Consensus Among Stakeholders On Critical Next Steps To Fully Transition Securities Processing From Physical Certificates To Electronic Records

Date 29/09/2020

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today issued its latest whitepaper, “From Physical to Digital: Advancing the Dematerialization of U.S. Securities,” outlining the necessary steps to reduce, and ultimately eliminate, certificated U.S. securities. Dematerialization, the transition from physical certificates to electronic records, would reduce the risks and costs associated with manual processing and human touchpoints, as well as increase efficiency and resiliency across the industry at a time when automation is more important than ever. Today, less than 1% of assets serviced by DTCC, through the firm’s subsidiary The Depository Trust Company (“DTC”), are still in physical form, but they represent $780 billion dollars in value.