News Centre

CFTC Charges Georgia Company And Florida Residents With Precious Metals Fraud And Misappropriation Of Nearly $900,000 - CFTC Also Charges Defendants With Engaging In Illegal, Off-Exchange Precious Metals Transactions

Date 16/07/2020

The Commodity Futures Trading Commission filed a civil enforcement action in the U.S. District Court for the Middle District of Florida against The Alista Group, LLC (Alista), owner Marvin W. Courson III, and company employees Christopher A. Kertatos and Luis M. Pineda Palacios a/k/a Luis Pineda, for fraud, engaging in illegal, off-exchange transactions in precious metals, and misappropriating $890,500 of customer funds.

Ontario Securities Commission Seeks Applications For Seniors Expert Advisory Committee

Date 16/07/2020

The Ontario Securities Commission (OSC) is seeking members for its Seniors Expert Advisory Committee (SEAC or the Committee).

Opening Statement Of CFTC Chairman Heath P. Tarbert Before The Technology Advisory Committee Meeting

Date 16/07/2020

Good morning, and thank you all for attending this Technology Advisory Committee (TAC) meeting via teleconference. I would especially like to thank Commissioner Quintenz and his staff for convening this meeting. I am also grateful to Meghan Tente, the Designated Federal Officer for the TAC, for organizing the meeting. And of course, I must thank Richard Gorelick for serving as the TAC Chair, and all the TAC members for taking the time to share your valuable perspectives.

British Columbia Securities Commission Panel Orders More Than $6 Million In Sanctions Against Richmond Residents And B.C. Companies For Ponzi Fraud And Other Wrongdoing

Date 16/07/2020

The British Columbia Securities Commission (BCSC) ordered two B.C. residents and two companies to pay a total of $6.3 million for committing fraud through a Ponzi scheme. 

ESMA Publishes Translations For Guidelines On Liquidity Stress Testing In UCITS And AIFs

Date 16/07/2020

Eurex Exchange's Quarterly Equity Derivatives Highlights - Q2/2020

Date 16/07/2020

Opening Statement Of Commissioner Brian Quintenz Before The CFTC Technology Advisory Committee

Date 16/07/2020

Good morning and welcome to our sixth meeting of the Technology Advisory Committee (TAC or Committee).  Before we begin, I would like to express my gratitude to all of the Committee and subcommittee members for so generously giving their time to participate today – especially in light of the additional challenges presented by preparing and holding this meeting remotely.

SEC, MSRB, FINRA To Hold Compliance Outreach Program For Municipal Advisors

Date 16/07/2020

The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for a virtual Compliance Outreach Program for Municipal Advisors.  The webcast program will be held Thursday, August 13, 2020, from 1 p.m. to 3 p.m. ET.  Additional information, including the agenda, is available on SEC.gov.  

CFTC Encourages Standardized Approaches To Assessing Cybersecurity Preparedness, Including The FSSCC Cybersecurity Profile

Date 16/07/2020

The Commodity Futures Trading Commission recognizes the benefits provided when private sector financial institutions regulated by CFTC use a standardized approach to assess and improve their cybersecurity preparedness.  Firms adopting a standardized approach are better able to track their progress over time, and to share information and best practices with their peers and with the CFTC.

BIS: Global Banks' Dollar Funding Needs And Central Bank Swap Lines

Date 16/07/2020

Key takeaways

• At $13 trillion, the gross dollar liabilities of banks headquartered outside the United States at end-2019 were nearly as high as before the Great Financial Crisis. Most of their dollar funding was booked outside the United States.
• We measure non-US banks' short-term dollar funding needs by comparing short-term dollar liabilities (including off-balance sheet FX swaps) with holdings of liquid dollar assets.
• The scale of the central bank swap lines are of similar magnitude to banks' short-term dollar funding needs. Swap line usage peaked in May at $449 billion and has subsided since. However, dollar funding needs of corporates may yet reveal a broader need for dollars outside the banking system.