News Centre

EBA Makes Changes To Its Q&A Tool

Date 17/06/2020

The European Banking Authority (EBA) has expanded the scope of its Questions and Answers (Q&A) process and tool to enable the submission of questions on the Anti-Money-Laundering Directive and Consumer Protection legislation under the EBA’s scope. Going forward, submitted questions, subject to meeting the prescribed criteria, will be published on the EBA website while their answers are being prepared. The EBA has also made some changes to expand and update its online Interactive Single Rulebook.

CFTC: Federal Court Orders Alabama Man To Pay $755,000 For Binary Options Fraud

Date 17/06/2020

The Commodity Futures Trading Commission today announced that the U.S. District Court for the Northern District of Alabama issued an order granting a permanent injunction against Aaron B. Butler, a former resident of Muscle Shoals, Alabama, and requiring him to pay a combined $755,000 in restitution and civil monetary penalty for violations of the Commodity Exchange Act and CFTC regulations. The order also imposes permanent trading and registration bans on Butler, among other injunctive relief.

Duff & Phelps Comment: UK Financial Conduct Authority Fines Commerzbank London £37,805,400 Over Anti-Money Laundering Failures

Date 17/06/2020

Following the big fine from the FCA to Commerzbank earlier today, Nick Bayley, Managing Director and Head of UK Regulatory Consulting at Duff & Phelps said:

“This action by the FCA reinforces the level of work required by firms to meet their AML obligations. The UK regulator’s continued concern about firms’ money laundering control is a focus we see mirrored across all the other major financial centres in the world.”

ESMA Publishes Example Of An Annual Financial Report In ESEF Format

Date 17/06/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes on its website an example of an annual financial report which is prepared in the new European Single Electronic Format (ESEF).

IFC – World Bank Group And African Development Bank Join Nasdaq Sustainable Bond Network

Date 17/06/2020

• The organizations are among world’s largest issuers of social bonds
• 4,000+ bonds from 40+ issuers now part of platform designed to improve sustainable bond transparency

Eurex MSCI Derivatives: More Than 945,000 Contracts Traded Past Two Days

Date 17/06/2020

Euronext Launches Suite Of ESG Products And Services To Empower Sustainable Growth

Date 17/06/2020

• Introducing the new Euronext ESG 80 index and derivatives
• Aligning Europe’s leading Low Carbon 100 index to the Paris Agreement
• Expanding Euronext ESG bonds offering
• Launching new ESG services and solutions for listed companies
• Endorsing the UN Global Compact’s Ocean principles

BTSE And Bitfinex Announce Token Cross-Listing To Enable High-Speed, Inter-Exchange Settlement For Traders

Date 17/06/2020

BTSE, a leading financial technology exchange and Bitfinex, a state-of-the-art digital asset trading platform, have announced a cross-listing of the BTSE and UNUS SED LEO utility tokens in a move that will increase inter-exchange settlement functionalities on both platforms. 

BIS: The Fiscal Response To The Covid-19 Crisis In Advanced And Emerging Market Economies

Date 17/06/2020

Key takeaways

• The fiscal policy response to the Covid-19 crisis has been swift and strong, in tandem with monetary policy. Advanced economies (AEs) have deployed a much larger fiscal response than emerging market economies (EMEs).
• The lower incidence of the pandemic in EMEs does not fully explain the difference. A narrower fiscal policy space in EMEs, further reduced by the tightening of their financing conditions induced by the pandemic shock, has constrained their fiscal response.
• The size and composition of the fiscal response also depend on other factors such as the level of income and the strength of the social safety nets and automatic stabilisers.

Swiss Stock Exchange - Trading InfoSnack: Back To The Future(s)

Date 17/06/2020

The latest thought-leadership article by the Equity experts of the Swiss Stock Exchange explores the interconnectedness of cash and futures markets.