News Centre

CFTC Charges CEO Of Managed Fund With Misappropriation, Fraud, And Making False Statements To NFA

Date 10/05/2019

The Commodity Futures Trading Commission (CFTC) announced today that it filed a civil enforcement action (Complaint) in the U.S. District Court for the Southern District of New York that charges defendant Fabio Bretas de Freitas with fraud and misappropriation in connection with commodity futures trading. Bretas de Freitas conducted his scheme through the registered commodity pool operator and commodity trading advisor Phy Capital Investments LLC, f/k/a Phynance Capital Management LLC (PCI) (Collectively defendants). The Complaint also charges Bretas de Freitas with making false statements to the National Futures Association. 

Cyber Resilience As A Global Public Good - Speech By Benoît Cœuré, Chair Of The Bank For International Settlements’ Committee On Payments And Market Infrastructures And Member Of The Executive Board Of The European Central Bank, At The G7 Conference: “Cybersecurity: Coordinating Efforts To Protect The Financial Sector In The Global Economy”, Paris, 10 May 2019

Date 10/05/2019

Thank you to the Banque de France for giving me the opportunity to speak at this conference, both as Chair of the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and as Member of the Executive Board of the European Central Bank. Since my remarks dwell on cyber resilience for financial market infrastructures, I would like to take this opportunity to pay tribute to Alberto Giovannini, who passed away two weeks ago. Alberto combined theoretical insight with a deep understanding of how financial markets work. His 2001 and 2003 reports on Cross-border Clearing and Settlement Arrangements in the EU have shaped the discussion on European post-market activities. He would have encouraged us to start our discussion from first principles and recognise cyber resilience for what it is: a global public good.

Nasdaq EVP Lars Ottersgård To Present At Barclays Americas Select Franchise Conference

Date 10/05/2019

Artemis.bm: Bermuda Stock Exchange Pushes ILS As ESG Investment Class

Date 10/05/2019

Artemis, a news, analysis and data media service, released an on-line article 10 May 2019, titled “Bermuda Stock Exchange pushes ILS as ESG investment class”. The full release from Artemis stated:

The Bermuda Stock Exchange (BSX), which houses the majority of the world’s outstanding catastrophe bond market as listings on its exchange, is pushing the insurance-linked securities (ILS) asset class as an investment with Environmental, Social and Governance (ESG) qualities.

MiFID II: ESMA Publishes Data For The Systematic Internaliser Calculations For Equity, Equity-Like Instruments And Bonds

Date 10/05/2019

The European Securities and Markets Authority (ESMA) has today published an update of systematic internaliser (SI) regime data. The updated publication covers equity, equity-like instruments and bonds.

Federal Reserve Supervision And Regulation Report

Date 10/05/2019

The report summarizes banking conditions and the Federal Reserve’s supervisory and regulatory activities, in conjunction with semiannual testimony before Congress by the Vice Chairman for Supervision.

UBS MTF Trading Notice: Double Volume Cap Update

Date 10/05/2019

Following the ESMA update published on 8 May, UBS MTF would like to inform you of the implementation of several additional double volume cap suspension changes.

Bank Of England: Minutes Of The London FXJSC Meeting - 8 February 2019

Date 10/05/2019

The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC), which is a forum for discussion of the wholesale foreign exchange market. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.

SEC Proposes Actions To Improve Cross-Border Application Of Security-Based Swap Requirements

Date 10/05/2019

The Securities and Exchange Commission today proposed a package of rule amendments and interpretive guidance to improve the framework for regulating cross-border security-based swaps transactions and market participants.

Bank Of England: Minutes Of The London FXJSC Operations Sub-Committee Meeting - 31 January 2019

Date 10/05/2019

The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC) Operations Sub-Committee. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.