News Centre

SEC: Hedge Fund Adviser To Pay $5 Million For Compliance Failures Related To Valuation Of Fund Assets

Date 04/06/2019

The Securities and Exchange Commission today announced that a private fund manager in the mortgage-backed securities space has agreed to pay a $5 million penalty to settle charges stemming from compliance deficiencies that contributed to the firm’s failure to ensure that certain securities in its flagship fund were valued properly.

The World Federation Of Exchanges’ Statement On Promoting Financial Stability And Growth Through International Regulatory Coherence - WFE Statement Comes As G20 Finance Ministers Meet In Japan To Discuss Market Fragmentation

Date 04/06/2019

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has today published a statement entitled ‘Financial Stability through International Regulatory Coherence’ which discusses cross-border fragmentation arising from unjustified dissonance between jurisdictions’ financial services regimes.

U.S. Congress Must Stop Export-Import Bank From Financing Fossil Fuel Projects Abroad

Date 04/06/2019

The House Financial Services Committee today held a hearing on the reauthorization of the Export-Import Bank, the U.S. government’s official export credit agency. If reauthorization is approved by Congress, the Ex-Im Bank could provide tens of billions of dollars in financing for climate-damaging fossil fuel projects around the world.

Purdue University/CME Group Ag Economy Barometer: Farmer Sentiment Hits Lowest Level In Over Two Years

Date 04/06/2019

Ag producer sentiment dropped to its lowest level since October 2016, erasing all improvements recorded following the November 2016 election. The Purdue University/CME Group Ag Economy Barometer, based on a mid-month survey of 400 agricultural producers across the U.S., declined 14 points in May to a reading of 101, down from 115 in April.

UK FinTechs Are Most Likely To Shake Up The AML Status Quo, According To New Research From LexisNexis Risk Solutions

Date 04/06/2019

New research from LexisNexis Risk Solutions examines fintech companies’ view of the UK’s anti-money laundering regime

• Almost half of UK fintech companies are not confident the current UK regulatory framework for fighting money laundering is effective, with 12% regarding it as not at all effective

• Above all, UK fintechs are calling for greater use of advanced analytics and emerging technologies to improve the fight against money laundering in the UK

• Over half (53%) of fintechs view the lack of information sharing between regulated industries as the biggest external barrier to effective AML controls

• Tackling complacency towards money laundering within their organisations and raising awareness of the threat to business will be key in fintechs’ fight against financial crime

FSB Publishes Report On Market Fragmentation

Date 04/06/2019

The Financial Stability Board (FSB) today published a report on market fragmentation and identified several areas for further work to address it. The report was delivered to G20 Finance Ministers and Central Bank Governors ahead of their meetings in Fukuoka on 8-9 June.

Bank Of England: Minutes Of The Meeting Of The Court Of Directors Held On 8 April 2019

Date 04/06/2019

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.

With More Than 250 TWh Traded In May, PEGAS Scores A New Volume Record

Date 04/06/2019

PEGAS, the pan-European gas trading platform operated by Powernext, registered in May 2019 the highest total volume ever traded on the platform: 254.3 TWh. The previous record dates back February 2016 when 228.4 TWh were traded. 

CME Group Reaches Second-Highest Monthly Volume Ever, Averaging 23.9 Million Contracts Per Day In May 2019

Date 04/06/2019

• Record Non-U.S. average daily volume of 5.9 million contracts
• Second-highest options monthly average daily volume of 5 million contracts
• Record open interest surpassing 143 million contracts

EEX Trading Results: May 2019

Date 04/06/2019

Power Derivatives

In May 2019, the European Energy Exchange (EEX) significantly increased trading in Austrian power futures, achieving a volume of 862,481 MWh (May 2018: 52,486 MWh) and thereby completing the shift in liquidity from the former combined DE/AT contract to the current individual DE and AT contracts. In addition, the Central- and South-Eastern European power derivatives markets also saw a strong upswing, increasing volumes by 62% to 15.9 TWh (May 2018: 9.8 TWh).  In total, EEX reached a volume of 269.4 TWh on its power derivatives markets (May 2018: 306.9 TWh). The decline is mainly driven by decreased trading volumes in power options trading.