FTSE Mondo Visione Exchanges Index:
News Centre
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Date 23/04/2024
Q1/2024: Deutsche Börse Group Starts The Financial Year 2024 As Planned With Further Considerable Growth
Deutsche Börse Group has just published its quarterly statement Q1/2024. Please scroll down for the link to the entire report.
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Date 23/04/2024
Statement Of CFTC Commissioner Caroline D. Pham In Support Of Swap Execution Facilities (SEF) Confirmation Requirements Final Rule
I support the Final Rule on Swap Confirmation Requirements for Swap Execution Facilities (SEF Confirmation Final Rule) because it resolves the temporal impossibility of requiring SEF confirmations at the time of execution for block trades, which are in fact executed away from the SEF and then submitted to the SEF afterwards. I would like to thank Roger Smith, Nora Flood, and Vince McGonagle in the Division of Market Oversight for their work on the SEF Confirmation Final Rule.
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Date 23/04/2024
Statement Of CFTC Commissioner Summer K. Mersinger In Support Of Final Rulemaking On Confirmation Requirements For Swap Execution Facilities
Workable rules are essential to maintain the confidence of the American public in the integrity of our derivatives markets. So, when we become aware that our rules are not as workable as we thought, or impose substantial operational burdens with little corresponding regulatory benefit, we should address these shortcomings promptly. Unfortunately, though, the Commission sometimes chooses to “kick the can down the road” by relying on staff no-action letters instead – often for many years – without tackling the root cause of the problem in the rule itself.
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Date 23/04/2024
Statement Of CFTC Chairman Rostin Behnam Regarding The CFTC’s Final Rule On Swap Confirmation Requirements For SEFs
I am very pleased that the Commission voted to finalize necessary amendments to the Commission’s regulations addressing longstanding issues with the uncleared swap confirmation requirements under Rule 37.6(b). During the initial implementation of part 37, SEFs informed the CFTC that the confirmation requirement for uncleared swaps was operationally and technologically difficult and impractical to implement. In light of these challenges, the Division of Market Oversight provided targeted no-action positions for SEFs with respect to certain provisions of Commission regulations throughout the last decade.
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Date 23/04/2024
CFTC Statement Of Commissioner Kristin N. Johnson Regarding Final Rulemaking On Swap Confirmation Requirements For Swap Execution Facilities
An essential component of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) is its framework for the regulation of swaps, including central clearing and trade execution requirements, registration and comprehensive regulation of swap dealers, and recordkeeping and reporting requirements.
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Date 23/04/2024
SIFMA Statement On The Final DOL Fiduciary Rule
SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. regarding the final Department of Labor (DOL) fiduciary rule:
“We are closely examining the details of the final rule released today. As proposed, the rule conflicted with existing federal securities regulation – specifically Regulation Best Interest – and would likely limit investors’ access to advice and education. Stakeholders have been quite explicit on the need to address these conflicts and we will be reviewing the conflict-related text as well as other relevant text on the material flaws we raised in our comments.”
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Date 23/04/2024
CFTC Approves Final Rules On Swap Confirmation Requirements For SEFs
The Commodity Futures Trading Commission (CFTC) approved final rules to amend its swap execution facility (SEF) regulations related to uncleared swap confirmations to address issues which have been addressed in CFTC staff no-action letters, including the most recent CFTC No Action Letter No. 17-17, as well as associated conforming and technical changes.
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Date 23/04/2024
Private Equity Financing − Speech By Rebecca Jackson, Bank Of England Executive Director, Authorisations, Regulatory Technology And International Supervision, Given At UK Finance
The private equity market has grown considerably over the past decade, and with it, Banks’ exposures to the sector have also grown considerably. The PRA recently concluded a thematic review of firms’ private equity financing risk management frameworks. In this speech, Rebecca Jackson sets out the review’s findings, and highlights a number of gaps in firms’ risk management frameworks.
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Date 23/04/2024
UK Financial Conduct Authority: Individual Charged With Investment Fraud Over Unauthorised Multimillion Pound ‘Kube Trading’ Scheme
The Financial Conduct Authority (FCA) has launched criminal proceedings against Lee Steven Maggs of Sittingbourne, Kent, for 2 counts of fraud and 1 count of breaching the Financial Services and Markets Act 2000 (FSMA).
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Date 23/04/2024
REMIT Breach: Bulgarian Regulator (EWRC) Fines Kozloduy NPP EAD €300,000 For Insider Trading
On 16 April 2024, the Bulgarian Energy and Water Regulatory Commission (EWRC) adopted a decision imposing a fine of BGN 604,064 (approximatively €300,000) on Kozloduy NPP EAD for insider trading on the Bulgarian wholesale electricity market.