May 2020
European Equities Positive on Recovery Package and Bank Gains, Wall Street to Open Positive
EC support package updates and gains in travel/tourism, airline, and bank sector shares improve risk sentiment. Wall Street indices to open positive.
IMF: Halt Bank Dividends and Buybacks Now
That significantly strengthened the resilience of the financial system.
BCSC Alleges B.C. Residents Promoted U.S.-Based Fraud
BCSC is alleging B.C. residents helped promote a U.S.-based Ponzi and pyramid scheme that raised about US$15 million from more than 1,400 investors.
Intraday Volatility in the COVID Era: Why it Matters
Both volatility and the variance of volatility across securities have risen substantially since late February in the COVID era.
SEC Charges Owner of Film Distribution Company with Defrauding Publicly Traded Fund
SEC announced charges against William Sadleir, the owner of a film distribution company, for defrauding a publicly traded fund of at least $13.8 million.
Private Equity Firm Ares Management LLC Charged With Compliance Failures
SEC announced that Ares Management LLC has agreed to pay one million dollars to settle charges that it failed to implement and enforce policies.
FCA Acts to Strengthen Protections for Customers Using Payment Firms
The FCA has today launched a consultation on additional guidance for payments firms to strengthen the way in which they look after customers’ money.
LBChain project has reached the finish line: results and future plans
The Bank of Lithuania’s LBChain project – a unique blockchain-based sandbox – has reached the end of its third and final stage.
Report on Fintech Adoption and Innovation in the Hong Kong Banking Industry
HKIMR released a report, titled “Fintech Adoption and Innovation in the Hong Kong Banking Industry” as the first in a series of Applied Research reports.
CFTC Issues COVID-19 Customer Advisory on Commodity ETPs and Funds
CFTC issued a Customer Advisory informing the public about the unique risks associated with certain trading vehicles that use futures contracts.
SET News: Economic Slowdown and Oil Price War Bring Down Thai Listed Companies’ First-Quarter Net Profit
SET recorded total sales of THB 2.68 trillion for the first three months of 2020, down 4.3 percent from the same period of last year.
ConsenSys Merges with Joint Venture Partner Fluidity
ConsenSys revealed that the firm has acquired its joint venture partner Fluidity – a rival blockchain tech specialist hailing from Brooklyn.
Tarbert Talks Coronavirus
The head of the Commodities Futures Trading Commission (CFTC) described how his agency tackled coronavirus.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.