risks Archives - The Industry Spread

Investor Alert: The Perils of Pension Income Deals

June 25, 2019

A pension provides something extremely valuable to any retiree: Guaranteed income. A pension pays a monthly annuity for the life of the pension holder. If you are a retiree receiving an annuity, or an active employee in a government or private pension income plan, you know its value. But a pension also makes you a target for investment promoters offering to buy the rights to some or all the pension payments you would otherwise receive in the future.

Intercontinental Exchange Completes Acquisition of Simplifile LC

June 16, 2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced it has completed its acquisition of Simplifile, LC. On May 1, 2019 ICE announced that it would acquire Simplifile for $335 million. The acquisition will not be material to ICE’s 2019 earnings or have an impact on capital return plans.

SEC Announces Kevin Zerrusen as Senior Advisor to the Chairman for Cybersecurity Policy

June 7, 2019

The Securities and Exchange Commission today announced that Kevin A. Zerrusen will serve as Chairman Jay Clayton’s Senior Advisor for Cybersecurity Policy. In this role, Mr. Zerrusen will coordinate efforts across the agency to address cybersecurity policy, engage with external stakeholders, and help enhance the SEC’s mechanisms for assessing cyber-related risks.

LCH Group Selects UnaVista for Its SFTR-compliant Trade Repository

May 26, 2019

UnaVista is delighted to announce that it has been selected by LCH’s RepoClear as their trade repository to meet their reporting obligations under the Securities Financing Transaction Regulation (SFTR). LCH Group’s Collateral and Liquidity Management function will also be using UnaVista for its SFTR reporting. SFTR is scheduled to go live in April next year and will require firms to report details of their Securities Financing Transactions (SFTs) to an approved trade repository. Known as the ‘MiFID II for repo’, the regulation is designed to increase transparency, allowing regulatory authorities to assess the risks associated with these transactions. LCH provides Europe’s leading clearing service for government bond and repo markets, with €197 trillion cleared across the group in 2018.

Why the Internet of Things (IoT) Could Cause a Power Cut

May 9, 2019

IoT devices can be misused to a large extent for cyber attacks, successful blackmail attempts (e.g. fake sextortion) as well as money transfer fraud with Office 365 access data and the main topic “Dealing with purchased risks in hardware and software”. The 28th semi-annual report of the Reporting and Analysis Centre for Information Assurance (MELANI) published on 30 April 2019 deals with the most important cyber incidents of the second half of 2018 in Switzerland and abroad.

Canadian Securities Regulators Consult on Regulatory Framework for Crypto-Asset Trading Platforms

March 22, 2019

The Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) today published Joint Canadian Securities Administrators/Investment Industry Regulatory Organization of Canada Consultation Paper 21- 402 Proposed Framework for Crypto-Asset Trading Platforms. The consultation paper seeks input from the fintech community, market participants, investors and other stakeholders on how regulatory requirements may be tailored for crypto-asset trading platforms (platforms) operating in Canada.

Intercontinental Exchange Launches Marine Fuel Contracts in Advance of IMO 2020

February 25, 2019

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today launched new Marine Fuel contracts in advance of the implementation of the 0.5% sulphur cap by the International Maritime Organization (IMO) in 2020.