June 26, 2020/IOSCO The Board of the International Organization of Securities Commissions (IOSCO) today published a series of eleven good practices on processes for deference to assist regulatory authorities in mitigating the risk of  unintended, regulatory-driven market fragmentation and to strengthen international cooperation.    Wholesale securities and derivatives markets are […]

June 25, 2020/Cordros Report EQUITIES The domestic equities market sustained its downward trend for the sixth consecutive session, as investors took profits on heavyweights MTNN (-0.4%), ZENITHBANK (-1.5%) and FBNH (-0.9%). Precisely, the All-Share Index dipped by 0.1% to 24,625.24 points. Accordingly, the Month-to-Date and Year-to-Date losses increased to -2.5% […]

June 25, 2020/US SEC Five federal regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as covered funds.  The final rule is broadly similar to the proposed rule from January.  The Volcker rule generally prohibits […]