Wahed Invest has brought to Nasdaq an exchange-traded fund that avoids investment in companies that generate more than 5% of revenue from activities prohibited by Islamic principles. The Wahed FTSE USA Shariah ETF is linked to an index based on the FTSE USA Index. ETF (16 Jul.)
The European Banking Authority has found that banks use different methods when classifying wholesale deposits used for determining liquidity coverage ratios. This could mean inaccurately classified deposits result in artificially high LCRs. Risk (subscription required) (15 Jul.)
Heath Tarbert has been sworn in as chairman of the Commodity Futures Trading Commission. Tarbert has praised predecessor J. Christopher Giancarlo and says he will work "to ensure our derivatives markets remain vibrant and wrongdoers are held accountable." Futures & Options World (subscription required) (16 Jul.)
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