News Centre

The EBA Publishes An Analysis Of Specific Aspects Of The Net Stable Funding Ratio Framework

Date 16/01/2024

The European Banking Authority (EBA) today published its Report about some specific aspects of the net stable funding ratio (NSFR) framework. The Report provides an evaluation of the materiality of the specific items analysed as well as an assessment of the impact of possible changes to the current prudential treatment.

Carrington Mortgage Services Returns To ICE’s Encompass Lending Platform - Deciding Factor Was ICE’s Focused Origination Technology Investments

Date 16/01/2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, announced that Carrington Mortgage Services, LLC, one of the nation’s largest privately held non-bank lenders, is returning to ICE’s Encompass® mortgage lending platform. Carrington will use Encompass across its retail, wholesale and correspondent lending channels to electronically capture, process, underwrite and close mortgage loans and equity products through a single technology solution.

J.P. Morgan To Pay $18 Million For Violating Whistleblower Protection Rule - Firm’s Confidential Agreements Impeded Clients From Communicating With The SEC

Date 16/01/2024

The Securities and Exchange Commission today announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay an $18 million civil penalty to settle the charges.

Why Technology Is Too Important To Be Left To The Technologists

Date 16/01/2024

Technology has transformed financial markets and brokers' lives. It has fundamentally changed how the markets operate, and when firms embrace technology transformation, it drives their competitive advantage.

ETFGI Reports That Assets Invested In The Global ETFs Industry Reached A New Milestone Of US$11.63 Trillion At The End Of 2023

Date 16/01/2024

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports that assets invested in the Global ETFs industry reached a new milestone of US$11.63 trillion at the end of 2023.   The global ETFs industry gathered US$171.76 billion in net inflows in December, bringing 2023 net inflows to US$974.87 billion.  Assets invested in the global ETFs industry increased by 25.6% in 2023, going from US$9.26 trillion at end of 2022 to US$11.63 trillion, according to ETFGI's December 2023 global ETFs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted)
 

Nasdaq Releases First Global Financial Crime Report, Measuring The Scale And Human Impact Of Financial Crime

Date 16/01/2024

• Report reveals $3.1 trillion in illicit funds and money laundering globally in 2023
• Global fraud losses totaled more than $485 billion last year

BCBS-CPMI-IOSCO Publish Consultative Report On Transparency And Responsiveness Of Initial Margin In Centrally Cleared Markets

Date 16/01/2024

• BCBS-CPMI-IOSCO call for interested parties to comment on ten policy proposals which aim to improve central clearing participants’ understanding of initial margin calculations and potential future margin requirements.
• The report proposes that central counterparties (CCPs) should provide additional public disclosures on their margin models and increase the sophistication and accessibility of margin simulation tools.
• Clearing members should provide greater transparency to clients and the CCPs of which they are members.

Danske Bank Selects Broadridge’s Principal Risk Trading And Market Making Solution

Date 16/01/2024

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Danske Bank (DANSKE: CO) has selected Broadridge’s multi-asset trading and market making solution, Tbricks, to support multi-asset trading, pricing and position management across Danske Bank locations. Tbricks offers a modular trading platform with a flexible user interface, powerful built-in functionality and a high degree of customizability. Tbricks will integrate with existing systems at Danske and allow the bank to scale and streamline operations, creating the capacity to focus on strategic initiatives rather than technology management, and providing long-term cost predictability.

Saxo Bank Partners With FairXchange For Liquidity Management Data Analytics

Date 16/01/2024

Saxo Bank, one of the leaders in global online trading and execution services, becomes the latest institution to join the rapidly growing FairXchange ecosystem. Under the terms of the arrangement FairXchange are providing their award-winning liquidity management platform Horizon. 

Cyprus Stock Exchange Monthly Bulletin, December 2023

Date 16/01/2024

The total value of transactions during the month in review reached € 8,86 million, with an average of € 0,47 million per trading session. The Financials sector contributed 74,95% to the total value traded which was the highest among all other sectors. Investors primarily focused their interest on the shares of “Bank οf Cyprus Holdings Plc” and also on shares of “Demetra Holdings Plc” with 43,96% and 30,04% of the total value respectively.