News Centre

ESMA Consults On Potential Changes To The CSDR Penalty Mechanism

Date 15/12/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Consultation Paper on Technical Advice to the European Commission on the CSDR penalty mechanism. The consultation runs until 29 February 2024.

IOSCO Statement On Online Harm

Date 15/12/2023

Background

Online harm1 can take many forms, encompassing, for example, the inappropriate online promotion of risky investments, misleading statements made in advertisements or social media content, and fraudulent and illegal online activity or other investment scams, including those involving digital assets. While the misconduct patterns might be familiar, the ease of such online misconduct and the borderless nature of the online environment present new and growing challenges as novel forms of crypto-asset or technology-based fraud are increasing. The growing sophistication in the application of artificial intelligence (AI) to all facets of society has the dual potential of magnifying the scale and impact of harmful online activities and providing new and powerful ways for regulators to detect, deter and disrupt such activities.

FESE Response To The ESMA Call For Evidence On Shortening The Settlement Cycle

Date 15/12/2023

FESE believes reducing the settlement cycle from T+2 to T+1 should be closely coordinated among regulators, market participants, and Financial Market Infrastructures (FMIs). From a technical perspective, Trading Venues can potentially support any “T+n” settlement cycles (with an appropriate adaptation timeline). However, operational readiness can be challenging for some market participants. FESE Members are ready to support and follow their customers if a shift to T+1 materialises.

Borsa İstanbul’s Opening Bell Rang For Mega Metal Sanayi ve Ticaret A.Ş.

Date 15/12/2023

In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated the following:

“Distinguished guests,

Today, I welcome you all to your home, to the Opening Bell Ceremony hosted by our Exchange as we celebrate the listing of Mega Metal at our Exchange."

ESMA Consults On Draft Guidelines For Supervision Of Corporate Sustainability Information

Date 15/12/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a consultation on a set of draft Guidelines on Enforcement of Sustainability Information and is inviting comments from interested stakeholders by 15 March 2024.

FSB Outlines Work To Further Increase The Resolvability Of Banks, Central Counterparties And Insurers

Date 15/12/2023

• Lessons from the 2023 bank failures reinforce the need to maintain momentum and advance the work on bank resolvability.
• The FSB will continue to work with stakeholders to enhance implementation of the bail-in resolution tool at a global level and address operational challenges.
• FSB also plans to review whether existing public sector backstop funding mechanisms are adequate for the range of potential failure scenarios.
• The FSB will postpone to 2024 the publication of the first list of insurers subject to the resolution planning standards consistent with the FSB’s Key Attributes.

HKEX CEO Succession Announcement: Retirement Of Chief Executive And Appointment Of Chief Executive And Change In The Holding Of Executive Office

Date 15/12/2023

The Board of Directors (the “Board”) of Hong Kong Exchanges and Clearing Limited (“HKEX”) today announces that Mr Aguzin, Chief Executive of HKEX, has informed the Board that he will not seek reappointment at the end of his current contract in May 2024.

HKEX: Exchange Publishes Consultation Conclusions On GEM Listing Reforms

Date 15/12/2023

• All GEM reform proposals (GEM Reforms) proposed by the Exchange received majority support and will be adopted with minor modifications
• GEM Reforms to take effect on 1 January 2024

Solactive Partners For The First Time With KB Securities On Two ETNs Tracking Solactive Indices

Date 15/12/2023

Japan is a global leader in the robotics industry, with several top companies headquartered in the country. In 2022, over 280,000 industrial robots were produced in Japan, with a total production value exceeding 1.02 trillion JPY. This success is underscored by the robust growth experienced by the Japanese machinery sector since 2014, driven by the nation’s imperative for automation in response to its aging society. The correspondingly decreasing workforce projections lead to anticipation of increased demand for automated systems and advanced industrial machinery and equipment. The country’s outlook remains positive on the consumer front following a solid post-pandemic recovery3. Given the growth opportunities within the Japanese market, Solactive is pleased to announce a new partnership with KB Securities, listing two ETNs, the KB Japan Robotics TOP 10 ETN and the KB Japan Consumer TOP 10 ETN, tracking the Solactive Japan Robotics & Machinery Index and the Solactive Japan Consumer Index.

ACER Welcomes ENTSOG’s Gas Winter Supply Outlook And Recommends Improvements

Date 15/12/2023

What is it about?

ACER publishes today its Opinion on the Winter Supply Outlook for winter 2023-2024 of the European Network of Transmission System Operators for Gas (ENTSOG).