News Centre

UK Financial Conduct Authority Sets Out Expectation For Fair And Competitive Saving Rates

Date 06/07/2023

Many people are feeling the squeeze from rising interest rates and prices, so it is more critical than ever that they are offered fair and competitive saving rates. We held a constructive meeting today with the UK’s largest banks and building society, which builds on work we have been doing over several months – to monitor the savings markets and the decisions made. We have challenged firms where their decision making has been slow.

Euronext Announces Volumes For June 2023

Date 06/07/2023

Euronext, the leading pan-European market infrastructure, today announced trading volumes for June 2023.

BIS: Basel Committee Consults On Revisions To The Core Principles For Effective Banking Supervision

Date 06/07/2023

• Basel Committee issues public consultation on revisions to the Core principles for effective banking supervision.
• The proposed revisions reflect supervisory developments and structural changes affecting the banking system since the previous update in 2012.
• The Committee invites submissions on the proposals by 6 October 2023.

Industry Leaders Form ERC3643 Association To Propel Standardization of Tokenization

Date 06/07/2023

Today marks the formation of the ERC3643 Association, a collaborative effort between industry key players to catalyst worldwide adoption of the ERC3643 token standard for real-world assets tokenization to eliminate silos and ensure interoperability. 

Nayms Issues World's First Crypto-Denominated Industry Loss Warranty (ILW)

Date 06/07/2023

Nayms SAC Ltd., the leading crypto-native insurance marketplace, is proud to announce the issuing of the world's first crypto-denominated industry loss warranty (ILW) through the second segregated account or 'cell' within its marketplace. This type of instrument is index-based and used for providing retrocessional reinsurance protection to property reinsurers.

BIS: Innovation Convergence

Date 06/07/2023

Economic convergence – the idea that less developed countries should grow faster and catch up with more developed ones – is predicted by many basic economic models of growth and has been a central empirical question. Innovation and improvement in productivity are essential for sustained long-term growth. Thus, the role of innovation in the convergence process – and whether innovation itself converges – is crucial to understand long-term growth.

Inversis Acquires 100% Of Openfinance From SIX Group

Date 06/07/2023

• Inversis expands its range of global solutions for financial institutions, thus furthering its strategy of offering 360º services to its institutional clients, with the acquisition of Openfinance (a subsidiary of BME, SIX Group), a technology platform for discretionary portfolio management and advice.
• With this transaction, Inversis strengthens its unique value proposition by adding Openfinance's functionalities to its financial asset distribution ecosystem, which provides a geographic presence in Southern Europe and Latin America.

BIS: The 2008–14 Banking Crisis In Spain

Date 06/07/2023

The Spanish banking sector experienced a profound crisis starting in 2008. Its weaknesses stemmed from both conjunctural and structural factors.

EEX Group Monthly Volumes - June 2023

Date 06/07/2023

EEX Group reports its June 2023 volumes with the following highlights:

US Supreme Court Brief Outlines Congressional Intent For Burden Of Proof In SOX Whistleblower Cases

Date 06/07/2023

In an amicus curiae brief filed with the Supreme Court on behalf of the National Whistleblower Center (NWC), the founding partners of Kohn, Kohn & Colapinto (KKC) outline the Congressional intent behind the burden of proof standard in the Sarbanes-Oxley Act of 2002 (SOX). The brief was filed in the case Murray v. UBS Securities, LLC a SOX whistleblower retaliation case filed by an ex-employee against UBS Bank.