News Centre

Bank Of England: CHAPS Transitions To Latest Global Financial Messaging Standard

Date 19/06/2023

The Bank, working closely with the payments industry, has today successfully migrated CHAPS, the UK’s high-value payments system, to ISO 20022 – the latest global financial messaging standard. This marks a significant milestone in the multi-year programme to renew the Bank’s Real Time Gross Settlement (RTGS) service: a programme whose objectives are to increase resilience, competition and innovation within the payments landscape.

ESAs Consult On The First Batch Of DORA Policy Products

Date 19/06/2023

The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) launched today a public consultation on the first batch of policy products under the Digital Operational Resilience Act (DORA). This includes four draft regulatory technical standards (RTS) and one set of draft implementing technical standards (ITS). These technical standards aim to ensure a consistent and harmonised legal framework in the areas of ICT risk management, major ICT-related incident reporting and ICT third-party risk management. The consultation runs until 11 September 2023.

Europe Bond Markets - Activity Surges, Property In Focus, Strong New Issuance Pipeline - Liquidnet Trading Head

Date 19/06/2023

David Everson, Head of Trading, Fixed Income EMEA, Liquidnet, said:  “After a week spent mainly focused on macroeconomic events we saw a surge in activity on Friday, suggesting traders had digested the rates, jobs and inflation data and were now on the front foot.

Global ESG Regulation Increases By 155% Over The Past Decade

Date 19/06/2023

ESG Book, a global leader in sustainability data and technology, today released new analysis showing that global ESG regulations have increased by 155 percent over the past decade, as the rapid growth of sustainability-based policy interventions continues to shape financial markets.

Bank Of England Launches First System-Wide Exploratory Scenario Exercise

Date 19/06/2023

The Bank of England (the Bank) has today launched its first system-wide exploratory scenario (SWES) exercise. The exercise aims to improve understanding of the behaviours of banks and non-bank financial institutions (NBFIs) in stressed financial market conditions. It will explore how those behaviours might interact to amplify shocks in UK financial markets that are core to UK financial stability.

Hong Kong Securities And Futures Commission Reprimands And Fines Taiping Securities (HK) Co Limited $1.3 Million For Internal Control Failures Over Employee Dealings

Date 19/06/2023

The Securities and Futures Commission (SFC) has reprimanded and fined Taiping Securities (HK) Co Limited (TSCL) $1.3 million for internal control failings in relation to employee dealings between 1 January 2016 and 30 November 2018.

Vienna Stock Exchange: Oberbank New In VÖNIX Sustainability Index

Date 19/06/2023

With the beginning of this week , the 19th year of the VÖNIX-VBV-Austrian Sustainability Index, one of the first national sustainability indices worldwide, started. As of today's trading day, Oberbank AG was newly included in the sustainability benchmark, while Burgenland Holding AG was removed from the index. This was announced by rfu, VBV-Vorsorgekasse and the Vienna Stock Exchange after the annual review according to the rules and regulations. The index now comprises 20 members and represents domestic listed companies that stand out with their activities in corporate sustainability.

Securities Commission Malaysia And Bursa Malaysia: Measures To Boost Capital Market Vibrancy And Competitiveness

Date 19/06/2023

The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) today welcome the announcements by the Honourable Prime Minister and Minister of Finance, Dato’ Seri Anwar bin Ibrahim, aimed at driving Malaysia’s economic growth and capital market competitiveness.

DIFC To Build Campus Set To Attract Over 500 AI And Web 3.0 Companies, USD 300mn In Collective Funds And Create 3000+ Jobs By 2028

Date 19/06/2023

• Dubai International Financial Centre (DIFC) to launch ‘Dubai AI & Web 3.0 Campus’.
•  DIFC to build world-class Campus spanning over 100,000 sq. ft. within the DIFC jurisdiction. The facility will be home to state-of-the-art hardware, R&D facilities, accelerator programmes and collaborative workspaces.
•  ‘Dubai AI & Web 3.0 Campus’ will focus on the use of AI and Web 3.0 in the financial services industry.  
• ‘Dubai AI & Web 3.0 Campus’ to attract over USD 300mn in collective funds, 500+ global AI and Web 3.0 start-ups, and create 3000+ jobs by 2028.
• ‘Dubai AI & Web 3.0 Campus’ is the DIFC Innovation Hub’s latest new venture to be headquartered at DIFC’s new “Innovation One” premises.

GMEX ZERO13 And Zumo Collaborate On New Carbon Credit Offering For Banks And Corporates - Integrated Solution To Offset Carbon Footprint Using Tokenised Carbon Credits

Date 19/06/2023

ZERO13, a GMEX Group initiative providing a digital climate fintech aggregation ecosystem, and Zumo, the B2B digital assets infrastructure, announce a collaborative solution targeted at banks and their corporate and institutional clients who are looking to account for the carbon footprint of their digital assets and any aspect of their value chain.