News Centre

DIFC Continues to Drive Action On Global Climate Change On Path To COP28, Announces Future Sustainability Forum In Dubai

Date 13/07/2023

• The inaugural Future Sustainability Forum marks the Year of Sustainability in the UAE and will be held in Dubai 4-5 October 2023 
•  Agenda supports COP28’s 4-pillar plan on fast-tracking the transition, fixing climate finance, focusing on adaptation to protect lives and livelihoods, and making COP28 fully inclusive, announced by COP28 President-designate and Minister of Industry and Advanced Technology today 13 July 2023
• The Forum brings together global decision and change makers in the finance industry, to explore ways for the sector to lead action on climate change, deliver a just transition to a sustainable economy, and accelerate efforts to achieve the longer-term goals of the Paris Agreement and UN SDGs 2030
•  The Future Sustainability Forum is part of DIFC’s sustainability programme in the run up to COP28, the largest finance-focused campaign for COP28, backed by international financial institutions and thought leaders in green and sustainable finance ​

UK Financial Conduct Authority Fines Bastion Capital London Limited £2.5m For Serious Financial Control Failings

Date 13/07/2023

The FCA has fined Bastion Capital London Limited (in liquidation) £2,452,700 for serious financial crime control failings in relation to cum-ex trading. They failed to manage the risk of being used to facilitate fraudulent trading and money laundering.

Travel And Tourism Sector Deal Activity Down By 38.8% YoY In H1 2023, Reveals GlobalData

Date 13/07/2023

A total of 365 deals (mergers & acquisitions, private equity, and venture financing deals) were announced in the travel and tourism sector globally during the first half (H1) of 2023, which was a decline of 38.8% compared to 596 deals announced during the same period in the previous year, reveals GlobalData, a leading data and analytics company.

FSB Outlines Next Steps On Climate Roadmap, Following The Finalisation Of The Global Sustainability Disclosure Standards

Date 13/07/2023

• The FSB welcomes the publication of the ISSB’s final standards, which will serve as a global framework for sustainability disclosures. Responsibility for monitoring progress on firms’ disclosures will transfer from the TCFD to the ISSB in 2024.
• More generally, work is continuing to focus on improving the availability, quality and cross-border comparability of climate data and to more fully develop conceptual frameworks and metrics for monitoring climate-related vulnerabilities.
• Climate-related risk is increasingly being embedded into risk management and prudential frameworks and capacity building remains an important focus. There is a growing interest in the role of transition plans of financial institutions and non-financial corporates as a source of information for financial authorities to assess micro- and macroprudential risks.

Global Payments Leader, Convera Chooses Temenos To Modernize Payments In The Cloud - Convera Opts For Temenos Scalable Platform To Fuel Global Expansion And Offer Fast And Secure Commercial Payments

Date 13/07/2023

Temenos (SIX: TEMN) today announced that Convera, the largest non-bank global B2B payments provider, has selected Temenos Payments Hub running in the Temenos Cloud to modernize its payments infrastructure.

commerzwelt.com: BaFin Investigates The Company FCU Investments LTD

Date 13/07/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company FCU Investments LTD and the services it is offering. BaFin has information that the company is providing financial and investment services on its website commerzwelt.com without the required authorisation.

mblmarkets10.com: BaFin Investigates Mbl Markets

Date 13/07/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Mbl Markets and the services it is offering. BaFin has information that the company is providing financial and investment services on its website mblmarkets10.com without the required authorisation.

Bitcoin And Ether: Cryptocurrency Derivative Sentiment On The Rise - Spectrum Markets

Date 13/07/2023

• SERIX sentiment index on both cryptocurrencies risen consistently since start of 2023
• Retail investors took advantage of the 24/5 access to the securitised derivatives via Spectrum  on those two cryptocurriencies

Global X Japan Launches China Electric Vehicle And Battery ETF Tracking Solactive Index

Date 13/07/2023

The electric vehicle market witnessed remarkable growth last year, exceeding 10 million in sales. According to the Global EV Outlook 2023 report by the International Energy Agency (IEA), China has once again emerged as the frontrunner, accounting for approximately 60% of global electric car sales, which was also supported by government initiatives. China boasts more than half of the world’s electric vehicles on the roads and has already surpassed its 2025 target for new energy vehicle sales. To seize the immense market potential, Global X Japan has introduced the Global X China Electric Vehicle and Battery ETF, which tracks the well-established Solactive China Electric Vehicle and Battery Index. The ETF is listed on the Tokyo Stock Exchange under the stock code 2254.

Confluence Expands Evaluated Bond Pricing Coverage To Over 800k Bonds Globally - The Expansion Marks A Significant Increase In Evaluated Pricing Coverage Across EMEA, APAC And Emerging Markets Offering Customers Access To A Wider Range Of Asset Classes And Data Types

Date 13/07/2023

Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider helping the investment management industry solve complex investment data challenges announced today that its Evaluated Bond Pricing service has expanded coverage from 80,000 bonds to 815,000 bonds globally. This expansion includes a significant increase in coverage across EMEA, APAC, and emerging markets allowing Confluence’s customers to access even more pricing information on a wider range of bonds.