News Centre

BIS's Project Nexus Prototype Successfully Links Eurosystem, Malaysia And Singapore Payments Systems; Partners In Indonesia, Malaysia, The Philippines, Singapore And Thailand To Work Towards Wider Payments Connectivity

Date 23/03/2023

• To enhance cross-border payments, the BIS Innovation Hub Singapore Centre developed the Nexus concept of a first-of-its-kind multilateral network connecting multiple domestic instant payment systems (IPS).
• Nexus prototype successfully connected the test IPS of the Eurosystem, Malaysia and Singapore, allowing payments to be sent across the three using only mobile phone numbers.
• In the next phase, BIS and the central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will jointly work towards connecting their domestic IPS through Nexus.

SEC Charges Financial Adviser For Misappropriating More Than $1 Million From Current, Former NBA Players

Date 23/03/2023

The Securities and Exchange Commission today charged Darryl Matthew Cohen, a former investment adviser at a large financial institution, with misappropriating more than $1 million from three current and former NBA players over a period of two and a half years.

CFTC Commissioner Mersinger To Deliver The Opening Keynote Address And Participate On A Panel At WFECLEAR: The World Federation of Exchange’s Clearing And Derivatives Conference 2023

Date 23/03/2023

CFTC Commissioner Mersinger To Participate On A Panel At WFECLEAR: The World Federation Of Exchange’s Clearing and Derivatives Conference 2023

Date 23/03/2023

CCP12 - The Global Association Of Central Counterparties – Welcomes KELER CCP Central Counterparty Ltd. As A CCP12 Observer Member.

Date 23/03/2023

At the monthly CCP12 Executive Committee Meeting in March 2023, the Executive Committee accepted KELER CCP Central Counterparty Ltd. (“KELER CCP”) as an Observer Member of CCP12. KELER CCP, licensed under EMIR, is the leading clearing house in the Central Eastern European region with its more than 20 years of experience and by its innovative solutions.

Transforming Data Collection Communication To Firms – 23 March 2023 - Communication To Firms To Provide An Update On The Progress Of The Joint Transformation Programme, Which Is Being Led By The Bank Of England And FCA With Industry To Transform Data Collection From The UK Financial Sector

Date 23/03/2023

Joint transformation programme update

The Bank of England (the Bank) and the Financial Conduct Authority (FCA) are working together with industry to transform data collection from the UK financial sector. We are doing this through a joint transformation programme. In this publication we provide an update on the joint transformation programme including:

ETFGI Reports Active ETFs Listed Globally Gathered US$14.30 Billion In Net Inflows February 2023

Date 23/03/2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that actively managed ETFs listed globally gathered net inflows of US$14.30 billion during February, bringing year-to-date net inflows to US$24.92 billion. Assets invested in actively managed ETFs increased by 21.5%, from US$429.72 billion at the end of January 2023 to US$522 billion, according to ETFGI's February 2023 Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Bank Of England: Bank Rate Increased To 4.25% - March 2023 - Monetary Policy Summary And Minutes Of The Monetary Policy Committee Meeting

Date 23/03/2023

Monetary Policy Summary, March 2023

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 22 March 2023, the MPC voted by a majority of 7–2 to increase Bank Rate by 0.25 percentage points, to 4.25%. Two members preferred to maintain Bank Rate at 4%.

UK Financial Conduct Authority Appoints Executive Directors To Co-Lead Enforcement And Market Oversight

Date 23/03/2023

The Financial Conduct Authority (FCA) has appointed Therese Chambers and Steve Smart as joint Executive Directors of Enforcement and Market Oversight.

FINMA Provides Information About The Basis For Writing Down AT1 Capital Instruments

Date 23/03/2023