News Centre

European Central Bank Monetary Policy Decisions

Date 27/10/2022

The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made substantial progress in withdrawing monetary policy accommodation. The Governing Council took today’s decision, and expects to raise interest rates further, to ensure the timely return of inflation to its 2% medium-term inflation target. The Governing Council will base the future policy rate path on the evolving outlook for inflation and the economy, following its meeting-by-meeting approach.

'Saturation Point' Closing In On Stock Exchanges, Driving Bold Strategic Choices: Globacap

Date 27/10/2022

Leading capital markets technology firm, Globacap, has today released its latest report uncovering an impending 'saturation point' facing stock exchanges globally, forcing them to evolve their business models faster and more fundamentally than ever before.

Moonshot Or Longshot: Uneven Net-Zero Transition Risks Leaving Emerging Economies Behind, AIIB Report Warns - New Data In AIIB’s Asian Infrastructure Finance 2022 Report Reveals Scale Of State Capacity And Collective Global Effort Needed To Accelerate Net Zero Transition

Date 27/10/2022

Emerging and developing economies (EMDEs) are at risk of being left behind by the net-zero transition unless urgent action is taken to build state capacity in conjunction with the private sector, according to a report published today by the Asian Infrastructure Investment Bank (AIIB).

Global Green Finance Index 10: London, Amsterdam Hold Off New York's Green Finance Challenge

Date 27/10/2022

The tenth edition of the Global Green Finance Index (GGFI) evaluates the green finance offering of 84 financial centres. The GGFI serves as a valuable measure of the development of green finance for policy and investment decision-makers. The top 20 centres in GGFI 10 are shown in the table below.

SGX Group To Develop Listed Derivatives Based On The MSCI Climate Action Indexes

Date 27/10/2022

Singapore Exchange (SGX Group) has entered into an agreement with MSCI, a leading provider of critical decision support tools and services for the global investment community, to licence the recently launched MSCI Climate Action Indexes[1] for listed futures contracts. The MSCI Climate Action Indexes include companies that are taking concrete steps to reduce their carbon emissions. Companies are evaluated based upon a range of climate indicators that assess their current carbon intensity and potential to lead in the climate transition, relative to their peers.

ACER: The Latest REMIT Quarterly Is Online

Date 27/10/2022

The EU Agency for the Cooperation of Energy Regulators (ACER) publishes today the 30th edition of its REMIT Quarterly, covering the third quarter of 2022.

Hong Kong Securities And Futures Commission: Former Account Executive Of Fulbright Securities Limited Jailed For Securities Fraud

Date 27/10/2022

The Eastern Magistrates’ Court today sentenced Mr Danny Fung Kwong Shing to two-and-a-half months’ imprisonment following his conviction of the offences of engaging in fraud or deception in transactions involving securities under section 300 of the Securities and Futures Ordinance (SFO) in a prosecution brought by the Securities and Futures Commission.

Nasdaq Dubai Welcomes Listing Of AED 1.5 Billion Treasury Bonds Issued By The UAE Federal Government

Date 27/10/2022

Nasdaq Dubai today welcomed the listing of AED 1.5 billion Dirham-denominated treasury bonds issued by the UAE Federal Government acting through the Ministry of Finance. The two tranches with a total value of AED 750 million each, are part of the AED 9 billion T-Bond issuance program for 2022.

72% Of Financial Services Firms Agree That Flexible Working Benefits Mental Health – But WFH Arrangements Can Expose Firms To Risk Of Non-Compliance

Date 27/10/2022

• Research from AIMA shows that 72% of financial services respondents believe that flexible working has a positive impact on the mental health of their teams.
• In the UK, the FCA’s expectations around capturing, monitoring, and archiving communications data apply equally to employees working from home or remote locations.
• Facilitating flexible working requires a greater reliance on technology to communicate and share data in a virtual world whilst remaining compliant.

Hong Kong Securities And Futures Commission: Retail Investor Convicted And Fined For Illegal Short Selling

Date 27/10/2022

The Eastern Magistrates’ Court today convicted Mr Lau Chi Ho after he pleaded guilty to illegal short selling in prosecutions brought by the Securities and Futures Commission (SFC).