News Centre

Hong Kong Securities And Futures Commission: Pilot Green And Sustainable Finance Capacity Building Support Scheme Begins Accepting Eligible Programme Applications

Date 31/10/2022

The Green and Sustainable Finance Cross-Agency Steering Group announced today (October 31) that the Pilot Green and Sustainable Finance Capacity Building Support Scheme has begun accepting applications for registration as an eligible programme. 

First Abu Dhabi Bank And UBS Go-Live On CLSNet

Date 31/10/2022

CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that First Abu Dhabi Bank (FAB) and UBS have gone live on CLS’s bilateral payment netting calculation service for over 120 currencies – CLSNet. They will join the growing CLSNet community of global and regional banks, which includes seven of the top ten global banks.

CLSNet has seen a marked increase in adoption this year, with a 179% year-on-year increase in the average daily notional of net calculations in H1 2022. This announcement follows the news that Deutsche Bank, Mashreq and Standard Chartered have committed to using the platform. As the CLSNet community continues to grow, users of the service will increasingly benefit from the expanding roster of netting counterparties.

CLSNet standardizes and centralizes post-trade processes across the global currency spectrum – and in doing so reduces risk, enhances efficiency and improves liquidity for a growing network of FX market participants.

In going live on CLSNet, FAB and UBS will benefit from a centralized platform with matching and legal confirmation of over 120 currencies for FX products, including same-day trades and NDFs.

Lisa Danino-Lewis, Chief Growth Officer, CLS, commented, “We are delighted that FAB and UBS have gone live on CLSNet. The escalating interest in CLSNet is a testament to its centralized model. Through the expanding global network, market participants will be able to maximize the intraday liquidity, operational efficiency and risk mitigation benefits of the service.”

Anan Samaneh, SVP & Head of FXMM & Control Operations, FAB, said, “CLSNet offers standardization and automation through a centralized platform which will significantly enhance our post-trade process – thereby enhancing operational efficiency, risk mitigation and reduced funding requirements. Participating in CLSNet also supports FAB’s adherence to the best practice settlement risk principles of the FX Global Code.”

Steve Forrest, Global Head FX Operations, UBS, added, “CLSNet will enable us to address our wider post-trade processing needs and automate our bilateral netting activity with fellow participants. Further, as a centralized infrastructure, it not only delivers risk mitigation for participants but also facilitates front office benefits such as liquidity optimization and reduced funding requirements.”

Borsa Istanbul: Announcement Numbered 2022/12144 Regarding The Changes In The Exchange Fee Schedule And Market Making System Applicable To Warrant/Certificate Trading

Date 31/10/2022

Please click to download the announcement regarding the new exchange fee schedule and market making system applicable to warrant/certificate trading.

JPX: Calculation And Publication Of New Index "Kyodai-Kawakita/JPX Japan Index"

Date 31/10/2022

The JPX Market Innovation & Research, Inc. will calculate and publish a new index called "Kyodai-Kawakita/JPX Japan Index" for long-term investors. Details regarding the index have been determined as below.

Abu Dhabi Securities Exchange Lists Geospatial Intelligence Specialist Bayanat AI PLC

Date 31/10/2022

Bayanat AI PLC, one of the region’s leading high-growth AIpowered geospatial solutions businesses, has today made its trading debut as the first company to list under the technology sector on the Abu Dhabi Securities Exchange (ADX) after its successful IPO. It is trading under the trading symbol BAYANAT.

DIFC: IMF Regional Economic Outlook Forecasts 2022 Real GDP Growth For The Region At 5%, Up From 4.1% In 2021

Date 31/10/2022

• 2022 real GDP across the region expected to grow at 5 per cent, up from 4.1 per cent in 2021
• Crude producers projected to accrue a cumulative oil windfall of about $1 trillion over 2022−26, helping oil-exporting countries like the UAE continue to invest in projects that support future economic growth
• Countries must press ahead with structural and energy subsidy reforms to strengthen growth prospects and build resilience to future shocks

"Navigating The Future Of Insurance Amidst Stormy Weather" - Speech By Mr Alvin Tan, Minister Of State, Ministry Of Trade And Industry And Ministry Of Culture, Community And Youth, And Board Member Of Monetary Authority Of Singapore, At The Singapore International Reinsurance Conference On 31 October 2022

Date 31/10/2022

This year’s conference theme – “Reconnecting … Re-shaping the Future!” is timely. Good to see the SIRC return as an in-person conference after two years in virtual format. Good to re-connect, share ideas, and build meaningful partnerships.

CFFEX Welcomes Visit By The Economic And Financial Commission Of Chinese People's Political Consultative Conference Shanghai Committee

Date 31/10/2022

On October 13, the Economic and Financial Commission of the Chinese People's Political Consultative Conference Shanghai Municipal Committee (CPPCC Shanghai Committee) visited China Financial Futures Exchange (CFFEX) to learn about the latest developments in the financial futures market. 

Japan Financial Services Agency: Finalization Of Partial Amendment For Regulatory Notice Specifying The Documents Based On Article 2 (1) Of The Cabinet Office Order On Financial Instruments Business, Etc.

Date 31/10/2022

The Financial Services Agency (“FSA”) published a public consultation on Partial Amendment for Regulatory Notice Specifying the Documents Based on Article 2 (1) of the Cabinet Office Order on Financial Instruments Business, etc. from August 31 to September 30, 2022.

Hong Kong Securities And Futures Commission Bans Tang Shiyi For 10 months

Date 31/10/2022

The Securities and Futures Commission (SFC) has banned Ms Tang Shiyi, a former licensed representative of China Galaxy International Securities (Hong Kong) Co., Limited and China Galaxy International Futures (Hong Kong) Co., Limited (collectively, CGI), from re-entering the industry for 10 months from 29 October 2022 to 28 August 2023.