News Centre

UK Financial Conduct Authority Warns Of Impending Consumer Duty Deadline

Date 10/05/2023

With fewer than 90 days to go until the start of the Consumer Duty the Financial Conduct Authority (FCA) has urged firms to ensure they are ready for the 31 July deadline.

Countdown To The Consumer Duty, Speech By Sheldon Mills, UK Financial Conduct Authority Executive Director, Consumers And Competition, Delivered At EY: Less Than Three Months To Go Until The Consumer Duty Implementation

Date 10/05/2023

Highlights

• Firms have less than three months to implement the Consumer Duty, which comes into force on 31 July.
• The FCA will prioritise the most serious breaches and act swiftly and assertively where it finds evidence of harm or risk of harm to consumers.
• The Consumer Duty will help the UK financial services industry remain world-leading proponents of financial services, as firms strive to innovate and offer the best to compete for customers. 

TS Imagine Releases Several Next Generation Features Of TradeSmart Fixed Income EMS

Date 10/05/2023

TS Imagine, the leading global, cross-asset class provider of trading, portfolio, and risk management solutions for financial institutions, today announces the availability of several next generation features of its TradeSmart Fixed Income Execution Management System (EMS), all designed to immediately enhance workflow efficiency for traders operating within the $133T global bond market. 

Hanwha Asset Management And Mirae Asset Global Investments Launch Secured Overnight Financing Rate ETFs Tracking Solactive SOFR Index

Date 10/05/2023

Solactive is pleased to announce that Hanwha, in its first engagement with the German index provider, and Mirae, expanding their partnership with the company, each launched a new ETF that tracks the Solactive SOFR Daily Total Return Index1. The products offer an accumulating daily return strategy designed to provide yields in line with the SOFR rate. The aim of the ETFs is to provide a flexible and efficient tool for financial market participants to access the yield.

EDB Appoints Global Head Of Banking Depositary

Date 10/05/2023

European Depositary Bank (“EDB”), the Luxembourg-headquartered provider of banking, depositary and custody solutions, today announces the appointment of Executive Management Board Member, Holger Barth as Global Head of Banking Depositary.

EGX Wins Two Awards For Best Arab Exchange In Terms Of Volume Weighted Return & Turnover Ratio

Date 10/05/2023

The Egyptian Exchange (EGX) won two annual awards from Arab Federation of Capital Markets (AFCM) for 2022 by The Global Economics; “Best Arab Exchange in terms of volume weighted return” and “Best Arab Exchange in terms of turnover ratio.”

Vienna Stock Exchange: Wiener Börse AG Repeats Record Results Of The Previous Two Years Again In 2022

Date 10/05/2023

• Earnings 2022: Revenues EUR 80.0 mn, profit before tax EUR 47.30 mn
• Strategic initiatives ensure sustainable corporate growth
• Capital market benefits from independent exchange with international network
• New: FirstPlace subscription tool for private investors and investment in European exchange data hub
• Outlook: IPO pipeline filled, equity financing becoming more attractive 

Glue42 And BNY Mellon Launch New Technology To Automate Financial Operations

Date 10/05/2023

Glue42, the interoperability solution provider, today announced their participation in BNY Mellon’s award-winning “Operations-to-Operations” project. This solution streamlines communications between BNY Mellon and their clients and was jointly developed by the two firms.

EGX And Egyptian Financial Regulatory Authority: "CORBEH" Innovation Hub & Sandbox Holds Its First Talk

Date 10/05/2023

The innovation hub and sandbox - "CORBEH", recently launched by The Egyptian Exchange (EGX), in collaboration with Financial Regulatory Authority (FRA), held its first talk on May 8, 2023, with the presence of financial technology business community.

“Banks In The Background”: Four In Ten UK SMEs To Increase Use Of Embedded Financial Services - SMEs Turning To Services Including Lending, Payments And Collections Through Non-Financial Platforms Such As e-Commerce Platforms, Loyalty Apps Or Accounting Software, Driven By Factors Including Improved Customer Service, Cash Flow And Efficiency

Date 10/05/2023

Four in ten UK small and medium-sized businesses (38%) plan to use embedded financial service products more in the next 12 months, according to new findings1 from Temenos, the global banking software company.