News Centre

Waste Plastic Upcycling Lists On Euronext Growth Oslo

Date 22/04/2022

• Fifth admission of 2022 on Euronext Growth Oslo bringing the total number of companies up to 122
• Market capitalisation of approximately NOK 711 million

ETC Group Launches XRP-Backed ETC On Xetra - ETC Group Adds XRP Backed Investment Product To Its Expanding Digital Assets Portfolio Of Exchange Traded Cryptocurrencies (ETCs) In Europe Which Include BTCE, The World’s Most Traded Crypto Exchange Traded Product (ETP)

Date 22/04/2022

ETC Group (www.etc-group.com), Europe’s leading specialist provider of institutional-grade digital asset-backed securities, announced today the listing of the XRPetc - ETC Group physical XRP (Ticker: GXRP) on 22nd April on Deutsche Börse Xetra, Europe’s leading exchange for digital assets. 

Shanghai Stock Exchange Improves Supporting Rules Of Registration-based Issuance System For Corporate Bonds

Date 22/04/2022

With the approval of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) issued today 4 sets of rules on bond business, namely, the SSE Rules of Issuance and Listing Review for Corporate Bonds, the SSE Rules for Listing of Corporate Bonds, the SSE Rules for Listing of Non-publicly Offered Corporate Bonds, and the SSE Measures for Investor Suitability Management on the Bond Market. Upon the issuance of the rules, the SSE’s bond market has basically formed a complete and independent system of rules covering all business lines such as issuance and listing review, underwriting, listing, trading operation, and investor protection. In addition, the significant reduction in the number of the business rules and the concise and user-friendly structure of the rules facilitates the market participants’ reference and use on demand.

UK Financial Conduct Authority Review Finds Weaknesses In Some Challenger Banks’ Financial Crime Controls

Date 22/04/2022

A review by the FCA has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. In some instances, challenger banks did not have financial crime risk assessments in place for their customers.

Hong Kong Securities And Futures Commission: Amendments To The REIT Code In Relation To Bookbuilding And Placing Activities

Date 22/04/2022

The Securities and Futures Commission (SFC) today issued a circular setting out consequential amendments to the Code on Real Estate Investment Trusts (REIT Code) which dovetail with changes to the Code of Conduct (Note 1) in relation to bookbuilding, pricing, allocation and placing activities (Note 2). The changes are part of regulatory enhancements to clarify the roles of intermediaries and set out the standards expected of them in these activities.

Westpac Penalised $113 Million After Multiple ASIC Legal Actions

Date 22/04/2022

The Federal Court has ordered Westpac to pay penalties in the amount of $113 million for widespread compliance failures across multiple businesses, including Westpac’s banking, superannuation, wealth management and insurance brands.

Zhengzhou Commodity Exchange: Notice On Night Trading Session During 2022 Labor Day Holiday

Date 22/04/2022

According to Notice on Trading Schedule during National Holidays for Year 2022, the Exchange hereby clarifies night trading session arrangement during 2022 Labor Day holiday as follows:

Shanghai Stock Exchange: Working Meeting Of 2nd STAR Market Self-Regulatory Committee Proposes Initiative On Further Regulating STAR IPO Charges Of Intermediaries

Date 22/04/2022

The 2nd working meeting of the 2nd IPO Self-Regulatory Committee of the Shanghai Stock Exchange STAR Market (the “Self-Regulatory Committee” for short), held recently, focused on the charges of the IPO intermediaries on the STAR Market, and proposed an initiative for the industry on further regulating the charges collected by the intermediaries.

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Meeting With Chilean Finance Minister Mario Marcel

Date 21/04/2022

Deputy Secretary of the Treasury Wally Adeyemo met with Chilean Finance Minister Mario Marcel today on the margins of the IMF/World Bank Spring meetings. They discussed the economic policy priorities of President Boric’s administration, including on combatting climate change, and the impact of Russia’s war against Ukraine and spillover effects on the global economy. 

Readout: U.S. Secretary Of The Treasury Janet L. Yellen’s Meeting With Swiss Finance Minister And Federal Councillor Ueli Maurer And Swiss National Bank Chairman Thomas Jordan

Date 21/04/2022

U.S. Secretary of the Treasury Janet L. Yellen met today with Swiss Finance Minister and Federal Councillor Ueli Maurer and Swiss National Bank Chairman Thomas Jordan for the first meeting of the Standing Macroeconomic and Financial Dialogue, a new forum for the U.S. and Switzerland to discuss macroeconomic matters. They spoke about economic areas of mutual interest, including the impact of Russia’s unprovoked and brutal war against Ukraine on the Swiss and global economy.