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Bank Of England: Bank Rate Increased To 0.75% - March 2022: Monetary Policy Summary And Minutes Of The Monetary Policy Committee Meeting

Date 17/03/2022

Monetary Policy Summary, March 2022

The Bank of England condemns Russia’s unprovoked invasion and the suffering inflicted on Ukraine. The Bank is working closely with the UK Government to support its response in coordination with international authorities. The Bank’s Monetary Policy Committee (MPC) supports this condemnation and welcomes these actions.

Trading Hours During The Holy Month Of Ramadan Eid Al Fiter Holiday For The Saudi Exchange

Date 17/03/2022

Saudi Exchange announces that trading hours during the holy month of Ramadan will remain unchanged and as follow:

Bybit Levels Up Compliance Standards With Membership In The VerifyVASP Alliance

Date 17/03/2022

Bybit, the fastest growing cryptocurrency exchange, is now a member of VerifyVASP Alliance. With this integration, Bybit streamlines compliance with the Travel Rule requirements as the exchange brings cryptocurrency transactions on its platform to comply with the Financial Action Task Force (FATF)'s guidance.

Hong Kong Securities And Futures Commission Publicly Censures Wonderful Sky Financial Group Holdings Limited And Liu Tianni And Publicly Criticises Liu Kiki Ching Tung For Breaching The Code On Share Buy-Backs

Date 17/03/2022

The Securities and Futures Commission (SFC) has publicly censured Wonderful Sky Financial Group Holdings Limited  and Liu Tianni and publicly criticised Liu Kiki Ching Tung for breaching the Code on Share Buy-backs.

Microsoft For Startups And Ansarada Announce New Global Partnership

Date 17/03/2022

• Microsoft for Startups and Ansarada unite to make it easier and faster for startups to raise capital and grow
• Ansarada is the first third-party technology vendor to forge a global partnership of this kind with Microsoft for Startups
• Ansarada’s suite of solutions offered to every participant of Microsoft for Startups global program

Levelling The SPACs Playing Field: Investors Call For More Transparency And Better Investor Protection - Report On SPACs From BETTER FINANCE & CFA Institute: Impacts On Transparency, Information Disclosure, Investor Protection And Supervision

Date 17/03/2022

Although SPACs - Special Purpose Acquisition Companies - have existed for quite some time, their sudden popularity over the last few years has drawn the attention of investors and regulators alike. In their latest joint report, BETTER FINANCE and CFA Institute shed light on the debate around SPACs also known as “blank cheques companies”. Based on the input from professional and retail investors and the overall findings of their joint study, BETTER FINANCE and CFA Institute believe that SPACs represent an important tool for the growth of EU capital markets, providing an alternative to traditional IPOs and a faster way for companies to go public. However, safeguards should be in place. The report discusses ways to preserve investor protection for retail investors and calls for more transparency on SPACs in the EU market. It introduces ways to address information disclosure and incentive structures in SPACs.  

MONETA Wins Celent Model Bank 2022 Award For Card Modernisation Initiative With Fiserv - Shift To An Outsourced SaaS Approach Anticipated To Reduce Operational Costs By 30% While Furthering Bank’s Digital Transformation Strategy

Date 17/03/2022

MONETA Money Bank, one of the largest banks in the Czech Republic, has won a Celent Model Bank 2022 Retail Payments Transformation award for its card modernisation initiative. The strategically planned and precisely executed initiative, undertaken with Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, will enable the bank to cut operating costs by 30% within five years and further its digital transformation.

Bitfinex Lists Gala Games Amid Crypto Gaming Boom

Date 17/03/2022

Bitfinex, a state-of-the-art digital token trading platform, has listed Gala (GALA), a decentralized gaming ecosystem. The addition of GALA broadens Bitfinex’s support for gaming tokens, a sector poised for significant growth this year amid an explosion of interest in digital gaming and Non Fungible Tokens (NFTs).

X-Margin’s Credit Evaluation Will Reduce The Inherent Risk Of DeFi Lending By Providing Greater Visibility To Lenders Using The Atlendis Protocol

Date 17/03/2022

Atlendis, a capital-efficient DeFi lending protocol that enables crypto loans without collateral, is partnering with X-Margin, the credit oracle risk engine for trading firms and institutions, to enable capital-efficient crypto borrowing and lending. The partnership will accelerate the adoption of uncollateralized loans on the blockchain, by using proven methodologies to reduce the inherent risk of DeFi lending.

ETC Group And HANetf Launch Europe’s First Metaverse ETF Tracking Solactive Index

Date 17/03/2022

The Metaverse has already attracted billions of dollars of investment, with the potential of $8.3 trillion total consumer expenditure in the US alone and a potential market size of $12 trillion globally – according to banks, Morgan Stanley1 and Goldman Sachs2. Many big techs start to see this revolutionary concept as their next direction of development. Now Solactive is pleased to announce that HANetf and ETC Group have launched the first metaverse thematic ETF in Europe, the ETC Group Global Metaverse Equity UCITS ETF (ticker: METR), tracking Solactive ETC Group Global Metaverse Index (Net Total Return).