News Centre

AML Study Reveals Manual Processes Are Slowing Down Banking Compliance - AML Banking Survey By RiskScreen Finds 8 In 10 Complain Their Compliance Processes Are Too Labour Intensive, Slowing Down Onboarding And Screening

Date 02/12/2021

 The study commissioned by RiskScreen, an award-winning provider of onboarding, screening and in-life monitoring technology, also found two-thirds of compliance professionals at banks rely on manual processes for performing necessary KYC checks.

Proposed Acquisition Of interactive investor Limited

Date 02/12/2021

abrdn announces plans to acquire 100 per cent. of the UK's leading subscription-based investment platform interactive investor for £1.49 billion. abrdn and interactive investor have a shared vision of the growth and development of the wealth market and a commitment to being the customer champion. This acquisition will significantly enhance our presence and growth opportunities within a fast-growing and attractive market.

Bank Of England: The Alternative Liquidity Facility

Date 02/12/2021

The Bank of England has today opened the Alternative Liquidity Facility (ALF), which has taken deposits from participating UK-based Islamic banks for the first time.

Two New Companies And A Partner Join BME’s Pre-Market Environment

Date 02/12/2021

• 18 companies are already part of this open training, coaching and networking programme, which accelerates the process of access to the capital markets
• The partners help to identify companies with growth potential, collaborate in the training sessions and take part in the networking with investors and companies

Moscow Exchange: Risk Parameters Change For The Securities

Date 02/12/2021

The following risk parameters will be changed:

Antitrust: European Commission Fines UBS, Barclays, RBS, HSBC And Credit Suisse € 344 million For Participating In A Foreign Exchange Spot Trading Cartel

Date 02/12/2021

The European Commission has completed its cartel investigation into the Foreign Exchange (‘Forex') spot trading market by imposing fines on five banks. The Commission has adopted today a decision imposing a total fine of € 261 million on the four banks that decided to settle the case, namely UBS, Barclays, RBS and HSBC. The Commission has also fined Credit Suisse € 83 million under the ordinary procedure.

Comment From Nick Bayley, Kroll - FCA Confirms New Listing Rules To Boost Growth And Innovation On UK Stock Markets

Date 02/12/2021

Nick Bayley, managing director at Kroll comments on the FCA’s confirmation of new Listing Rules to boost growth and innovation on UK stock markets:

“These are the most radical changes to the UK Listing Rules that the market has seen for decades.  They represent a bold attempt to arrest the seemingly inexorable long-term decline of London as global listing venue.   

Moscow Exchange: Risk Parameters Change For The Security RU000A0JWC82

Date 02/12/2021

As per the Securities market risk parameters methodology, on 02.12.2021, 13-15 (MSK) the upper bound of the price band (up to 101.76) and initial margins (up to 10 %) for the security RU000A0JWC82 were changed. New values are available here

ICBC Brings Multi-Currency Carbon Neutrality Themed Green Bond To LGX

Date 02/12/2021

In a hybrid Ring the Bell ceremony attended by Luxembourg Minister of Finance Pierre Gramegna, the Luxembourg Stock Exchange (LuxSE) and the Industrial and Commercial Bank of China (ICBC) today celebrated the listing of the bank’s recent multi-currency carbon neutrality themed green bond on LuxSE. The bond is also displayed on the world’s leading platform for sustainable finance, the Luxembourg Green Exchange (LGX).

Pirum & Functional Scala - 2nd - 3th December 2021

Date 02/12/2021

Pirum is thrilled to support and be sponsor of Functional Scala event 2021.