News Centre

Refinitiv Survey Reveals True Impact Of COVID-19 On Supply Chain Due Diligence - New Research Shows Only 44% Of Organisations Conducted Third-Party Due Diligence Checks During The COVID-19 Pandemic, As Companies Struggled To Prevent Extensive Supply Chain Disruption By Creating New Third-Party Relationships

Date 07/07/2021

Refinitiv, an LSEG business, one of the world’s largest providers of financial markets data and infrastructure, has published the findings of its global risk management survey. The report highlights how the COVID-19 pandemic substantially increased customer and third-party risks, and that technology holds the potential to help organisations respond to the risk challenge.

ACER Market Monitoring Report – Early Release: The Lasting Negative Impact Of Unscheduled Flows On Electricity Cross-Border Capacity (2015-2020)

Date 07/07/2021

Early conclusions of the upcoming ACER Market Monitoring Report confirm that while the electricity wholesale markets continue to integrate across the EU, some significant challenges remain. In particular, the available cross border capacity remains insufficient, and this is partly due to important levels of unscheduled flows (UFs).

Japan Financial Services Agency’s Efforts To Promote Innovation

Date 07/07/2021

In order to create highly convenient services through digital innovations, the Financial Services Agency (JFSA) adequately identify regulatory and technological issues and address them in an integrated manner through FinTech Innovation Hub. As a specific initiative, we will introduce the “FIN/SUM”, a global symposium on FinTech, contribution to the Blockchain Governance Initiative Network (BGIN), and efforts on governance issues in decentralized financial system through Blockchain Multilateral Joint Research Project.

Kuwait-Based Path Solutions Shortlisted In Three Categories At GAMECHANGERS (ACQ5) GLOBAL AWARDS 2021

Date 07/07/2021

We are glad to share the news that Path Solutions and its Group Chairman & CEO have been announced as winners in the GAMECHANGERS (ACQ5) GLOBAL AWARDS 2021, under the following categories:

• Islamic Financial Software Provider of the Year, Path Solutions
• Core Banking System Provider of the Year (Islamic Finance), Path Solutions for the seventh year 
• Gamechanger of the Year (Fintech) - Mohammed Kateeb, Group Chairman & CEO for the third consecutive year. 

Saxo Bank Appoints Mette Ingeman Pedersen As Group CFO

Date 07/07/2021

Mette Ingeman Pedersen will be joining Saxo Bank as the new Group Chief Financial Officer and member of the Board of Management and Executive Team. She will report directly to Kim Fournais, CEO & Founder.

Japan Financial Services Agency Publishes An English Translation Of The "Comprehensive Guidelines For Supervision Of Insurance Companies"

Date 07/07/2021

In recent years, as Japanese insurance companies have been expanding their business overseas, the FSA has been working to accurately communicate the policies and focus of insurance supervision to overseas authorities and foreign insurance companies, as well as to strengthen cooperation with overseas authorities on supervisory measures.

HKEX Monthly Market Highlights

Date 07/07/2021

Highlights

- Securities Market

• Market capitalisation was $52.8 trillion at the end of June 2021, an increase of 39 per cent from $37.9 trillion for the same period last year.
• The average daily turnover in June 2021 was $145.5 billion, an increase of 16 per cent from $125.6 billion for the same period last year.
• The average daily turnover for the first six months of 2021 was $188.2 billion, an increase of 60 per cent when compared with $117.5 billion for the same period last year.
• The average daily turnover of derivative warrants for the first six months of 2021 was $12.5 billion, an increase of 58 per cent when compared with $7.9 billion for the same period last year.
• The average daily turnover of ETFs for the first six months of 2021 was $6.1 billion, an increase of 15 per cent when compared with $5.3 billion for the same period last year.
• The average daily turnover of Debt Securities for the first six months of 2021 was $0.40 billion, an increase of 60 per cent when compared with $0.25 billion for the same period last year.
• Funds raised through IPOs for the first six months of 2021 was $210.4 billion, an increase of 127 per cent when compared with $92.8 billion for the same period last year.
• Total funds raised for the first six months of 2021 was $482.5 billion, an increase of 108 per cent when compared with $232.3 billion for the same period last year.

Japan Financial Services Agency - Stewardship Code : 309 institutional investors have signed up to the Principles for Responsible Institutional Investors as of June 30, 2021

Date 07/07/2021

The Council of Experts Concerning the Japanese Version of the Stewardship Code (Chairman: Professor Hiroyuki Kansaku, University of Tokyo Graduate Schools for Law and Politics) published the Principles for Institutional Investors (Japan’s Stewardship Code, hereinafter referred to as "the Code") on February 26, 2014.

Circular On Self-Regulatory Measures Taken By CFFEX In June 2021

Date 07/07/2021

To prevent market risks, maintain the orderly operation of the market and protect investors’ legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in June 2021.

Shanghai Gold Exchang Data Highlights - June, 2021

Date 07/07/2021

The monthly report of data highlights (June, 2021) is now available online.