News Centre

Over Three Quarters Of Financial Institutions Are Not Prepared For LIBOR Transition, According To New Research From Duff & Phelps, A Kroll Business

Date 05/05/2021

Duff & Phelps, A Kroll Business, the world’s premier provider of governance, risk and transparency solutions, today publishes research revealing 77% of financial institutions do not have a comprehensive plan in place for LIBOR transition, which is due to take place on 31 December 2021.

Nasdaq Stockholm: Decision By The Disciplinary Committee Regarding Swedbank AB

Date 05/05/2021

The Disciplinary Committee of Nasdaq Stockholm has found that Swedbank AB (“Swedbank” or the “Company”) has breached the rules of Nasdaq Stockholm (the “Rulebook”) and therefore ordered the Company to pay a fine of twelve annual fees, corresponding to an amount of SEK 46,575,000.      

TORA OEMS Chosen For Fixed Income By Cowen Outsourced Trading

Date 05/05/2021

TORA, provider of industry leading trading technology, has today announced that Cowen Outsourced Trading has selected TORA’s Order and Execution Management System (OEMS) for Fixed Income across USA, Europe and Asia.

Moscow Exchange: Risk Parameters Change For The Security VNT-RM

Date 05/05/2021

As per the Securities market risk parameters methodology, on 05.05.2021, 10-52 (MSK) the upper bound of the price band (up to 2751) and initial margins (up to 27.5 %) for the security VNT-RM were changed. New values are available here

Metro Bank And Backbase Extend Strategic Partnership To Accelerate Digital Transformation - UK Challenger Bank Signifies Long-Term Commitment To Enhancing Customer Experience Using Backbase’s Engagement Banking Platform

Date 05/05/2021

Engagement banking technology provider Backbase today announces it has renewed its partnership with leading UK retail and commercial challenger bank Metro Bank. The focus of the renewed partnership sees Backbase providing dedicated digital innovation support for Metro Bank’s business banking customers. By leveraging the latest cloud-native version of Backbase’s platform, which includes a vast amount of off-the-shelf accelerators for business banking, Metro Bank is able to further enhance and tailor the experience offered to its business customers.

yorkcg.com: BaFin Investigates YORKCG

Date 05/05/2021

ACER Finds Serious Shortcomings In ENTSOs’ Energy Network Plans – Underlining The Need For Current TEN-E Reforms To Strengthen Independent Project Assessments

Date 05/05/2021

Massive investment at efficient cost in energy infrastructure is needed in Europe to deliver on the energy transition. Every two years, ACER provides a non-binding opinion on the draft grid plans (called Ten-Year Network Development Plans or TYNDPs) proposed by the network operators.

LedgerEdge Selects Exactpro To Deliver Resilience For Its Distributed Ledger Enabled Corporate Bond Trading Ecosystem

Date 05/05/2021

Exactpro, a leading software testing provider for mission-critical financial market infrastructures, today announces it has been chosen by LedgerEdge, the next-generation ecosystem for corporate bond trading, to deliver functional testing and ensure the resilience of LedgerEdge’s global corporate bond trading platform powered by distributed ledger technology.

HUBUC Partners With ComplyAdvantage To Enhance Its Compliance Capabilities

Date 05/05/2021

• Embedded finance provider HUBUC bolsters its compliance capabilities by partnering with ComplyAdvantage to benefit from its global, fast and up-to-date screening of entities and transactions.
• Compliance is a key part of HUBUC’s platform offering – saving its business clients the cost and time associated with managing in-house.
• The partnership will provide compliance and security functions, including transaction monitoring, payment screening, politically exposed persons (PEP) and adverse media screening.
• Compliance is an increasingly important (and costly) issue for businesses globally - with non-compliance associated costs around 2.71 times higher than the cost of compliance.

The World Federation Of Exchanges And United Nations Sustainable Stock Exchanges Initiative Publish Joint Paper On How Derivatives Exchanges Can Promote Sustainable Development

Date 05/05/2021

The United Nations Sustainable Stock Exchanges (SSE) initiative is today launching new guidance for derivatives exchanges, prepared in collaboration with the World Federation of Exchanges (WFE), the global industry group for exchanges. The joint report provides guidance on ‘How Derivatives Exchanges can Promote Sustainable Development - An Action Menu’.