News Centre

Leaders From World Alliance Of International Financial Centers Convene In Dubai For The First Time At DIFC

Date 26/10/2021

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia region is hosting a meeting of WAIFC members in Dubai today for WAIFC’s Annual General Meeting 2021. 35 member representatives took part in the meeting.

Tether Trials Notabene’s State-Of-The-Art Travel Rule Solution For Cross Border Stablecoin Transfers - Leading Stablecoin Tests New Solution To Combat Money Laundering And Crime In Cross-Border VASP-To-VASP Transactions

Date 26/10/2021

Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to, that powers the largest stablecoin by market capitalization, announced today that it will be utilizing Notabene, an end-to-end solution designed for crypto Travel Rule compliance. Tether will begin testing Notabene’s protocol-agnostic solution in order to combat money laundering and crime in cross-border VASP-to-VASP transactions. 

Call For Comments On Margining Practices During The March 2020 Market Turmoil

Date 26/10/2021

• Global standard setters invite comments on a consultative report on margin practices and potential further policy work.
• The report presents a data-driven analysis examining margin calls in March and April 2020 and the extent to which market participants were prepared to meet them.
• There was a broad and rapid increase in margin calls across the financial system in March 2020, with an overall increase in centrally cleared initial margin, while non-centrally cleared initial margin remained relatively stable. 

Saxo Bank’s Crypto Volumes Exceed $2.5bn Year To Date

Date 26/10/2021

Saxo Bank, the online trading and investment specialist, has announced that its selection of crypto products has exceeded 2.5 billion USD (16 billion DKK) in turnover for the year, leading the Danish online broker to increase position limits and add new crypto products in response to significant client demand.

Keynote Address And Official Opening By Mr Marcus Lim, Assistant Managing Director (Banking And Insurance), Monetary Authority Of Singapore, At The 4th ASEAN Insurance Summit On 26 October 2021 - Building A More Resilient And Sustainable ASEAN

Date 26/10/2021

Good morning ladies and gentlemen, and thank you for giving me an opportunity to join you today at the ASEAN Insurance Summit. 

When we last met in 2018, the focus of the Summit was on the 4th Industrial Revolution, and how digitalisation and new technologies could impact the ASEAN insurance sector. 

Islamic Development Bank Rings Nasdaq Dubai’s Market-Opening Bell To Celebrate US$ 1.7 Billion Sukuk Listing

Date 26/10/2021

• The issuance reinforces the Bank’s position on top of Nasdaq Dubai’s supranational Sukuk issuers
• Total value of Sukuk listings on Dubai capital markets, one of the largest Sukuk listing venues globally, reaches US$ 80.1 billion

ComplyAdvantage Partners With Elliptic For Blockchain Analysis And Transaction Monitoring - RegTech Innovators Offer A Comprehensive Cryptocurrency Payments Compliance Solution Designed For Fast Growing Crypto Businesses

Date 26/10/2021

ComplyAdvantage, a global data technology company transforming financial crime detection, and Elliptic, the global leader in crypto asset risk management solutions, today announced a new blockchain analysis and transaction monitoring tool that will help crypto firms detect and avoid financial crime.

Japan Financial Services Agency : Publication Of The "Social Bond Guidelines”

Date 26/10/2021

In March this year, the Financial Services Agency established the "Working Group on Social Bonds" under the Expert Panel on the Sustainable Finance. The Working Group discussed the practical guidelines for Social Bonds which can be used as reference when considering specific measures regarding Social Bonds issued by ordinary companies in the private sector. Based on these discussions, the "Social Bond Guidelines (Draft)" were created by the Financial Services Agency.

Hong Kong Securities And Futures Commission Bans Lau Tin Yau For Life

Date 26/10/2021

The Securities and Futures Commission (SFC) has banned Mr Lau Tin Yau, a former relationship manager of Standard Chartered Bank (Hong Kong) Limited (SCBHK) and former execution dealer of UOB Kay Hian (Hong Kong) Limited (UOB) and UOB Kay Hian Futures (Hong Kong) Limited (UOB Futures), from re-entering the industry for life (Note 1).

BIS: Call For Comments On Margining Practices During The March 2020 Market Turmoil

Date 26/10/2021

• Global standard setters invite comments on a consultative report on margin practices and potential further policy work.
• The report presents a data-driven analysis examining margin calls in March and April 2020 and the extent to which market participants were prepared to meet them.
• There was a broad and rapid increase in margin calls across the financial system in March 2020, with an overall increase in centrally cleared initial margin, while non-centrally cleared initial margin remained relatively stable.