News Centre

Dubai Financial Services Authority, UAE Accountants & Auditors Association And The International Ethics Standards Board For Accountants Hosts Middle East Webinar On Non-Assurance Services And Fee-Related Revisions To The IESBA Code

Date 20/10/2021

The Dubai Financial Services Authority (DFSA), along with the UAE Accountants & Auditors Association (AAA) and the International Ethics Standards Board for Accountants (IESBA) hosted a Middle East webinar on non-assurance services (NAS) and fee-related revisions to the IESBA Code.

H.E. Mohammed bin Hadi Al Hussaini Rings Market-Opening Bell To Celebrate Listing The UAE Sovereign Bonds On Nasdaq Dubaidispersion

Date 20/10/2021

• Global books to the first-of-its-kind sovereign bonds in the UAE peaked at USD 22.5 billion, representing a 5.6x oversubscription.
• The high demand of investors for the UAE’s sovereign bonds reaffirms the UAE’s strong credit rate and strong and balanced economy.
• The Ministry of Finance issued bonds that achieved the lowest-ever yield for a debut sovereign from the GCC.
• The United Arab Emirates is the first-ever sovereign to do a US dollar benchmark issuance in the 20-year tenor in the GCC.

Ja[an Financial Services Agency: Publication Of "Progress Report On Enhancing The Asset Management Business 2021"

Date 20/10/2021

"Progress Report on Enhancing the Asset Management Business 2021" was published by the Financial Services Agency in Japan (FSA), on 25th June this year. This report highlights FSA's trend analysis of the asset management business for both domestic and international perspectives. This report also outlines the key challenges identified through interviews with overseas asset managers and the dialogues with domestic asset managers as well as the cource of potential actions going forward.

The Amman Stock Exchange Requests Listed Companies To File The Interim Financial Reports Of The Third Quarter 2021 Before The End Of The Specified Period

Date 20/10/2021

Mr. Mazen Wathaifi the Chief Executive Officer of Amman Stock Exchange (ASE) said that the ASE is still receiving the reviewed quarterly reports of listed companies for the period ended September 30, 2021, through the e- disclosure System XBRL the only official way for disclosure.

SBI SECURITIES Centralises Settlement Operations With Broadridge

Date 20/10/2021

To enhance services to its clients and further automate operations across business lines, SBI SECURITIES Co., Ltd., one of Japan’s largest online securities companies, has expanded its business relationship with Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader. SBI SECURITIES is migrating the post-trade operations of its Hong Kong and Singapore businesses to Broadridge’s cloud-based ASP service in Asia and is adding new services to automate confirmation and statement output to clients. In addition, SBI SECURITIES will be leveraging Broadridge’s SWIFT Service Bureau to automate SWIFT messaging workflows globally directly with its custodian, enabling them to outsource the whole post-trade processing value chain to Broadridge. 

FundsDLT And UBS AM Explore Blockchain-Based Fund Distribution

Date 20/10/2021

FundsDLT and UBS Asset Management (UBS AM) have successfully concluded a proof-of-concept pilot that aimed to explore a front-to-back blockchain-based investment fund distribution model. FundsDLT, a decentralised platform for fund transaction processing, and UBS AM were supported by experts from the i.AM Lab, a research and product development company in Zurich.

ETFGI Reports ETFs And ETPs Listed In Europe Gathered A Record US$155 Billion In The First 9 Months Of 2021

Date 20/10/2021

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that ETFs and ETPs listed in Europe gathered a record US$154.60 billion in the first 9 months of 2021.  YTD 2021 net inflows are $35 billion greater than the $119.93 Bn gathered in full year 2020. Net inflows of US$15.06 billion were gathered during September, bringing year-to-date net inflows to US$154.60 billion. Assets invested in the European ETFs/ETPs industry have decreased by 2.7%, from US$1.54 trillion at the end of August, to US$1.50 trillion, according to ETFGI's September 2021 European ETFs and ETPs industry landscape insights report, the monthly report which is part of the annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Deutsche Börse Cash Market: Mutares SE & Co. KGaA New In Prime Standard

Date 20/10/2021

Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since today. The company with headquarters in Munich was previously listed in the Scale segment.

BME: Sacyr Registers A 104 Million Euro Green Securitisation Fund With MARF

Date 20/10/2021

• The issue qualifies as a Green Bond in accordance with the characteristics of the projects whose rights have been transferred to the fund

Opensee’s Big Data Analytics Platform Goes Live At Societe Generale

Date 20/10/2021

• Opensee accelerates how data and solutions are delivered to end-users in Societe Generale’s finance and risk divisions while slashing infrastructure and running costs
• First implemented on ALM and FRTB, several more use cases for Opensee platform at Societe Generale are imminent
• Opensee was part of Societe Generale’s incubator programme