News Centre

Press Conferemce: Christine Lagarde, President Of The ECB, Luis de Guindos, Vice-President Of The ECB

Date 11/03/2021

Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of the meeting of the Governing Council, which was also attended by the Commission Executive Vice-President, Mr Dombrovskis.

BNP Paribas Is Looking To Acquire Up To 100% Of Exane

Date 11/03/2021

After a successful 17-year partnership, BNP Paribas is looking to acquire up to 100% of Exane*, raising its stake from the 50% currently held.

Moscow Exchange: Risk Parameters Change For The Security RU000A1006G4

Date 11/03/2021

As per the Securities market risk parameters methodology, on 11.03.2021, 13-45 (MSK) the upper bound of the price band (up to 121.5) and initial margins (up to 20 %) for the security RU000A1006G4 were changed. New values are available here

PIMFA, Which?, UK Finance, FSCS And Work & Pensions Select Committee Chair Rt. Hon. Stephen Timms MP Call For Economic Harm To Be Included In The Government’s Forthcoming Online Safety Bill

Date 11/03/2021

• Covid pandemic has created ‘a digital adventure playground’ for organised crime with reported online fraud up 50% since last year.
• At least one fake investment website reported by FSCS every day.
• Over 40 000 savers have been scammed in the first five years of pension freedoms.
• FCSC have evidence of fraudsters impersonating them and using the FSCS logo to scam consumers.
• Action Fraud data shows 89,153 reports of fraud at an estimated cost of £406.5m in the first two months of 2021.
• Action Fraud data shows of the total there were 4,450 reports of investment fraud valued at £109.6m over the same period.

Take The China-Central And Eastern European Capital Market Collaboration To The Next Stage: Shanghai Stock Exchange Signs MOU With Belgrade Stock Exchange

Date 11/03/2021

On March 9, 2021, the Shanghai Stock Exchange (SSE) and the Belgrade Stock Exchange (BELEX) signed a Memorandum of Understanding (MoU) to foster cooperation in information, research, staff exchange and product development. The signing ceremony was held virtually with Mr. Cai Jianchun, President of the SSE, and Mr. Siniša Krneta, CEO of BELEX, representing the two exchanges.

Changes To Saxo Bank’s Board Of Directors: Saxo Bank Appoints New Chairman - Former Group CEO And President Of Sampo plc

Date 11/03/2021

At the annual general meeting of the Saxo Bank Group, the shareholders have elected Kari Stadigh, former Group CEO and President of Sampo plc., as new Chairman of the Board. Kari Stadigh will replace Daniel Donghui Li, CEO of Zhejiang Geely Holding Group, who will continue as a regular member of the Board. Yifan Zhang, Financial Sector GM and Management Committee Member of Geely Holding Group, has been elected as a member of the Board and will replace Ian Zhang, CFO of Polestar, who has served as a member of the Board since 2018.

Macro Hive Becomes First Ever Full Service Financial Research Firm To Accept Bitcoin For Payment

Date 11/03/2021

Macro Hive, a leading independent research provider for investors, is now the first full service financial research firms in the world to accept cryptocurrency for its services. Having partnered with CoinPayments, the world’s largest cryptocurrency payments processor, Macro Hive now accepts Bitcoin, Litecoin and Ethereum for both its retail products. This is in response to increasing demand from customers to use new technologies and demonstrates the increasing adoption of cryptocurrencies in the traditional economy. Macro Hive joins Tesla, Microsoft and Shopify in accepting bitcoin for payments.

GLEIF Launches New Stakeholder Group To Accelerate The Integration Of LEIs In Digital Certificates - Certification Authorities And Trust Service Providers From Across The Globe Collaborate With GLEIF To Advance Trust And Transparency Across The Digital Identity Ecosystem

Date 11/03/2021

The Global Legal Entity Identifier Foundation (GLEIF) has announced a new collaboration with Certification Authorities (CAs) and Trust Service Providers (TSPs), to drive the use of Legal Entity Identifiers (LEIs) within digital certificates.

Hong Kong Securities And Futures Commission: Market Misconduct Tribunal Sanctions Magic Holdings International Limited And Its Directors For Late Disclosure Of Inside Information

Date 11/03/2021

The Market Misconduct Tribunal (MMT) has fined Magic Holdings International Limited (Magic) and five of its directors a total of $4 million after they were found to be culpable of late disclosure of inside information on L’Oréal S.A.’s (L’Oréal) proposed acquisition of Magic in 2013.

Over Half Of Financial Institutions Admit LIBOR Transition Plans Delayed By Covid-19 - Despite December 2021 Deadline 40% Of Companies Haven’t Started Planning Or Have Only Been Planning For Less Than A Year

Date 11/03/2021

A research report from SDL, part of RWS Holdings plc, highlights the immense pressure that major financial services organizations are under to ensure they are ready to transition away from the London Inter-bank Offered Rate (LIBOR) – which underpins approximately $400 trillion worth of contracts – by the end of 2021.