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Why Does The FCA Care About Diversity And Inclusion? Speech By Georgina Philippou, Senior Adviser To The FCA On The Public Sector Equality Duty, Given At The Ethnic Diversity In The City And Corporate UK Summit

Date 28/01/2021

Highlights

• Financial services generally are not diverse and that is not a good thing for anyone. But it is also important to remember that diversity is one thing and inclusion is another; without an inclusive culture, the value of diversity, when achieved, will not be realised.
• As the FCA, we want to see a healthy financial services industry; we want to mainstream diversity and inclusion into all of our regulatory processes.
• The responsibility for creating and maintaining more ethnically diverse and inclusive cultures in the financial service industry sits with us all.

MVIS CryptoCompare Institutional Bitcoin Index Licensed To Ninepoint Partners LP

Date 28/01/2021

Today, MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, the global leader in digital asset data, announced the licensing of the MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC) to Ninepoint Partners LP (Ninepoint Partners) for the use in a fund. The fund’s investment objectives are to seek to provide its unitholders with exposure to the digital currency Bitcoin through an institutional-quality, cost-efficient platform, and to provide a secure, simpler and exchange-traded investment alternative for buying and holding Bitcoin.

LSEG All Share Acquisition Of Refinitiv: Update

Date 28/01/2021

Further to the announcement on 19 January 2021, London Stock Exchange Group plc (“LSEG” or the “Company”) confirms that, subject to completion of its all-share acquisition of Refinitiv (the “Transaction”) occurring on 29 January as expected, 179,610,123 consideration shares comprising: (i) 112,254,597 voting ordinary shares with a nominal value of 6⁷⁹/₈₆ pence each; and (ii) 67,355,526 limited-voting ordinary shares with a nominal value of 6⁷⁹/₈₆ pence each (which limited-voting ordinary shares will not be admitted to listing or trading), will be issued to the Refinitiv Sellers to satisfy the consideration due under the terms of the Transaction.  LSEG also confirms, as described in the prospectus published on 9 December 2020 (the “Prospectus”), that admission of the entire enlarged voting ordinary share capital of LSEG (including the 112,254,597 voting ordinary shares issued to the Refinitiv Sellers), consisting of a total of 463,841,689 voting ordinary shares, to the premium segment of the Official List and to trading on London Stock Exchange’s Main Market is also expected to take place at 8:00am on 29 January 2021 (“Admission”).

Risk Parameters Change For The Securities ABT-RM And AAL-RM

Date 28/01/2021

Please follow the links below to access the information:

Risk parameters change for the security ABT-RM
Risk parameters change for the security AAL-RM

LiquidityBook Finishes Volatile Year With Record Revenues, Major Staff Expansion - SaaS-Based POEMS Provider Exceeds Pre-Pandemic Sales Targets

Date 28/01/2021

LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, today announced its business soared to new heights in 2020, exceeding internal goals on revenue growth, client wins and staffing amid daunting circumstances. This strong performance was fueled by a continued rise for its industry-leading POEMS (portfolio, order and execution management system) platform, which provides significant cost, management and functionality benefits over legacy platforms.

ACER: New REMIT Quarterly Just Published

Date 28/01/2021

The 23rd edition of ACER’s REMIT Quarterly has been published on the REMIT Portal. Covering the last quarter of 2020, this edition highlights the impact that Brexit and Covid-19 have had on the implementation of REMIT, describes ACER’s data quality work in 2020, and summarises some important publications recently published, including the Q&As on REMIT fees and the Open Letters on Brexit, Covid-19, and data quality.

Refinitiv Adds Cybersecurity And Company Credit Risk Ratings To Due Diligence Reports - Partnerships With BitSight And Creditsafe Follow Inclusion Of ESG Data From Sigwatch And Acquisition Of The Red Flag Group

Date 28/01/2021

Refinitiv is further expanding the scope of its data-driven due diligence reports with the addition of cybersecurity and company credit risk ratings from BitSight and Creditsafe. The data partnerships follow Refinitiv’s recent inclusion of ESG data and its acquisition of The Red Flag Group.

BaFin Files Criminal Complaint Against Employee On Suspicion Of Insider Trading In Wirecard

Date 28/01/2021

On 27 January 2021, BaFin filed a criminal complaint to the public prosecutor’s office in Stuttgart against an employee on suspicion of insider trading. The employee, working in BaFin’s Securities Supervision Sector, had sold structured products with Wirecard AG shares as the underlying on 17 June 2020. On 18 June 2020, Wirecard AG publicly announced that there was still a lack of sufficient audit evidence on the existence of trust account balances totalling EUR 1.9 billion. The suspected case of insider trading was revealed during a special inspection conducted by the supervisory authority. BaFin immediately suspended the employee and initiated disciplinary proceedings.

UK Financial Conduct Authority Asks Banks To Reconsider Branch Closures During Coronavirus Lockdown

Date 28/01/2021

Firms are reminded to consider the impact of national restrictions on compliance with the Principles, given our existing guidance on branch closures. 

Montagu Private Equity To Acquire Majority Position In ITRS Group From TA Associates

Date 28/01/2021

Montagu Private Equity (“Montagu”), a leading European private equity firm, today announces it has agreed to acquire a majority position in ITRS Group (“ITRS”), a leading global provider of real-time monitoring and analytics software from TA Associates (“TA”), who will remain a minority holder alongside Montagu and Management. Completion is expected next month, subject to customary closing requirements. The terms of the transaction were not disclosed.