Mondo Visione Worldwide Financial Markets Intelligence

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  • FTSE Mondo Visione Exchanges Index Down By 6.7 % In October, Aquis Exchange Top Performer In October, HKEX Largest Exchange By Market Capitalisation

    Date 09/11/2020

    Shares in the world's largest exchange operating groups fell by 6.7% in October, with all but 5 of the 32 constituents of the FTSE Mondo Visione Exchanges Index being in negative territory. with the Index closing at the end of the month at 62,119.09 points, down from 66,604.18 on 30 September 2020.

     

  • The EBA Reminds Financial Institutions Of The Need For Readiness In View Of The Brexit Transition Period Ending On 31 December 2020

    Date 09/11/2020

    • The transition period agreed between the EU and the UK following the UK withdrawal from the EU on 1 February 2020 will end on 31 December 2020 meaning that EU law will stop to apply in the UK from 1 January 2021. From that date provision of financial services from UK authorised institutions to EU customers on a cross-border basis (passporting) will no longer be possible.
    • UK financial institutions offering services to EU customers should (1) ensure they have obtained the necessary authorisations from EU competent authorities and have effectively established themselves before the end of the transition period, and (2) provide adequate information to their EU customers regarding the availability of services after the end of the transition period.
    • eIDAS certificates issued to the UK-based account information service providers and payment initiation service providers should be revoked and no longer supported.
    • Payment service providers should include additional details regarding the payer and the payee for the transfer of funds between the EU and UK.


  • Chancellor Sets Out Ambition For Future Of UK Financial Services

    Date 09/11/2020

    The UK will remain an open, attractive international financial centre, and extend its global leadership in green finance and financial technology, under plans outlined by the Chancellor Rishi Sunak today (9 November).

  • BIS - Inside The Regulatory Sandbox: Effects On FinTech Funding

    Date 09/11/2020

    Summary

    Focus

    The rise of fintechs promises to spur competition in the financial sector. This could lead to sizeable efficiency gains, more choice for consumers, and enhanced financial inclusion. However, the potentially disruptive growth of firms offering novel products and services poses new challenges for financial stability and consumer protection. In response, policymakers around the world are creating "regulatory sandboxes" to foster innovation in the financial sector while keeping alert to emerging risks. One key objective of sandboxes is to facilitate start-ups' access to capital. The UK Financial Conduct Authority pioneered the world's first regulatory sandbox in 2015. To date, more than 50 countries have adopted sandboxes, but little evidence exists on whether they actually help innovative fintechs raise funding. And if so, why/how.


  • Moscow Exchange: Risk Parameters Change For The Security FDX-RM

    Date 09/11/2020

    As per the Securities market risk parameters methodology, on 09.11.2020, 18-35 (MSK) the lower bound of the price band (up to 18608) and initial margins (up to 22.5 %) for the security FDX-RM were changed. New values are available here