News Centre

EGX Approves Listing Of The Largest Securitization Bond Issuance Worth EGP 10 Billion

Date 08/11/2020

EGX’s Listing Committee approved the listing of Securitization Bonds with a total value of EGP 10bn. The issuance represents 31 percent of the total value of current bond and Sukuk issues, amounting to 31.8 billion pounds. Brings the total number of bonds issues listed in 2020 to 11, the largest number of listed securitization bonds and Sukuk since January 2014, with a total value of EGP 24.1 bn.

Chaired By ESCA, IOSCO’s GEMC Publishes A Report On The Development Of Emerging Capital Markets And Puts Forward Key Recommendations And Solutions To Increase Liquidity And Support Growth

Date 08/11/2020

Chaired by ESCA, IOSCO's GEMC publishes a report on the development of emerging capital markets and puts forward key recommendations and solutions to increase liquidity and support growth

FinTech Ripple Chooses DIFC For Regional Headquarters

Date 08/11/2020

• Ripple’s presence supports DIFC’s vision to shape the future of finance
• Operating within DIFC’s dynamic and innovative ecosystem, Ripple will work with local and regional financial institutions to revolutionise the payments industry
• Demonstrates commitment to the Emirates Blockchain Strategy 2021 that will accelerate seamless transactions and improve efficiency

EGX Signs An MoU With GAFI To Facilitate Procedures For Listing & Capital Increases

Date 08/11/2020

The Egyptian Exchange (EGX) signed a memorandum of Understanding (MOU) with the General Authority for Investment and Free Zones (GAFI) to facilitate the procedures for capital increases for listed companies, and to enhance cooperation simplifying procedures mechanism and improving the business environment in Egypt.

Biden Will Deliver A Boost To Stock Markets And Economy – Comments By Nigel Green, Chief Executive And Founder Of deVere Group

Date 07/11/2020

President-elect Joe Biden will deliver a boost to global stock markets and the U.S. and world economy, affirms the CEO of one of the world’s largest independent financial advisory organizations.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 06/11/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of November 2, 2020 as indicated in the Weekly Notice. 

Moscow Exchange: Risk Parameters Changes For The Security BIIB-RM - Update 2

Date 06/11/2020

As per the Securities market risk parameters methodology, on 06.11.2020, 23-46 (MSK) the lower bound of the price band (up to 20009) and initial margins (up to 29.75 %) for the security BIIB-RM were changed. New values are available here

Nadex Refrains From Listing Certain Contracts

Date 06/11/2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No EUR/JPY, GBP/JPY, or USD/CAD 5-Minute contracts were listed for the 6:05pm or 6:10pm ET expiration times on trade date November 2, 2020;

• No AUD-USD, EUR-JPY, EUR-USD, GBP-JPY, GBP-USD, USD-CAD, or USD-JPY 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date November 3, 2020;

• No GBP-JPY, GBP-USD, or USD-CAD 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date November 4, 2020;

• No GBP-JPY or USD-CAD 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date November 5, 2020;

• No USD/CAD 5-Minute contracts were listed for the 6:05pm ET expiration time on trade date November 6, 2020.

Office Of The Comptroller Of The Currency: Libor Transition: Interagency Statement On Reference Rates For Loans

Date 06/11/2020

Summary

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (the agencies) today issued a statement reiterating that the agencies do not endorse a specific replacement rate for the London InterBank Offered Rate (Libor), which is expected to cease after 2021. Banks1 may use any reference rate for loans that the banks determine to be appropriate for their funding models and customer needs. Banks should include language in lending contracts that provides for using a robust fallback rate if the initial reference rate is discontinued.

Federal Reserve Supervision And Regulation Report

Date 06/11/2020

Current Report: November 6, 2020

Report (PDF)