News Centre

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. 

State Street Investor Confidence Index: Investor Confidence Decreased In January By 3.8 Points To 100.7

Date 28/01/2021

State Street Global Markets today released the results of the State Street Investor Confidence Index® (ICI) for January 2021.

ADX Launches New Strategy To More Than Double Market Capitalisation

Date 28/01/2021

• New “ADX One” strategy includes initiatives to launch derivatives trading, IR guidebook and research coverage in 2021

UK FinTechs Potentially Undervalued After Missing Significance Of Commercialising IP

Date 28/01/2021

• Fintech valuations missing the worth of intellectual property
• Findings ease concerns of a ‘tech bubble’ forming in the market

Nigerian Stock Exchange, IFC To Host CEO Roundtable On Gender Equality

Date 28/01/2021

The Nigerian Stock Exchange (NSE or The Exchange) in partnership with the International Finance Corporation (IFC) will host a workshop to promote gender equality among listed companies on Tuesday, 2 February 2021.

Monetary Authority Of Singapore: Industry Taskforce Proposes Taxonomy And Launches Environmental Risk Management Handbook To Support Green Finance

Date 28/01/2021

The Green Finance Industry Taskforce (GFIT), convened by the Monetary Authority of Singapore (MAS), issued today a proposed taxonomy for Singapore-based financial institutions to identify activities that can be considered green or transitioning towards green. GFIT also launched today a handbook on implementing environmental risk management for asset managers, banks, and insurers.

An Interview With Dalian Commodity Exchange: Q&A On New Deliverable Brands And Adjustment Of Premiums And Discounts For Iron Ore Futures

Date 28/01/2021

On January 27, 2021, DCE issued the Notice on New Deliverable Brands and Adjustment of Premiums and Discounts for Iron Ore Futures. According to the notice, four iron ore deliverable brands including Benxi Steel Mining Concentrate are added, and the existing premiums and discounts of iron ore futures deliverable brands will be adjusted. The adjustment will start from contract I2202. What is the background for these adjustments? What impact will the adjustments make on iron ore futures market? How is it going with the brand dynamic premium and discount system under discussion?

Shenzhen Stock Exchange Endeavors To Ensure The Steady Launch Of China-Japan ETF Connectivity Products

Date 28/01/2021

Recently, Chinese and Japanese fund managers obtained relevant product approval with respect to the ETF Connectivity scheme cooperated by Shenzhen Stock Exchange (SZSE) and Japan Exchange Group (JPX) and will set up ETFs to invest in each other’s target ETF tracking the Nikkei 225 Index and Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100 Index respectively. The ETF products will be listed on SZSE and Tokyo Stock Exchange respectively for trading. This is an important achievement of the efforts of Chinese and Japanese stock exchanges and asset managers in deepening pragmatic cooperation. It will further expand connectivity channels, offering diverse cross-border investment options for investors of both countries.