News Centre

Decisions Taken By The Governing Council Of The ECB (In Addition To Decisions Setting Interest Rates)

Date 26/06/2020

Market operations

Precautionary repo line arrangement with Banca Naţională a României

On 5 June 2020 the ECB announced that the Governing Council had approved the setting-up of a repo line arrangement to provide euro liquidity to Banca Naţională a României in order to address possible euro liquidity needs in the presence of market dysfunctions owing to the coronavirus (COVID-19) shock. A related press release is available on the ECB’s website.

UK FinTech Market Powers Through With A Surge In Specialist Hires

Date 26/06/2020

With a 53% growth in the last three years, an active fundraising scene, and a 20% surge in-demand during lockdown – fintech has become the poster-boy for how an industry can be in a position to respond quickly to change and opportunity.

Nick Bayley, Duff & Phelps, Comments On UK Financial Conduct Authority Publicly Censuring Redcentric PLC For Market Abuse

Date 26/06/2020

Nick Bayley, UK Head of Duff & Phelps’ Compliance and Regulatory Consulting practice comments:

“Interesting, that in reaching this outcome the FCA has taken into account the Company’s decision to initiate its own scheme to compensate the individual investors who lost money as a result of the false market that existed in Redcentric shares for about a year.  The only similar investor compensation scheme we have previously seen in the UK related to the Tesco false accounting debacle in 2014.”

Japan Financial Services Agency - Bank Of Japan Review - Developments In Overseas Credit Investment And Lending By Japanese Financial Institutions

Date 26/06/2020

Based on the joint survey by the Bank of Japan and the Financial Services Agency, we have published Bank of Japan Review that outlines the scale and characteristics of overseas credit investment and lending by major banks.

Securities Commission Malaysia And Bursa Malaysia Extend Short Selling Suspension Until 31 December 2020

Date 26/06/2020

The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) have decided to further extend the temporary suspension of short-selling to 31 December 2020.

‘MiFID Madness’: Should UK Scrap Regs After Leaving EU? By Roger Aitken

Date 26/06/2020

Some two-and-a-half years after the implementation of the Markets in Financial Instruments Directive’s second iteration (MiFID II), a plank in European Union’s (EU) capital markets regulation, which ushered in the era of unbundling for investment firms, some protagonists are contending that many of the rules “should be ditched” after the UK leaves the Union following its transition period.

Bitfinex Introduces Zero Fees On Tether/US Dollar (USDt/USD) Pair For Users Generating $15 Million-Plus, 30 Day Volume

Date 26/06/2020

Bitfinex, a state-of-the-art digital asset trading platform, is offering zero fees on Tether/US Dollar (USDt/USD) pair to users who reach a trailing 30 day trading volume of more than $15 million.

CubeLogic Takes On Private Equity Investment To Accelerate Global Business Expansion - Growth Capital Partners (GCP) Takes A Minority Shareholding In The Business

Date 26/06/2020

CubeLogic, the market leading provider of enterprise risk management solutions for the energy, commodities and financial markets today announces that they have closed a significant minority investment deal with Growth Capital Partners (GCP) for an undisclosed amount.

ASX Intends To List A 5 Year Treasury Bond Futures Contract On ASX24

Date 26/06/2020

ASX today announced that it intends to list a 5 Year Treasury Bond Futures contract on the ASX24 market in late Q4 2020, subject to regulatory approval and internal/external readiness.

UK Financial Conduct Authority Publicly Censures Redcentric PLC For Market Abuse

Date 26/06/2020