News Centre

Signal Versus Noise - Speech By Ben Broadbent, Bank Of England, Deputy Governor, Monetary Policy, Given At The London Business School

Date 18/12/2023

In this speech Ben talks about setting monetary policy under uncertainty, about both the behaviour of the supply side of the economy and incoming data. Heightened uncertainty about underlying productivity growth and also the NAIRU means policy has had to put some weight on domestic inflation and wage growth, things that would normally be viewed as late-cycle indicators. There is also a degree of uncertainty about the observable data themselves. In particular, official estimates of average wages have been volatile and, in the spring and summer of this year, exhibited somewhat faster growth than other indicators.

A Delegation From The Iraqi Securities Commission And The Iraq Stock Exchange Visits The Amman Stock Exchange And The Jordanian Capital Market Institutions

Date 18/12/2023

The CEO of the ASE, Mr. Mazen Wathaifi, received a delegation comprising representatives from both the Iraqi Securities Commission and the Iraq Stock Exchange, within the framework of a field visit by the delegation to the capital market in the presence of Deputy CEO, Mr. Bassam Abu Abbas and a number of ASE officials the visiting delegation. Both parties affirmed the depth of the relationships between the two countries and their keenness to enhance cooperation in the future.

Liquidnet To Integrate bondIT’s AI-Driven Credit Research Into Its Electronic Trading Platform - The Two Firms Announce Their Collaboration To Advance Traders’ Ability To Anticipate Critical Market Changes

Date 18/12/2023

Liquidnet, a leading technology-driven agency execution specialist, and bondIT, a leading provider of next-generation investment technology, announced today their partnership to integrate bondIT’s Scorable Credit Analytics into Liquidnet’s Fixed Income electronic trading platform. The collaboration aims to empower traders to anticipate market trends, mitigate credit risk and make informed investment decisions faster.

Results Of The Semi-Annual SET Index Series Review For The First Half Of 2024

Date 18/12/2023

The Stock Exchange of Thailand (SET) announces the results of the semi-annual SET index review for SET50, SET50FF*, SET100, SET100FF*, sSET, SETCLMV, SETHD SETESG and SETWB indices for the period of the first half of 2024 (January 2 - June 30, 2024), whereby SET50FF and SET100FF indices will be published for the first time commencing from January 2, 2024 onwards.

Rising Interest Rate Environment Led To A Decline In Non-Bank Financial Intermediation In 2022

Date 18/12/2023

• Annual monitoring exercise saw a decrease in the size of the non-bank financial intermediation (NBFI) sector in 2022 – the first notable decrease since 2009 – largely due to the impact of higher interest rates on asset valuations.
• Similarly, the part of the NBFI sector that may pose bank-like financial stability risks decreased in 2022. This decline can be almost entirely attributed to investment funds. Money market funds were the only fund type to grow in 2022.
• Banks continue to be net recipients of funding from NBFI entities, although this funding has been gradually decreasing as a proportion of bank assets.

DIFC Innovation Hub Concludes Investor Day, Over USD 600mn Raised In Funding Since Programme Inception

Date 18/12/2023

DIFC Innovation Hub, home to the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, concluded its annual flagship Investor Day, with over 500 people attending the event, including key figures from the investor community and finalists of the ninth edition of the FinTech Accelerator Programme and the seventh edition of AccelerateHer.

Singapore-Based Multi-Family Office, Farro, Establishes Regional Headquarters In DIFC To Drive Global Expansion

Date 18/12/2023

Farro Ventures, parent company of prominent Singapore-headquartered multi-family office Farro Capital and leading international mobility solutions provider Farro & Co, is expanding its footprint into the Middle East. Leveraging Dubai's regional strength as an emerging financial hub, this milestone builds on the firm’s deep commitment to enhancing its cross-border advisory platform capabilities to best serve the unique needs of ultra-high-net-worth (UHNW) families.

The Bank Of England's Supervision Of Financial Market Infrastructures - Annual Report 2023

Date 18/12/2023

The financial market infrastructure firms (FMIs) supervised by the Bank of England (the Bank) are essential to the smooth and safe operation of the UK financial system. They provide services, like payments, that we use every day. They enable financial market participants to manage their risks. As a global financial centre, the smooth and safe operation of UK FMIs is also vital for international markets. The Bank’s supervision of FMIs is essential for financial stability by ensuring that their risk management and resilience frameworks enable them to carry out their vital functions in normal times and during periods of stress. The Bank’s supervision of FMIs is key to the Bank’s objective to protect and enhance financial stability in the United Kingdom.

The Average Cost Of Retail Investment Products Declines But Significant Differences Across EU Member States Remain

Date 18/12/2023

The European Securities and Markets Authority (ESMA), the EU financial markets regulator and supervisor, today publishes its sixth market report on the costs and performance of EU retail investment products. In this annual report ESMA finds that the average costs of investing in key EU retail financial products has declined by the end of 2022. However, cost heterogeneity persisted across EU Member States.

Minor Outflows Of US$16m, More Profit-Taking Than A Swing In Sentiment - CoinShares: Fund Flows

Date 18/12/2023

• Digital asset investment products saw minor outflows totalling US$16m, ending an 11-week run of inflows. Trading activity remained well above the year average though, totalling US$3.6bn for the week.
• The mixed regional flows suggest this was more related to profit-taking rather than a turn in sentiment towards the asset class.
• Altcoins bucked the trend, seeing US$21m of inflows. The main beneficiaries being Solana, Cardano, XRP and Chainlink.