News Centre

BIS: Basel Committee Publishes More Details On Global Systemically Important Banks

Date 27/11/2023

• Basel Committee provides additional information regarding the 2023 G-SIB assessment.
• Further details include global denominators and individual bank indicators.
• The release accompanies the Financial Stability Board's updated G-SIB list.

Rimes Launches AI Lab To Power Their Clients To Harness The Power Of AI

Date 27/11/2023

• Creating a focused experimental environment for prototyping
• Collaborating on real-life client projects
• Accelerating AI-driven product roadmap

ETF Anticipation Fuelling The Largest Surge In Inflows Since Late 2021 - CoinShares: Fund Flows

Date 27/11/2023

• Digital asset investment products saw inflows totalling US$346m last week, the largest weekly inflows in this 9 consecutive week run.
• Bitcoin saw inflows totalling US$312m last week, bringing year-to-date inflows to just over US$1.5bn, while short-sellers continue to capitulate.
• Ethereum saw US$34m inflows last week, bringing this 4-week run to US$103m, almost correcting its run of outflows this year, marking a decisive turn-around in sentiment.

UK Financial Conduct Authority: Update For Investors In The Woodford Equity Income Fund

Date 27/11/2023

There has been commentary over the weekend about the redress scheme for people who invested in the Woodford fund. It is vital that as people vote they receive accurate information.

XTX Markets Launching $10 Million 'Artificial Intelligence Mathematical Olympiad Prize'

Date 27/11/2023

XTX Markets is launching the Artificial Intelligence Mathematical Olympiad Prize ('AI-MO Prize'), a new $10mn challenge fund designed to spur the creation of a publicly-shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).

Nasdaq Dubai Welcomes The Listing Of USD 2.03 Billion Green Bonds By Industrial And Commercial Bank Of China

Date 27/11/2023

• This makes ICBC, the largest Green Bonds issuer on Nasdaq Dubai with a cumulative total of USD 6.93 billion
• The listing includes four issuances from ICBC’s branches in Dubai (DIFC), Hong Kong, Singapore and Luxembourg
• Nasdaq Dubai continues to be the regional leader for innovative and sustainable financing solutions, with Nasdaq Dubai's Green issuances alone accounting for USD 18.55 billion.

Bank Of England Renews Its Commitment To Adhere To The Global Precious Metals Code

Date 27/11/2023

The Bank of England (‘BoE’) has renewed the Statement of Commitment (‘Statement’) to the Global Precious Metals Code (‘Code’) based on the revised CodeOpens in a new window dated December 2022. The Code sets out the standards and best practice expected from market participants in the global precious metals market. It was first published in 2017 and updated by the London Bullion Market Association (‘LBMA’). By signing the Statement, the BoE attests that its internal processes are consistent with the principles of the Code. 

UK-Japan Financial Dialogue And Financial Regulatory Forum Joint Statement

Date 27/11/2023

Summary

Japan (the Ministry of Finance (MOF) and the Financial Services Agency (FSA)) and the United Kingdom (UK) (His Majesty’s Treasury (HMT), Bank of England (BOE) and Financial Conduct Authority (FCA)) held the 5th Financial Dialogue (FD) and the 2nd Financial Regulatory Forum (FRF) on November 27, 2023, in Tokyo. These two dialogues were held as a joint event in order to facilitate a deep and meaningful exchange across a broad set of economic, fiscal and financial regulatory discussion points. We held two joint FD/FRF sessions in the morning, on the macroeconomic and fiscal situation and the digital economy, followed by separate, parallel FD and FRF sessions in the afternoon.

UK Financial Conduct Authority Bans Nigel Lewis And Susan Jones For Incompetent British Steel Pension Scheme Advice

Date 27/11/2023

The Financial Conduct Authority (FCA) has banned Nigel Lewis and Susan Jones of West Wales Financial Services Limited (in liquidation) (WWFS) from advising customers on pension transfers and pension opt outs. Mr Lewis has also been banned from holding any senior management functions in a regulated firm.

Vixio PaymentsCompliance Forms Executive Advisory Board

Date 27/11/2023

Vixio PaymentsCompliance, a provider of regulatory intelligence to the global payments industry, has held the first meeting of its newly formed Executive Advisory Board. Vixio established the Board to gain expert insight from a cohort of customers across the tech and compliance ecosystem to inform its product development and address challenges shaping the payments industry.