News Centre

NGX Working With CSCS, Euroclear To Create Dollar Settlement Platform For FinTechs ...Urges FG To Create Enabling Policies To Attract Listings

Date 10/08/2023

Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups to raise in dollars.

Virtu Financial And InvestorLink Announce Strategic Alliance To Provide Global Retail Access To Primary Markets

Date 10/08/2023

• Alliance aims to address retail investors’ growing demand for greater access
• A global network of retail brokers will have access to InvestorLink’s primary market technology using Virtu’s technology

CanDeal Benchmark Solutions Announces Launch Of Term CORRA Reference Rates On September 5th

Date 10/08/2023

CanDeal Benchmark Solutions, a leading provider of benchmark administration and related services, today announced the production launch date of September 5, 2023, for the distribution of the new Term CORRA (Canadian Overnight Repo Rate Average) 1- and 3-month Reference Rates.

TMX Datalinx Announces Production Date For Distribution Of Term CORRA Reference Rates

Date 10/08/2023

TMX Datalinx®, TMX Group’s information services division, today  announced the production date of September 5, 2023, for the distribution of new Term CORRA (Canadian  Overnight Repo Rate Average) reference rates.  

Supervisory Cooperation In The Fight Against Financial Crime Is Improving, The EBA Finds

Date 10/08/2023

The European Banking Authority (EBA) today published its third Report on the functioning of anti-money laundering and countering the financing of terrorism (AML/CFT) colleges. The Report finds that competent authorities had taken important steps to improve the functioning of AML/CFT colleges. Nevertheless, many colleges had not reached full maturity. The Report highlights good practices that will be useful for competent authorities to further improve the effectiveness of AML/CFT colleges and of supervisory outcomes.

The Healing Company Inc., New York: BaFin Imposes Administrative Fines

Date 10/08/2023

On 15 March 2023, the Federal Financial Supervisory Authority (BaFin) imposed administrative fines totalling 600,000 euros on The Healing Company Inc., New York. The fine was imposed due to the company’s failure to comply with obligations under the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). The company had failed to submit voting rights notifications within the prescribed period.

EGX Holds A Promotional Event In New Alamein City On August 18th

Date 10/08/2023

The Egyptian Exchange (EGX) organized three panel discussions on the impact of financial technology on the capital market ecosystem in particular and non-banking financial activities in general.

Beyond Doing Good: Why ESG Makes Great Business Sense For African FinTechs, By Funmi Dele-Giwa, General Counsel & Head, GRC At MFS Africa

Date 10/08/2023

If you’re reading this, there’s a very good chance you’re already familiar with the acronym ESG. Standing for “environmental”, “social”, and “governance”, it’s a constantly evolving standard that emphasises the importance of doing business in a way that positively impacts the environment, society and stakeholders. In essence, it’s the idea that companies can grow and profit while doing good and it encourages businesses to be more transparent about how they add to or create value for their society, community and/or stakeholders.

UK Financial Conduct Authority Finds Fund Managers’ Value Assessments Significantly Improved, But Still Work To Do

Date 10/08/2023

Following a review of fund managers’ value assessments, the FCA has found that while many firms have better practices in place, some still require improvement. 

Five Treasury Digital Funds Linked To Solactive Indices Available On WisdomTree Prime™

Date 10/08/2023

Interest rates have been steadily rising over a little more than a year, primarily driven by inflationary pressures and the actions taken by the Federal Reserve. Consequently, Treasury instruments have experienced a resurgence in popularity and demand, leading investors to turn to these instruments to mitigate risks and capitalize on the stability and reliability of Treasury securities. Foreseeing this potential, Solactive is pleased to announce that WisdomTree has broadened its range of US Treasury-linked products by launching five Digital Funds seeking to track Solactive indices. These funds are now available to investors in 21 U.S. states via WisdomTree Prime™, a personal finance app within a blockchain-native ecosystem.