News Centre

Bank Of England: Results Of The Semi-Annual FX Turnover Surveys In April 2023

Date 31/07/2023

In April 2023, 27 financial institutions active in the UK foreign exchange market participated in the semi-annual turnover survey for the Foreign Exchange Joint Standing Committee (FXJSC). The survey results are summarised below. Detailed tables for the April 2023 reporting period are available separately.

ICE Expands Fixed Income Liquidity Offering With Relaunch Of Enhanced Sweeps Protocol For Corporate Bonds - Conducts Multiple Auctions Per Week

Date 31/07/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced the relaunch of ICE Risk Matching Auction (RMA), an enhanced sweeps session-based protocol for dealer-to-dealer fixed income trading. ICE RMA, which was initially launched in 2015, is part of the ICE Bonds’ suite of trading protocols, and now conducts multiple auctions each week, with 50 registered firms and over 400 users with access to the protocol.

HKEX: Report On Initial Public Offering Applications, Delisting And Suspensions (As At 31 July 2023)

Date 31/07/2023

This report is updated on the last trading day of each month.

US$0.5bn Inflows At The Half Year Mark | CoinShares Fund Flows Report

Date 31/07/2023

• 93% of the outflows were from long-Bitcoin investment products, while short-Bitcoin saw its 14th consecutive week of outflows totalling US$3.1m.
• This suggests investors have been taking profits in recent weeks, with the sentiment for the asset overall remaining supportive.
• Investors are favouring altcoins (less Ethereum), with inflows last week totalling US$3m, and for the last 8 weeks seeing inflows totalling US$19m.

Simmons & Simmons Joins FIA Tech’s Databank Network As A Law Firm Partner - FIA Tech And Simmon & Simmons Partner To Incorporate Trading Venue Reviewer (TVR) Into Contract Specifications Offering

Date 31/07/2023

FIA Tech, a leading technology provider to the exchange-traded derivatives industry, announced today that international law firm Simmons & Simmons will be joining the Databank Network as a law firm partner. FIA Tech will incorporate Simmons & Simmons’ Trading Venue Reviewer (TVR) data within FIA Tech’s Contract Specifications user interface.

UK Financial Conduct Authority Sets Out 14-Point Action Plan On Cash Savings

Date 31/07/2023

The FCA has today set out a 14-point action plan to ensure banks and building societies are passing on interest rate rises to savers appropriately, that they’re communicating with customers much more effectively and offering them better savings rate deals.

limbofinance.ltd: BaFin Investigates Limbo Finance

Date 31/07/2023

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) warns consumers about the company Limbo Finance and the services it is offering. BaFin has information that the company is providing financial and/or investment services on its website limbofinance.ltd without the required authorisation.

EBA Publishes Its Final Amending Technical Standards On Supervisory Reporting To Introduce New Reporting On Interest Rate Risk In The Banking Book

Date 31/07/2023

• The final amending Implementing Technical Standards (ITS) propose new, harmonised reporting requirements for the assessment and monitoring of institutions’ Interest Rate Risk in the Banking Book (IRRBB) across the EU.
• This new reporting will provide supervisors with the necessary data to monitor IRRBB risks in credit institutions, taking into careful consideration the concept of proportionality for small and non-complex institution/institutions (SNCIs) and ‘other’ institutions.

Bank Of England: Minutes Of Money Market Committee Meeting – June 2023

Date 31/07/2023

The Money Markets Committee is a forum for market participants and authorities to discuss the UK unsecured deposits and funding market and securities lending and repo markets.

Andrew Sibbald Joins Warburg Pincus As Co-Head Of Europe - Highly Experienced Corporate Financier And Business Builder Will Partner With René Obermann To Further Accelerate The Growth And Momentum Of The Firm's European Business

Date 31/07/2023

Warburg Pincus, a leading global growth investor, today announced the appointment of Andrew Sibbald as a Managing Director and Co-Head of Europe. Mr. Sibbald will work alongside veteran investor and current Co-Head of Europe, René Obermann, based in Berlin. Mr. Sibbald will succeed Adarsh Sarma, who will remain a Managing Director and Partner with the Firm, focusing on his existing portfolio. Jim Neary, Co-Head of U.S. Private Equity, will work closely with Andrew, René and the European team to support the firm's global strategy, portfolio management and new investments.