News Centre

NGX: Corporate Governance Triangle Emphasizes Importance Of Diversity, Inclusion To Corporate Performance

Date 22/05/2023

At the first edition of the Annual Corporate Governance Colloquium organised by Nigerian Exchange Limited (NGX), Nigerian Bar Association Section on Business Law (NBA-SBL) and Institute of Directors (IoD), experts on corporate governance noted that diversity and inclusion at leadership of companies aided better decision making. 

afexeu.com: BaFin Investigates AfexEU, Dublin

Date 22/05/2023

BaFin warns consumers about the website afexeu.com. The company AfexEU, which is domiciled in Dublin, is conducting banking business and providing financial services via this website without the required authorisation. The company offers its customers the opportunity to trade in financial instruments. On the website, it claims that AfexEU holds a licence from BaFin. This is not true. However, a company with a similar name, AFEX Markets Europe Limited, which is also domiciled in Dublin, does hold authorisation from BaFin. This is therefore a case of identity fraud.

5th Consecutive Week Of Outflows of US$32m, Poor Sentiment Focussed On BTC - CoinShares: Fund Flows

Date 22/05/2023

• Digital asset investment products saw outflows totalling US$32m, representing the 5th consecutive week of outflows totalling US$232m.
• The outflows in Bitcoin of US$33m represented most of the negative sentiment, as it has done over the last 5 weeks.
• Altcoins, with the exception of Ethereum (US$1m outflow), saw inflows, most notable of which were Avalanche and Litecoin.

LCH SwapClear Successfully Completes USD LIBOR To SOFR Conversion

Date 22/05/2023

• In aggregate, LCH SwapClear has successfully converted approximately 600,000 (approx. 50,000 tranche 1 / approx. 550,000 tranche 2) USD LIBOR contracts into SOFR, the new risk free reference rate (RFR) in US Dollars
• The conversion involved $45 trillion of aggregate notional, with the second tranche by far the largest conversion undertaken to date with a value of $43 trillion

HKEX: Stock Exchange Participants' Market Share Report

Date 22/05/2023

The market share and turnover data shown in the report includes all Exchange Participants which had transactions during the period reported but excludes Southbound trading of Special Participants via Stock Connect.

Transparency For Hydrogen Market With HYDRIX: EEX Publishes First Market-Based Hydrogen Index

Date 22/05/2023

European Energy Exchange (EEX) is launching the world’s first marketbased hydrogen index, HYDRIX, and presenting it at the E-world trade fair in Essen. HYDRIX provides information on actually traded prices for green hydrogen, which is determined from supply and demand prices of hydrogen together with renowned partners from industrial and energy sectors to ensure the necessary price transparency crucial for the growing market.

BNP Paribas Asset Management Promotes Employee Engagement During Inaugural Community Impact Week

Date 22/05/2023

BNP Paribas Asset Management (‘BNPP AM’) announces that its inaugural Community Impact Week will take place this week, 22-26 May, with employees globally encouraged to engage in volunteering activities and participate in community impact projects during their working time.  It will take place in 20 countries and aims to involve at least a third of BNPP AM’s employees, benefiting more than 50 associations and voluntary organisations.

Sir Ron Kalifa And Frances O’Grady Reappointed To The Court Of The Bank Of England

Date 22/05/2023

The Bank’s Court acts as a unitary board, and as Non-Executives of the Court, Sir Ron and Frances O’Grady will help determine the Bank’s objectives and strategy, and advise on how to ensure the effective discharge of the Bank’s functions and the most efficient use of the Bank’s resources.

UK Government Sells £1.26 Billion Of NatWest Shares Reducing Stake To 38.6%

Date 22/05/2023

NatWest is a step closer to being returned to full private ownership as the government sells c. £1.26billion in shares back to NatWest via a Directed Buyback.

DIFC Records Promising Growth In Q1 2023 Welcoming International Powerhouses Baker McKenzie, JLL And Stryker To Dubai

Date 22/05/2023

• A total of over 3,000 leading international non-financial firms active in DIFC
• International calibre and variety of Q1 non-financial firms establishing in DIFC, reaffirms its position as a global leader with breadth and depth in the most recent Global Financial Centres Index