News Centre

Money: A Question Of Purpose And Trust − Speech By Carolyn Wilkins, Bank Of England, External Member Of The Financial Policy Committee - Given At OMFIF Global Annual Digital Monetary Institute Symposium

Date 10/05/2023

Carolyn Wilkins talks about the three main design principles for a Central Bank Digital Currency. It should stay focused on core public policy objectives. It should identify and mitigate financial stability risks. It should also set high standards for technology.

Albis Leasing AG: BaFin Imposes Administrative Fine

Date 10/05/2023

On 25 April 2023, the Federal Financial Supervisory Authority (BaFin) imposed an administrative fine amounting to 70,000 euros on Albis Leasing AG. The fine was imposed due to the company’s failure to comply with obligations under the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). The company failed to publish within the prescribed period an announcement about the date from which and the website where its 2018 annual financial report was made publicly available.

Digital Value Transfers To Euronext Milan

Date 10/05/2023

• 4th listing of 2023 on Euronext Milan

• Digital Value brings the total number of companies listed on Euronext Milan to 222

• Digital Value is the 25th firm to move from Euronext Growth Milan to Euronext Milan

Alternative Investment Management Association Publishes New Guide On Digital Asset Trading

Date 10/05/2023

• Institutional investors are increasingly looking at how digital assets may be incorporated into existing and new strategies. Meanwhile, the digital asset markets and associated infrastructure continues to evolve.
• A tumultuous year or so for the digital asset markets has led to increased diligence standards by users of venues and exchanges and raised awareness around key considerations for enterprise risk management.
• This latest AIMA Industry Guide on Digital Asset Trading was produced with KPMG and leading digital asset firms and experts including Albourne Partners, Anchorage, Coinbase, Copper and GSR.

IOSCO Publishes A Report To Help Members Enhance SPAC Regulations

Date 10/05/2023

The Board of the International Organization of Securities Commissions today published a final report on Special Purpose Acquisition Companies (SPACs), which aims to help IOSCO members review or improve their approach to these companies.

Single Name CDS: RFM Is Next Frontier For E-Trading In Emerging Markets, By Christopher Basler And Tannia Munroe, Tradeweb

Date 10/05/2023

Last month, Tradeweb became the first electronic trading platform to deploy the request-for-market (RFM) protocol to facilitate a fully electronic single name CDS trade. The two-way market, for which BNP Paribas acted as liquidity provider, involved an emerging market sovereign CDS product, and was executed on Tradeweb’s institutional credit platform.

CCData Monthly Exchange Review: Crypto Trading Activity Falls To 4 Month Low

Date 10/05/2023

In April, the combined spot and derivatives trading volume on centralised exchanges fell 27.9% to $2.77tn, recording the first month-on-month decline in trading volume this year. The decline in trading activity saw centralised exchanges record their lowest volumes since December 2022. This follows a month in which the price of major crypto assets, including Bitcoin and Ethereum, stayed largely range-bound after failing to break key resistance levels.

ESMA Postpones To 2024 The Annual IFRS Amendment Of The ESEF

Date 10/05/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has decided to postpone to 2024 the amendment of the European Single Electronic Format (ESEF) Regulatory Technical Standard (RTS). This decision is in part due to the limited changes in the 2023 update to the International Financial Reporting Standards (IFRS) Taxonomy. Throughout 2023, ESMA will monitor the implementation of the ESEF requirements, assess how to improve digital reporting and develop the ESEF sustainability taxonomy and requirements.

New Chief Economic Adviser To The UK Treasury Appointed

Date 10/05/2023

The Cabinet Secretary, with the approval of the Prime Minister and the Chancellor, has announced the appointment of Sam Beckett as the new Chief Economic Adviser to the Treasury. She replaces Clare Lombardelli, who was recently appointed as the Organisation for Economic Co-operation and Development Chief Economist.

BNP Paribas Asset Management Strengthens Sustainability Centre Capabilities

Date 10/05/2023

BNP Paribas Asset Management (‘BNPP AM’) announces the appointments of two new members of its Sustainability Centre, strengthening its capabilities in stewardship and research into equality and inclusive growth investment themes.