News Centre

Exchange Of Letters Between The Governor Of The Bank Of England And The UK Chancellor On The Asset Purchase Facility - January 2023

Date 16/01/2023

swizz-pro.com: BaFin Investigates Reverra LLC

Date 16/01/2023

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Reverra LLC does not have authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin. The information provided on the company’s website, swizz-pro.com, gives reasonable grounds to suspect that Reverra LLC is conducting banking business and providing financial services in Germany without the required authorisation.

Luke Hornsby ACSI Of EY Appointed As New Chair Of The CISI Young Professionals’ Network Committee

Date 16/01/2023

Luke Hornsby ACSI, Senior Consultant within the Wealth & Asset Management Risk & Regulatory Advisory practice at EY, has been appointed as the new Chair of the Chartered Institute for Securities & Investment Young Professionals’ Network (YPN) committee. Luke takes over from Emma Dobson MCSI of Santander UK.

uuexpro.com: BaFin Investigates UUEX

Date 16/01/2023

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) would like to make clear that UUEX does not have authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin. The information provided on the company’s website, uuexpro.com, gives reasonable grounds to suspect that UUEX is conducting banking business and providing financial services in Germany without the required authorisation.

Monitoring Group Nominating Committee Appoints Board Members To The Public Interest Oversight Board

Date 16/01/2023

The Monitoring Group (MG) is responsible for the overall governance of the international audit and ethics standard-setting system, including periodic effectiveness reviews. In accordance with the MG Recommendations, the Monitoring Group Nominating Committee (MG NC) is responsible for the selection of board members to the Public Interest Oversight Board (PIOB).

13% In AuM Since October 2021 But Only Minor Inflows Of US$9.2m - CoinShares: Fund Flows

Date 16/01/2023

• Digital asset investment products saw minor inflows totalling US$9.2m last week, while trading volumes remained low at US$866m for the week, both suggesting that the recent rally in digital assets was not investment product led.
• The recent price appreciation has led to a weekly gain of over 13% in assets under management, the largest since October 2021.
• Ethereum broke its 8-week spell of outflows with an inflow of US$5.6m, seemingly benefitting from the broader improvement in sentiment.

HKEX Management Changes

Date 16/01/2023

• Bonnie Y Chan and Wilfred Yiu named as Co-Chief Operating Officers
• Katherine Ng appointed as Head of Listing
• New appointments effective 1 February 2023

BNP Paribas Asset Management Hires Nordic Region ETF Sales Specialist

Date 16/01/2023

BNP Paribas Asset Management (‘BNPP AM’) continues to strengthen its ETF distribution capabilities with the appointment of John Altas in the newly-created role of ETF Specialist for the Nordic region.  Based in Stockholm, he joined on 16 January and reports functionally to Claus Hecher, Regional ETF Head of Sales for Northern Europe, and locally to Morten Bentsen, Head of Distribution for BNP Paribas Asset Management in the Nordic region.

ESMA And NCAs To Look At Marketing Of Financial Products

Date 16/01/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching a common supervisory action (CSA) with national competent authorities (NCAs) on the application of MiFID II disclosure rules with regard to marketing communications across the European Union (EU). The CSA will be conducted over the course of 2023.

Borsa Istanbul: Announcement About The Changes In The TLREFK Methodology

Date 16/01/2023

Please click for the relevant Announcement.