News Centre

Outflows Of US$107m As Profit Taking Continues - CoinShares: Fund Flows

Date 07/08/2023

• Digital asset investment products saw outflows this week, totalling US$107m with profit taking gathering pace in recent weeks.
• Bitcoin was again the primary focus, seeing outflows totalling US$111m, the largest weekly outflows since March.
• Altcoins sentiment seems to be improving though and offset the outflows in Bitcoin and Ethereum. Solana saw the largest inflows, totalling US$9.5m.

Acquisition Of Minority Interest In OptimX Markets Inc. By Aquis Exchange PLC

Date 07/08/2023

Aquis Exchange PLC (AQX.L), announces that on 7 August 2023 it acquired a minority stake in OptimX Markets Inc. (OptimX) a, US-based financial services start-up focused on the block trading market (the “Investment”)

Cyprus Stock Exchange Monthly Bulletin For July 2023

Date 07/08/2023

The total value of transactions during the month in review reached € 8,00 million, with an average of €0,38 million per trading session.

Borsa Istanbul: Changes In The Derivatives Market Procedure

Date 07/08/2023

Click for the Announcement

EBA Updates Timeline For The Implementation Of The IRB Roadmap And Publishes Its Final Supervisory Handbook For The Validation Of IRB Rating Systems

Date 07/08/2023

The European Banking Authority (EBA) today updated its roadmap for the implementation of internal ratings based (IRB) model requirements to limit compliance costs for institutions. The EBA also published its final supervisory handbook for the validation of internal ratings based (IRB) rating systems to clarify the role of the validation function as part of corporate governance.

DGCX Monthly Bulletin - July 2023

Date 07/08/2023

In July 2023, 54,592 contracts were traded on DGCX with a total value of USD 8.18 billion and an average Open Interest of 112,356.

HPS Opens A New Office In Canada

Date 07/08/2023

HPS, a leading multinational leader in electronic payment solutions and services, is setting up in Montreal to support the modernization of the payment activity of one of the main Canadian banks. This first establishment in North America is an important step in the acceleration of HPS Group activities in Canada and the United States over the coming years.

BaFin: Capital Investments Offered By Life Forestry Switzerland AG: Evidence Indicates No Prospectus Published

Date 07/08/2023

The Federal Financial Supervisory Authority (BaFin) has reason to believe that Life Forestry Switzerland AG, whose registered office is in Stans, Switzerland, is offering capital investments called “Premium Wood – Land Lease” to the public. Specifically, these offers concern opportunities to invest in a teak wood plantation. The company has not published a prospectus for this product. This constitutes a violation of section 6 of the German Capital Investment Act (Vermögensanlagengesetz – VermAnlG).

The EBA Is Collecting Bank Data On Interest Rate Risk In The Banking Book

Date 07/08/2023

• The EBA will collect on an ad-hoc basis interest rate risk in the banking book (IRRBB) data from the institutions already participating in the quantitative impact study (QIS) exercise and based on the templates from the final draft Implementing Technical Standards (ITS) on IRRBB reporting.
• This collection, with reference date end December 2023, will provide competent authorities with data to monitor, in a timely manner, the implementation of this IRRBB policy package in the current environment of high inflation combined with growing interest rates. 

BETTER FINANCE: Diluted European Sustainability Reporting Standards Raise Greenwashing Concerns

Date 07/08/2023

The European Commission has issued the Delegated Act on the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD) to enhance transparency in sustainability reporting by companies. However, it faces criticism for weakening key aspects of the initial proposal by the European Financial Reporting Advisory Group (EFRAG) and neglecting vital concerns.