News Centre

AI: Moving From Fear To Trust - Speech By Jessica Rusu, UK Financial Conduct Authority Chief Data, Information And Intelligence Officer, At The City And Financial Global Summit: Regulation And Risk Management Of Artificial Intelligence In Financial Services

Date 09/11/2022

Highlights

• AI needs governance to move from fear to trust but many of the rules in financial services are already in place.
• Agency must not be attributed to AI systems as this risks removing accountability away from firms. 
• Safe and responsible AI adoption must be underpinned by high-quality data.

EEX And The Coalition For Rainforest Nations Intend Cooperation In REDD+ Sovereign Carbon Credits

Date 09/11/2022

The European Energy Exchange (EEX) and the Coalition for Rainforest Nations (CfRN) announced their intention to cooperate in the establishment of a market platform for REDD+ sovereign carbon credits. For this purpose, during the UN Climate Change Conference COP27, both partners have signed a letter of intent.

Commenti On The Near-Collapse Of FTX Cryptocurrency Exchange: Ganesh Viswanath Natraj, Assistant Professor Of Finance, Warwick Business School

Date 09/11/2022

Commenting on the near-collapse of cryptocurrency exchange FTX Ganesh Viswanath Natraj is Assistant Professor of Finance, Warwick Business School, said: "Binance and FTX are two of the three largest centralised exchanges, the other one being Coinbase. One implication of the near-collapse of FTX is that as Binance increases its market share of crypto trading, additional liquidity on Binance means centralised exchanges continue to dominate decentralised exchanges like Uniswap. These exchanges rely on different models, with Binance having a limit order book, and Uniswap having algorithms to execute transactions. "

CryptoCompare Market Spotlight: Diving Into FTX’s Insolvency, FTT & Binance

Date 09/11/2022

Concerns over the insolvency of FTX initially started circulating on Wednesday 2nd of November when the balance sheet of Alameda Research, a hedge fund closely associated with FTX and founded by Sam Bankman-Fried, (SBF) was leaked. 

Speech By China Securities Regulatory Commission Vice Chairman Fang Xinghai At Shanghai Stock Exchange Global Investors Conference 2022

Date 09/11/2022

I am delighted to attend Shanghai Stock Exchange (SSE) Global Investors Conference again. On behalf of China Securities Regulatory Commission (CSRC), I wish to extend hearty congratulations to this meeting and a warm welcome to all guests from home and abroad and express our sincere gratitude to international investors who have long cared for, supported and participated in the development of China's capital market. 

UK Financial Conduct AuthorityDefined Benefit Pension Redress Calculations

Date 09/11/2022

We have recently received information about a small number of firms not including all fees and charges in their defined benefit pension advice redress calculations, in line with current guidance FG17/9.

SET, MFA, Bangchak Group, SCG And OR Jointly Promote Carbon Neutrality Via “Care The Bear” Initiative At APEC 2022

Date 09/11/2022

The Stock Exchange of Thailand (SET) teams up with the Ministry of Foreign Affairs and capital market partners – Bangchak Group, SCG, and PTT Oil and Retail Business pcl (OR) - to promote “Care the Bear” project at APEC Economic Leaders’ Week Media Center, in their collaborative efforts to achieve low carbon society and make the media center carbon neutral. The initiative reinforces SET’s position at the forefront of stock exchange focusing on balanced and sustainable growth. Under the project designed to combat global warming, SET’s six Cares practices will be implemented with the “Green Media Center”, touted as a model for environmental management, optimized resource and energy utilization as well as integrated and concrete waste management.

Industry Research Highlights The Need To Upgrade Middle- And Back-Office Processes Ahead Of The Move To T+1 Settlement

Date 09/11/2022

Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing and Firebrand Research, a provider of research and advisory services have today published a white paper highlighting the business case for firms to address inefficiencies across the middle- and back-office and increase automation ahead of the global push towards shortening settlement cycles including T+1 and T+0.

"How Central Banks and Supervisors are Helping to Green the Financial System" - Keynote Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, and Chair, Network for Greening the Financial System, at the NGFS COP27 Finance Day Event on 9 November 2022

Date 09/11/2022

Good afternoon ladies and gentlemen. Welcome to the NGFS COP27 Finance Day Event.

Emirates NBD Rings Nasdaq Dubai’s Market-Opening Bell To Celebrate US$ 500 Million Bond Listing

Date 09/11/2022

• The Bank bolsters its position as the largest corporate bond issuer on Nasdaq Dubai with a total value of US$ 5 billion
• Dubai’s status as one of the leading debt listing venues gains momentum with a total value of US$ 115.96 billion