News Centre

EGX: Islamic New Year & 23rd Of July Revolution Holidays

Date 17/07/2023

EGX decided that Islamic New Year & 23rd of July Revolution Holidays will start from Thursday 20th of July 2023 till Sunday 23rd of July 2023. Trading will be resumed effective Monday 24th  of July 2023.

Standard Chartered Partners With DIFC Innovation Hub To Empower UAE Women Entrepreneurs With Fifth Cohort Of Women In Tech

Date 17/07/2023

• Transformative initiative drives sustainable growth and empowers women entrepreneurs in the UAE's technology sector

Mike Sleightholme Appointed President Of Broadridge International

Date 17/07/2023

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the appointment of Mike Sleightholme as President of Broadridge International. Sleightholme, who is based in London, will be responsible for delivering Broadridge’s world class customer support along with its rapidly growing portfolio of technology and data solutions throughout the EMEA and Asia Pacific regions - including solutions supporting the capital markets trade lifecycle, global governance and communications, and asset management.

BETTER FINANCE: Major EU bank Informs Investors Of Missing Russian Shares

Date 17/07/2023

BETTER FINANCE expresses concern over Deutsche Bank's disclosure of missing Russian shares. The bank recently revealed a shortfall in the shares underlying depositary receipts (DRs), further increasing the challenges for European investors seeking to recover their investments in Russian listed companies, especially individual non-professional ones.

DSB Integrates The Unique Product Identifier Into The OTC ISIN UAT Environment In Preparation For The UPI Production Launch On 16 October 2023

Date 17/07/2023

The Derivatives Service Bureau (DSB), the global golden source of reference data for Over the Counter (OTC) derivatives, today announces the extension of UPI User Acceptance Testing (UAT) into the OTC ISIN UAT environment, enabling OTC ISIN users to commence testing combined OTC ISIN and UPI workflows.

The Future Of Sustainable Finance And Implications For Businesses Keynote Discussion At The CPA Congress 20231 Ms Julia Leung Chief Executive Officer, Hong Kong Securities And Futures Commission, 15 July 2023

Date 17/07/2023

At the CPA Congress hosted by the Hong Kong Institute of Certified Public Accountants (HKICPA), Ms Julia Leung, Chief Executive Officer of the Securities and Futures Commission (SFC), shared her views on the future of finance and the implications for businesses and markets. During the keynote discussion, she examined the significance of the International Sustainability Standards Board’s (ISSB) new IFRS2 Sustainability Disclosure Standards for Hong Kong as an early mover in sustainable finance and an international financial centre, and also discussed the SFC’s new licensing regime for virtual assets trading platforms (VATPs).

BIS: Basel Committee Finds The United States Largely Compliant With Its Net Stable Funding Ratio Standard And Large Exposures Framework

Date 17/07/2023

• Basel Committee publishes assessment reports on the implementation of its global standards in the United States (US).
• Assessments find US regulations largely compliant with the Basel Committee's Net Stable Funding Ratio standard and large exposures framework. 
• These publications form part of the Committee's Regulatory Consistency Assessment Programme (RCAP).

Finansinspektionen: European Commission Approves Introduction Of Risk Weight Floors For Bank Loans To Commercial Real Estate

Date 17/07/2023

The European Commission has announced that it does not intend to object to FI's intention to introduce risk weight floors for bank loans to commercial real estate. This means that FI may implement the measure.

Remarks By S Secretary Of The Treasury Janet L. Yellen At Meeting With Minister Of Finance Of India Nirmala Sitharaman

Date 17/07/2023

Minister Sitharaman, thank you for the warm welcome.

This is my third trip to India as Secretary of the Treasury and I have valued the opportunity to meet with you on all these occasions.

HKEX: No Trading Today In Securities And Derivatives Markets Due To Issuance Of Typhoon Signal No. 8

Date 17/07/2023

Hong Kong Exchanges and Clearing Limited (HKEX) confirmed that all trading sessions today (Monday) in the securities and derivatives markets, including After-Hours Trading, have been cancelled due to the issuance of Typhoon Signal No. 8.