News Centre

FSB Consults On Policies To Address Vulnerabilities From Liquidity Mismatch In Open-Ended Funds

Date 05/07/2023

• Proposed revisions to FSB policy recommendations to address vulnerabilities from liquidity mismatch in open-ended funds (OEFs) incorporate lessons learnt since 2017 and aim to enhance the resilience of non-bank financial intermediation.
• Revisions provide greater clarity on the redemption terms that OEFs can offer to investors, based on the liquidity of their asset holdings.
• Revisions also seek to mitigate the potential first-mover advantage arising from structural liquidity mismatch in OEFs by imposing on redeeming and subscribing investors the costs of liquidity associated with fund redemptions and subscriptions.
• The FSB’s consultation is taking place in conjunction with IOSCO’s consultation on guidance on anti-dilution liquidity management tools.

CME Group Reports Second-Highest June And Q2 ADV On Record

Date 05/07/2023

• SOFR futures and options continue strong growth
• Record Agricultural ADV in June
• Double-digit Q2 volume increases in options, agricultural and metals, as well as many individual products

gfemarket.com: BaFin Investigates The Company GFE Management Ltd.

Date 05/07/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company GFE Management Ltd. and the services it is offering. BaFin has information that the company is providing financial and investment services on its website gfemarket.com an without the required authorisation.

Quinn Emanuel Launches New AT1 Bondholder Website

Date 05/07/2023

Quinn Emanuel Urquhart & Sullivan, the world's largest litigation only international law firm, has launched a new website at1action.com to update stakeholders on the latest developments in its ongoing fight against the parties responsible for the decision to write down CHF 16 billion worth of Credit Suisse AT1 bonds.

CCData's Monthly Exchange Review: Crypto Volumes Rise For First Time In 3 Months Amid ETF Flurry

Date 05/07/2023

In June, the combined spot and derivatives trading volume on centralised exchanges rose 14.2% to $2.71tn, the first monthly increase in trading volume since March. The increase in trading volumes can be attributed to the optimism in the market following the filing of spot Bitcoin ETFs by the largest asset manager in the world, BlackRock, and other US TradFi companies last month.

95% Of Amman Stock Exchange Listed Companies Included In The ASE20 Index Sample Complied With The Requirement To Submit Their Sustainability Reports Before The End Of The Specified Period

Date 05/07/2023

Mr.Mazen Wathaifi Chief Executive Officer of Amman Stock Exchange (ASE) said that 95% out of 20 listed companies in the ASE20 index sample have provided the ASE with their sustainability reports for the year 2022 during the specified period mentioned in the rules regulating sustainability report provided to the ASE, through the e- disclosure System XBRL, noting that approximately 74% of these companies are issuing the report for the first time. This high percentage reflects the compliance of listed companies with the laws and regulations, and the compliance of such companies with the principles of transparency and disclosure about their environmental, social and governance (ESG (practices according to the rules issued by the ASE in 2022.

June 2023 Figures At Eurex

Date 05/07/2023

• Repo volumes nearly doubled to EUR 379 billion
• Strongest growth again in daily GC Pooling with volumes rising 138 percent in June y-o-y
• Notional outstanding in OTC Clearing up 23 percent

New Document From INDEXA CAPITAL GROUP About Its Listing On BME Growth

Date 05/07/2023

• It is the sixth company to register a Document of Incorporation on this BME market in 2023

Emer Mulholland Appointed Sales Director, Capital Markets, Northern Europe At Broadridge

Date 05/07/2023

Emer Mulholland has joined Broadridge in the role of Sales Director for capital markets in Northern Europe, responsible for driving sales and coordinating significant global relationships that cross multiple business lines.

LME Clear Appoints New Chairman Of The Board

Date 05/07/2023

LME Clear is delighted to announce the appointment of David Warren as Chairman of the Board, effective 20 July 2023. David will succeed Marco Strimer, who will step down as Chairman having reached the end of his term.