News Centre

lpleurope.com: BaFin Investigates Lpleurope LTD.

Date 22/04/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Lpleurope LTD. has not been granted 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, lpleurope.com, gives reasonable grounds to suspect that Lpleurope LTD. is conducting banking business and providing financial services in Germany without the required authorisation.

FCA Review Finds Weaknesses In Challenger Banks’ Financial Crime Controls

Date 22/04/2022

A recent review conducted by the Financial Conduct Authority (FCA), and published online today, has found that some challenger banks have significant weaknesses within their financial crime controls, and need to improve how they assess financial crime risk.

German Coal Exit Costs Driven Up To 12 Times Higher By Threat Of Legal Action – Report - Campaigners Call For End To Secret Tribunal Powers Under Energy Charter Treaty As UK Joins Talks Over Its Future

Date 22/04/2022

Fossil fuel energy companies affected by Germany’s coal phase out are receiving up to 12 times as much compensation as would normally be expected because of the threat of legal claims under the controversial Energy Charter Treaty, according to research published today.

SET To Hold Seminar On Driving Thai Capital Market Into The Future As It Steps Into 48th Anniversary

Date 22/04/2022

The Stock Exchange of Thailand (SET) will organize a seminar “SET Steps into the 48th Year of Operation: Moving Forward into the Future Capital Market” under the concept “Make it Work for  Future”.  A keynote speech on “Towards the Future of the Thai Economy” will be delivered by SET Chairman Prasarn Trairatvorakul, while top-notch executives and experts in the capital market will take a deep dive into and exchange viewpoints on driving the Thai capital market into the future, covering business and sustainability dimensions to make the capital market work for all sectors. The virtual conference will be broadcast via the SET Thailand’s YouTube and Facebook channels on April 27, 2022.

Moscow Exchange: From 26 April, The Strike Price Tick Changes On The Derivatives Market For Futures Style Options On Futures Contracts On USD/RUB FX Rate

Date 22/04/2022

The changed strike price tick will apply to all new series of the above options. The strike price tick of contracts entered into before that date shall be 250 prior to the execution.

New Five Eyes Alert Warns Of Russian State-Sponsored And Criminal Cyber Threats To Critical Infrastructure: Comment By Vito Rallo, Associate Managing Director, Kroll

Date 22/04/2022

The Five Eyes (United States, Australia, Canada, New Zealand, and United Kingdom) issued an alert giving a “comprehensive overview of Russian state-sponsored and cybercriminal threats to critical infrastructure.” 

Waste Plastic Upcycling Lists On Euronext Growth Oslo

Date 22/04/2022

• Fifth admission of 2022 on Euronext Growth Oslo bringing the total number of companies up to 122
• Market capitalisation of approximately NOK 711 million

ETC Group Launches XRP-Backed ETC On Xetra - ETC Group Adds XRP Backed Investment Product To Its Expanding Digital Assets Portfolio Of Exchange Traded Cryptocurrencies (ETCs) In Europe Which Include BTCE, The World’s Most Traded Crypto Exchange Traded Product (ETP)

Date 22/04/2022

ETC Group (www.etc-group.com), Europe’s leading specialist provider of institutional-grade digital asset-backed securities, announced today the listing of the XRPetc - ETC Group physical XRP (Ticker: GXRP) on 22nd April on Deutsche Börse Xetra, Europe’s leading exchange for digital assets. 

Shanghai Stock Exchange Improves Supporting Rules Of Registration-based Issuance System For Corporate Bonds

Date 22/04/2022

With the approval of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) issued today 4 sets of rules on bond business, namely, the SSE Rules of Issuance and Listing Review for Corporate Bonds, the SSE Rules for Listing of Corporate Bonds, the SSE Rules for Listing of Non-publicly Offered Corporate Bonds, and the SSE Measures for Investor Suitability Management on the Bond Market. Upon the issuance of the rules, the SSE’s bond market has basically formed a complete and independent system of rules covering all business lines such as issuance and listing review, underwriting, listing, trading operation, and investor protection. In addition, the significant reduction in the number of the business rules and the concise and user-friendly structure of the rules facilitates the market participants’ reference and use on demand.

UK Financial Conduct Authority Review Finds Weaknesses In Some Challenger Banks’ Financial Crime Controls

Date 22/04/2022

A review by the FCA has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. In some instances, challenger banks did not have financial crime risk assessments in place for their customers.