News Centre

Japan Financial Services Agency: Supervisory Focus Points and Actions in Light Of The Losses Resulting From The Default Of A U.S. Investment Fund

Date 20/04/2022

The Financial Services Agency (“FSA”) worked closely with regulators in the U.K., U.S., and other jurisdictions to analyze the causes that led to Archegos’ failure and the deficiencies in the risk management and governance of firms that were counterparties to Archegos. This letter sets out the observations on the firms’ practices that were identified through these monitoring and analysis, as well as the FSA's future actions.

UK Financial Conduct Authority Finalises Proposals To Boost Disclosure Of Diversity On Listed Company Boards And Executive Committees

Date 20/04/2022

The FCA has finalised rules requiring listed companies to report information and disclose against targets on the representation of women and ethnic minorities on their boards and executive management, making it easier for investors to see the diversity of their senior leadership teams.

Opsmatix Appoints Finance And Technology Leader Dan Kramer As CEO To Spearhead Worldwide Expansion

Date 20/04/2022

• Proven leadership at some of the world's largest financial institutions
• Highly experienced solving client problems, building global teams and integrating technology into the business
• Opsmatix provides AI solutions delivering rapid ROI and quantifiable value to a fast-growing client base

Higo Bank Upgrades To TORA Execution Management System For Advanced Equities Trading

Date 20/04/2022

TORA, provider of the industry’s most advanced order and execution management system (OEMS), today announced that Higo bank has selected TORA to upgrade their electronic trading operations.

Encompass Appoints Seasoned Leader Steve Hadaway As Chief Revenue Officer

Date 20/04/2022

Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, has appointed experienced general manager and sales leader Steve Hadaway as its Chief Revenue Officer.

Equity Of Swedish Company Xpecunia Nordic AB Now Tradable At Boerse Stuttgart

Date 20/04/2022

Two European trading venues of Boerse Stuttgart Group have combined their services in the equity sector. Swedish equities listed on the Scandinavian exchange Nordic Growth Market (NGM) and with a secondary listing in Germany at Boerse Stuttgart can be included in the “Nordic Growth Market” trading segment. In Stuttgart, German investors can now trade the equity of Xpecunia Nordic AB in euro every exchange trading day from 9.00 to 17.30 hours CET. The function of quality liquidity provider in trading at Boerse Stuttgart is performed by EUWAX AG, which is also the liquidity provider in equities trading at NGM.

valantic´s Financial Services Automation Division Completes Strategic Investment In Leading Low-Code Technology Provider Velox

Date 20/04/2022

valantic Financial Services Automation (FSA), a leading provider of cross-asset electronic trading and automation solutions, has completed a strategic investment in Velox Financial Technology, to complement and bring further flexibility to its award-winning electronic trading business. Velox is a global fintech that specializes in providing low-code software development tools for capital markets institutions to accelerate their digitalization initiatives.

Garanti BBVA International Chooses Temenos Banking Cloud To Grow Business In Netherlands And Germany - Bank Will Adopt Core Banking Services On Temenos Open Platform To Power Retail And Corporate Banking

Date 20/04/2022

Garanti BBVA International (GBI) – part of BBVA, the global financial group with more than 80 million customers worldwide – has selected Temenos (SIX: TEMN) to modernize its core banking systems. GBI is moving to the cloud using the Temenos Banking Cloud as a system of record for its retail and corporate business in the Netherlands and Germany.

SIX Digital Exchange And Daura To Partner On Enhancing SDX's Digital Equity Securities Offering

Date 20/04/2022

Switzerland's SIX Digital Exchange (SDX), the world's first fully regulated FMI digital asset exchange, and daura, the leading Swiss equity tokenization platform, have announced a partnership aimed at enriching the exchange's digital issuers ecosystem. As a result, companies on daura will be able to issue digital equity securities seamlessly in SDX's regulated Central Securities Depository (CSD).

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Meeting With Singapore Finance Minister Lawrence Wong And Monetary Authority Of Singapore Managing Director Ravi Menon

Date 20/04/2022

Deputy Secretary of the Treasury Wally Adeyemo met with Singapore Finance Minister Lawrence Wong and Monetary Authority of Singapore (MAS) Managing Director Ravi Menon today as part of the annual Bank Fund meetings. This follows several recent high-level meetings between the U.S. Treasury Department and the Government of Singapore, including the meeting last month between Prime Minister Lee Hsien Loong and Secretary Janet L. Yellen. Deputy Secretary Adeyemo, Finance Minister Wong, and Managing Director Menon discussed views on regional economic issues and areas of bilateral collaboration, including sustainable finance. The Deputy Secretary congratulated Singapore on taking over the Financial Action Task Force (FATF) presidency in July and expressed support for their priorities. He thanked his counterparts for Singapore’s strong action in imposing financial sanctions and export controls on Russia and highlighted the need for the international community to continue to impose costs for the Kremlin’s invasion of Ukraine and violation of Ukraine’s sovereignty.