News Centre

Diversity And Inclusion: Driving Change In Our Industry - Speech By Sheldon Mills, UK Financial Conduct Authority Executive Director, Consumers And Competition, Delivered At The Association Of British Insurers (ABI) Diversity, Equity & Inclusion (D&I) Conference.

Date 22/11/2022

Highlights

• Driving change and working with industry to achieve a more diverse and inclusive financial services industry is a core part of the objectives set out in our Business Plan priority on ESG and our wider strategy for 2022 to 2025. 
• Progress is being made, but there is more still to do. Firms and consumers face heightened pressures from the cost-of-living crisis but we must not lose sight of the importance of ensuring diverse representation and inclusive cultures.
• We have carried out work to understand how a sample of firms approach the collection of Diversity & Inclusion (D&I) data, D&I strategies, and inclusive cultures. 
• Firms are taking important steps to develop their capabilities. As an industry, we are encouraging firms to maintain and expand momentum on D&I. 

Nasdaq Wins Two RiskTech100® Awards And Jumps To Top 20 In RiskTech100® Global Ranking - Wins Awards In Trade Surveillance And Managed Services: Financial Crime Categories - Nasdaq Moves Up 7 Ranks In The RiskTech100 To 18th Place

Date 22/11/2022

Nasdaq, Inc. (Nasdaq: NDAQ) today announced the company was recognized by Chartis’ annual RiskTech100® awards, the most comprehensive independent study of the world’s major players in risk and compliance technology. At the organization’s annual award ceremony, Nasdaq was awarded with category wins in Trade Surveillance and Managed Services: Financial Crime, and the company moved up to 18th place in RiskTech100®’s ranking of the top 100 players in the industry.

EEX Warns About Gas Price Caps

Date 22/11/2022

The European Energy Exchange (EEX) fully supports the call of the Association of European Energy Exchanges (Europex) against a gas price cap as outlined in the Commission’s informal policy paper dated 15 November 2022.

btceu.pro: BaFin Investigates BTC EU

Date 22/11/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) would like to make clear that BTC EU does not have 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, btceu.pro, gives reasonable grounds to suspect that BTC EU is conducting banking business and providing financial services in the Federal Republic of Germany without the required authorisation.

mixfinancing.com: BaFin Investigates Mixfinancing

Date 22/11/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) would like to make clear that Mixfinancing does not have 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, mixfinancing.com, gives reasonable grounds to suspect that Mixfinancing is conducting banking business and providing financial services in Germany without the required authorisation.

gk-fx.co: BaFin Investigates GKFX LLC

Date 22/11/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) would like to make clear that GKFX LLC does not have authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin and is not affiliated with the supervised company Trive Financial Services Malta Limited, which operates the website gkfx.de. The information provided on the company’s website, gk-fx.co, gives reasonable grounds to suspect that GKFX LLC is conducting banking business and providing financial services in the Federal Republic of Germany without the required authorisation.

BIS: Inflation Risk And The Labor Market: Beneath The Surface Of A Flat Phillips Curve

Date 22/11/2022

Summary

Focus 

After the Great Financial Crisis, the labour market's influence on inflation decreased, largely due to anchoring of expectations and workers' reduced bargaining power. This paper studies whether perceived inflation risk, as gauged from inflation options, was more attuned to employment conditions. That is, did a tight labour market raise the perceived likelihood that inflation could overshoot expectations, even as realised inflation stayed subdued?

Securities Commission Of The Bahamas Secures Court Order For Right Of Indemnity And Reimbursement FTX Digital Markets Ltd.

Date 22/11/2022

On 21 November 2022, the Securities Commission of The Bahamas (“the Commission”) obtained an Order from the Supreme Court of The Bahamas (the “Order”) to secure a right of indemnity and right to be reimbursed for expenses reasonably incurred by the Commission in connection with the regulatory action taken to safeguard the digital assets of FTX Digital Markets Ltd. (“FDM”). 

HKEX: Adjustment Of Tencent Structured Products, Futures And Options

Date 22/11/2022

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Tencent Holdings Ltd (Tencent) structured products, futures and options to account for Tencent’s special interim dividend issuance.

Smart Centres Index 6: US And Asia/Pacific Centres Performing Strongly In Technology And Innovation

Date 22/11/2022

The Smart Centres Index explores the ability of global commercial centres to create, develop, and deploy technology. Leading centres in the SCI are based in places which combine an innovative, cultural centre with a high-performing university sector across STEM subjects, supported by a well-developed regulatory, commercial, and financial services.