News Centre

Rwanda’s Largest Bank Completes Core Modernization With Temenos - Bank Of Kigali Goes Live On Temenos Platform To Power Faster, Smarter Digital Banking While Scaling To One Million Retail And SME Customers In Rwanda

Date 23/02/2022

Temenos (SIX: TEMN), the banking software company, today announces that Bank of Kigali Plc, Rwanda’s largest bank by assets and market share, has gone live on Temenos. Replacing its core banking system with Temenos open platform for composable banking allows the bank to break free from legacy constraints and accelerate its digital transformation.

Avelacom Partners With BitMEX As Its Low Latency Connectivity Provider - Avelacom Is Bringing Lowest Latencies To Global Crypto Trading Firms To And From BitMEX’s Data Infrastructure In Ireland

Date 23/02/2022

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has joined the BitMEX Partner Programme that provides traders with the most advanced crypto derivatives trading experience in the market.

MNI Indicators: MNI China Liquidity Index™ February 2022 – Falls To 10.0 In February

Date 23/02/2022

Key Points – Feb Report

Liquidity eased in February, helped by a boost to liquidity as China returned from the Lunar New Year holiday, the latest MNI Liquidity Conditions Index shows.

Hong Kong Exchanges And Clearing Limited (HKEX) Welcomes The HKSAR Government’s Budget Announcement

Date 23/02/2022

HKEX Chief Executive Officer, Nicolas Aguzin, said: “We welcome the HKSAR Government’s Budget announcement today and support its commitment to promote Hong Kong as an international financial and risk management centre. HKEX continues to actively introduce new initiatives to enhance its world-class listing regime, develop its market infrastructure and expand its products and services to connect capital with the leading companies of today and tomorrow. We look forward to continuing to work closely with the Government and all our stakeholders to drive the attractiveness, and resiliency, of the Hong Kong marketplace.”

George Liu, A Veteran Commodity Trader, Has Been Named The New Head Of Derivatives At Babel Finance

Date 23/02/2022

George Liu has been named head of derivatives at Babel Trading by crypto financial services provider Babel Finance, a newly formed role for the company's trading arm.

ISDA Comment Letter On CMA – February 17, 2022

Date 22/02/2022

ISDA’s comments to the Ontario Ministry of Finance in response to the Consultation Draft of the Capital Markets Act and the Consultation Commentary published on October 12, 2021. ISDA’s comments relate to the application of the Draft CMA to over-the-counter derivatives transactions.

Intercontinental Exchange Announces Strategic Investment In tZERO Group, Inc. - Longtime ICE Executive David Goone To Be Named tZERO’s New Chief Executive Officer

Date 22/02/2022

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced today that it is making a strategic investment in tZERO, a leader in blockchain innovation and liquidity for digital assets. In connection with ICE’s investment in tZERO, David Goone, a longtime member of ICE’s management team and currently ICE’s Chief Strategy Officer, will join tZERO as its next Chief Executive Officer and will serve on tZERO’s Board of Directors.

Paper Encourages Collaboration Between Public And Private Institutions And Outlines Opportunities, Challenges, And Questions Concerning The Design, Issuance, Legal Status, And Use Cases Of wCBDCs

Date 22/02/2022

Over 70% of central banks have begun exploring the possibility of introducing central bank digital currencies (CBDCs). A new paper, commissioned by the Global Financial Markets Association (GFMA) from Boston Consulting Group (BCG) and Clifford Chance LLP, identifies the GFMA’s critical considerations for the success of potential CBDCs in wholesale markets (wCBDCs).

SEC Charges Health Care Co. And Two Former Employees For Accounting Improprieties

Date 22/02/2022

The Securities and Exchange Commission today announced settled charges and an $18 million penalty against Baxter International Inc. for engaging in improper intra-company foreign exchange transactions that resulted in the misstatement of the company’s net income. The SEC also announced settled charges against Baxter’s former treasurer and assistant treasurer, Scott Bohaboy and Jeffrey Schaible, respectively, for their misconduct related to these transactions.

U.S. Treasury Imposes Immediate Economic Costs In Response To Actions In The Donetsk And Luhansk Regions - The United States Remains Fully Prepared To Impose Further, Expansive Economic Costs - New Sector Determination Enables Treasury To Target Russia’s Entire Financial System

Date 22/02/2022

Today, the United States is taking action to respond to President Vladimir Putin’s decision to recognize the so-called Donetsk and Luhansk People’s Republics (DNR and LNR) as “independent” states and to deploy troops to these regions by sanctioning two major Russian state-owned financial institutions, imposing additional restrictions on Russian sovereign debt, and sanctioning five Kremlin-connected elites. This action from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) builds on yesterday’s Executive Order imposing severe restrictions on economic activity with the DNR and LNR regions of Ukraine.