News Centre

EEX Launches French Biogas Guarantees Of Origin Auctions In December

Date 22/10/2024

The European Energy Exchange (EEX) will start quarterly auctions for biogas Guarantees of Origin (GOs) on behalf of the French Ministry of Energy on 4 December, 2024. At the auctions, the French State sells GOs produced by selected biogas facilities benefiting from a state support mechanism.

New Dubai Financial Services Authority Thematic Review: Complaints Handling

Date 22/10/2024

The Dubai Financial Services Authority (DFSA) has published the findings of its Thematic Review of Complaints handling practices within the Dubai International Financial Centre (DIFC). The Review covered the entire Complaints handling process, from initial identification to final resolution and governance, and offered insights into the culture at Authorised Firms (AFs).

GLEIF Opens Mumbai Office To Support Continued Widespread LEI Adoption In India - India Enjoys Highest Rates Of LEI Growth Across All Markets Globally In 2024, As Regulation Embeds The LEI As A Cornerstone Of The Indian Economy

Date 22/10/2024

The Global Legal Entity Identifier Foundation (GLEIF), headquartered in Switzerland, has opened an office in Mumbai, India. The organization is expanding its 'on-the-ground' presence to gain deeper insights into local market dynamics and to provide enhanced support to regional authorities, businesses, and other Global LEI System stakeholders as demand for Legal Entity Identifiers (LEIs) continues to escalate across the Indian subcontinent.

Hamdan bin Mohammed Launches Ignyte, A DIFC-Curated Digital Platform Set To Accelerate Over 100,000 Start-Ups And Entrepreneurs Toward Global Growth

Date 22/10/2024

• Ignyte is a key initiative under the Dubai Digital Economy Strategy, designed to drive exponential growth of start-ups across industries
• The DIFC-curated platform provides start-ups with the tools to scale faster and more effectively, making it the ultimate growth hub for the region
• Ignyte connects start-ups and founders with investors, mentors, corporate organisations and governments entities
• Ignyte aims to become the go-to platform for 100,000 start-ups and entrepreneurs, connecting them with 5,000 VCs and Angel Investors, 5,000 mentors and experts, and 500 corporate and government partners
• The platform will also feature 5,000 exclusive perks and offers on its Marketplace, delivering total savings of over USD 100mn
• Ignyte will also offer digital competitions for start-ups and entrepreneurs through “Ignyte Challenges”

FSB Chair Sets Out The FSB’s Work To Maintain Financial Stability Amidst Technological Advancements

Date 22/10/2024

• FSB Chair calls for continued momentum in addressing longstanding financial system vulnerabilities related to elevated debt levels and asset valuations, non-bank liquidity and leverage, and asset and funding market interlinkages.
• Accompanying report on tokenisation finds low adoption in the financial sector to date, but warns that financial stability risks could rise if tokenisation scales up significantly and if identified vulnerabilities are not adequately addressed.
• Jurisdictions have made progress in implementing the policy and regulatory responses to address the risks of crypto-assets, developed by the IMF, FSB, and standard-setting bodies (SSBs), but challenges remain.

ETFGI Reports Assets Invested In The ETFs Industry In Europe Reached A New Record Of 2.25 Trillion US Dollars At The End Of September

Date 22/10/2024

ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research and annual events on trends in the global ETFs industry, reported today that assets invested in the ETFs industry in Europe reached a new record of US2.25 trillion at the end of September. During September the industry gathered net inflows of US$24.27 billion, bringing year-to-date net inflows to a record US$176.24 billion, according to ETFGI's September 2024 European ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

GlobalData Announces Top M&A Financial And Legal Advisers In Financial Services Sector During Q1-Q3 2024

Date 22/10/2024

GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank the advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the financial services sector during Q1-Q3 2024.

GlobalData Announces Top M&A Financial And Legal Advisers In Metals & Mining Sector During Q1-Q3 2024

Date 22/10/2024

GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank the advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the metals & mining sector during Q1-Q3 2024. 

Leading Financial Institutions Tackle Unstructured Data Challenges With AI-Powered Technology

Date 22/10/2024

American Technology company Chainlink has launched an industry initative to address the persistent issue of unstructured data in the financial industry. The initiative brings together leading financial market infrastructures Euroclear, Swift, and some of the world’s largest financial institutions Citi, UBS, Franklin Templeton, Wellington Management, Caceis, Vontobel, and Sygnum Bank. 

UK Financial Conduct Authority Cracks Down On Illegal Finfluencers

Date 22/10/2024

20 finfluencers are being interviewed under caution by the Financial Conduct Authority (FCA), as it launches targeted action against finfluencers who may be touting financial services products illegally.