News Centre

Antitrust: European Commission Fines UBS, Barclays, RBS, HSBC And Credit Suisse € 344 million For Participating In A Foreign Exchange Spot Trading Cartel

Date 02/12/2021

The European Commission has completed its cartel investigation into the Foreign Exchange (‘Forex') spot trading market by imposing fines on five banks. The Commission has adopted today a decision imposing a total fine of € 261 million on the four banks that decided to settle the case, namely UBS, Barclays, RBS and HSBC. The Commission has also fined Credit Suisse € 83 million under the ordinary procedure.

Comment From Nick Bayley, Kroll - FCA Confirms New Listing Rules To Boost Growth And Innovation On UK Stock Markets

Date 02/12/2021

Nick Bayley, managing director at Kroll comments on the FCA’s confirmation of new Listing Rules to boost growth and innovation on UK stock markets:

“These are the most radical changes to the UK Listing Rules that the market has seen for decades.  They represent a bold attempt to arrest the seemingly inexorable long-term decline of London as global listing venue.   

Moscow Exchange: Risk Parameters Change For The Security RU000A0JWC82

Date 02/12/2021

As per the Securities market risk parameters methodology, on 02.12.2021, 13-15 (MSK) the upper bound of the price band (up to 101.76) and initial margins (up to 10 %) for the security RU000A0JWC82 were changed. New values are available here

ICBC Brings Multi-Currency Carbon Neutrality Themed Green Bond To LGX

Date 02/12/2021

In a hybrid Ring the Bell ceremony attended by Luxembourg Minister of Finance Pierre Gramegna, the Luxembourg Stock Exchange (LuxSE) and the Industrial and Commercial Bank of China (ICBC) today celebrated the listing of the bank’s recent multi-currency carbon neutrality themed green bond on LuxSE. The bond is also displayed on the world’s leading platform for sustainable finance, the Luxembourg Green Exchange (LGX).

Pirum & Functional Scala - 2nd - 3th December 2021

Date 02/12/2021

Pirum is thrilled to support and be sponsor of Functional Scala event 2021.

BIS: Multi-CBDC Arrangements: Transforming Words Into Works

Date 02/12/2021

It is my great pleasure to join you today for Hong Kong Fintech Week. I would like to thank the Hong Kong Monetary Authority and the other organisers for inviting me to participate. Hong Kong SAR is a special place for the BIS. It is the home for our Asia-Pacific regional office, and for one of our first three Innovation Hub Centres. Its vibrant fintech ecosystem is a constant source of innovation and inspiration

Klaas Knot Takes Office As FSB Chair

Date 02/12/2021

Klaas Knot today has taken office as Financial Stability Board (FSB) Chair, succeeding Randal K. Quarles.

Hundsun Technologies Subsidiary Acquires Rights To Finastra’s Fusion Summit Business In Mainland China, Hong Kong And Macau - CloudWing Network Will Develop A Chinese Version Of Finastra’s Fusion Summit Treasury Management Solution

Date 02/12/2021

CloudWing NetWork Technologies CO., Inc. (“CloudWing Network”), a subsidiary of Hundsun Technologies, has acquired the rights to Finastra’s Fusion Summit product and book of business in Mainland China, Hong Kong and Macau. CloudWing Network will develop, license and deploy the Fusion Summit treasury management solution for customers in these markets and develop a Chinese version of the solution that will be tailored to the specific local requirements, enabling banks to take advantage of both domestic and international opportunities.

UK Financial Conduct Authority Confirms New Listing Rules To Boost Growth And Innovation On UK Stock Markets

Date 02/12/2021

The FCA has today confirmed a series of rule changes to ensure that the UK’s public markets remain a trusted and attractive place to list successful companies, providing opportunities for companies to grow from which investors will benefit. 

FlexTrade Integrates Tradefeedr To Improve The Speed And Quality Of FX Trading Decisions - TradeFeedr's FX Data And Analytics Now Available Within FlexTRADER EMS

Date 02/12/2021

FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, announced that Tradefeedr's unified data analytics API is fully integrated and available within FlexTRADER EMS. Tradefeedr enables collaborative analysis of trading performance between liquidity providers and their clients using standardized common metrics. The first FlexTrade client, a European tier-one buy-side firm, is now live and in production using the integration.