News Centre

Account Of The Monetary Policy Meeting Of The Governing Council Of The European Central Bank Held In Frankfurt am Main On Wednesday And Thursday, 21-22 July 2021

Date 26/08/2021

1. Review of financial, economic and monetary developments and policy options

Financial market developments

Ms Schnabel reviewed the financial market developments since the Governing Council’s previous monetary policy meeting on 9-10 June 2021.

New Research From Carat Showcases The Staying Power Of Omnichannel Commerce

Date 26/08/2021

According to a new Carat Insights report released today by Fiserv, Inc. (NASDAQ: FISV), omnichannel commerce trends that emerged and accelerated during the Covid-19 pandemic are showing their staying power. Data shows commerce experiences that blend the physical and digital are increasingly popular among consumers, digital spending has increased across verticals throughout the pandemic, and in-store payments made digitally are gaining share.

Moscow Exchange: Risk Parameters Change For The Securities

Date 26/08/2021

The following risk parameters will be changed:

Synechron Expands Its Capabilities In Insurance Services With The Milestone Achievement Of A 100+ ASPPA-Certified Professionals

Date 26/08/2021

Synechron Inc., a leading digital consulting firm for financial services, is expanding its Insurance Service practice as it announces the successful certification of more than 105 individuals across their US and India locations in the Retirement Plan Fundamentals (RPF) educational program. Offered by the American Society of Pension Professionals & Actuaries (ASPPA), the preeminent national organization for retirement plan professionals, this RPF certification reinforces Synechron’s capabilities in Retirement Plan Platform services, strengthening their already impressive BFSI credentials and reaffirming their commitment to building capabilities and talent.

SET Appoints New SEVP In Charge Of Market Supervision

Date 26/08/2021

The Stock Exchange of Thailand (SET) has recently appointed Paveena Sriphothong as Senior Executive Vice President (SEVP), Head of Market Supervision Division, effective from September 1, 2021.

Share Of Investors In Financial Instrument Turnover On GPW In H1 2021

Date 26/08/2021

• Domestic individual investors generated 24 percent of GPW Main Market equities turnover in H1 2021 (+2 pps YoY), a record-high H1 share in a decade. Foreign investors generated 55 percent of turnover (-3 pps YoY) and institutional investors generated 21 percent (+1 pps YoY).
• Individual investors remained in the lead on NewConnect as their share in turnover was 88 percent (-5 pps YoY). The share of institutional investors increased to 6 percent (+1 pps YoY) and the share of foreign investors also increased to 6 percent (+4 pps YoY).
• The share of individual investors in futures turnover decreased by 8 pps to 34 percent and the share of institutional investors decreased by 1 pps to 37 percent in H1 2021. The share of foreign investors increased by 9 pps to 29 percent, a historical record both for H1 and throughout a year in a decade.

Dubai International Financial Centre Announces Adequacy Assessment By UK Department For Digital, Culture, Media And Sport

Date 26/08/2021

Dubai International Financial Centre (DIFC or the Centre), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has formally engaged with the UK’s Department for Digital, Culture, Media & Sport Department (DCMS) regarding the Data Protection Law, DIFC Law No. 5 of 2020 (DP Law 2020).  The collaboration between DIFC and DCMS comes part of the UK’s overall approach to international data transfers, including establishment of an International Data Transfers Experts Council in addition to the aforementioned assessments of DIFC and five other top priority jurisdictions. This process is to determine whether DP Law 2020 is substantially equivalent to the UK General Data Protection Regulation and UK Data Protection Act of 2018 (UK DPA). Adequacy recognition of DIFC’s Data Protection Law would mean that it is fair and effective enough to protect UK-originating data being processed by entities in the Centre.

ELEMENTARYb Appoints Shuab Akhtar As Director Of Product - Also Provides Updates On Developmental Progress

Date 26/08/2021

ELEMENTARYb, the intelligent financial management platform providing complete control to MMEs, has appointed Shuab Akhtar as Director of Product.  Shuab will drive the development, delivery and ongoing evolution of the company’s business management software platform.

NetWork Consulting GmbH: BaFin Issues Cease And Desist Order To Immediately Stop And Wind Up Unauthorized Money Remittance Business

Date 26/08/2021

As of 29 July 2021, BaFin issued a cease and desist order to NetWork Consulting GmbH to stop and wind up the unauthorized money remittance business immediately.

SGX RegCo Charts The Way Forward On Mandatory Climate Reporting, Wants Board Diversity Disclosures

Date 26/08/2021

Singapore Exchange Regulation (SGX RegCo) is proposing a roadmap for climate-related disclosures to be made mandatory in issuers’ sustainability reports (SRs) amid urgent demand for such information from lenders, investors and other key stakeholders. Other matters SGX RegCo is consulting the public on include requiring assurance of SRs and one-time sustainability training for all directors.