News Centre

UK Parliament Treasury Committee Reports On Future Regulatory Framework Of Financial Services

Date 06/07/2021

The Treasury Committee has today published its Report on The Future Framework for Regulation of Financial Services.

• Read the report summary
• Read the report conclusions
• Read the full report
• Read the full report (PDF)

In the Report, the Committee considers the future of financial services following the Brexit transition period and examines how financial regulations should be set and scrutinised by Parliament.

Smart POS Terminals In Service Globally To Grow By 156% By 2026, As Retailers Seek Analytics Capabilities: Juniper Research

Date 06/07/2021

A new study by Juniper Research has found that smart POS terminals globally in service, where analytics and loyalty can be integrated directly to the terminal, will increase from 13.7 million in 2021, to 35 million units in 2026. As digital payments accelerate and QR codes provide intense competition, particularly in North America, POS terminals need to offer more features than before. The report identified smart POS terminals as the future of POS terminals that should be considered by all vendors.

Bitpanda Appoints Irina Nicoleta Scarlat From Revolut As Its First Chief Growth Officer

Date 06/07/2021

Bitpanda, the European digital investment platform and Austria's first unicorn, has named Irina Nicoleta Scarlat as its first Chief Growth Officer (CGO), effective immediately.

Lack Of Standardised ESG Reporting System Biggest Threat To Effective ESG Disclosures, According To Duff & Phelps, A Kroll Business

Date 06/07/2021

Duff & Phelps, A Kroll Business, the world’s premier provider of governance, risk and transparency solutions, today publishes research revealing almost half (45%) of valuation experts believe a lack of a standardised and recognised measurement system is the biggest threat to effective environmental, social and governance (ESG) disclosures for businesses.

Shenzhen Stock Exchange Party Committee Organizes The Study And Implementation Of The Guiding Principles Of The Speech Delivered By General Secretary XiJinping At The Ceremony Marking The Centenary Of The CPC

Date 06/07/2021

On the morning of July 1, the Party Committee of Shenzhen Stock Exchange (SZSE) organized all cadres to watch the live broadcast of the ceremony marking the centenary of the CPC and listen to the important speech delivered by General Secretary Xi Jinping. On the afternoon of the day, the SZSE Party Committee convened an enlarged meeting of Party Committee Central Group to conscientiously study and understand the guiding principles of the speech, and discuss the arrangement of the work on thoroughly studying and practicing the guiding principles across SZSE. The Party organizations at all levels of SZSE followed up and studied the guiding principles of the speech in a timely manner to further deepen the understanding and learning and strengthen the implementation.

ASX Group Monthly Activity Report - June 2021

Date 06/07/2021

Trading – Cash Markets (including equities, interest rate and warrant trades)

• In June 2021, the average daily number of trades was down 16% on the pcp. The average daily value traded onmarket of $5.7 billion was down 27% on the pcp. 
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.5% in June (compared to 1.3% in the pcp). 
• Expected future volatility (as measured by the S&P/ASX 200 VIX) in June was an average of 12.1 (compared to 22.2 in the pcp).

HKEX To Introduce FINI, Modernising Hong Kong’s IPO Settlement Process

Date 06/07/2021

• Overwhelming support for FINI proposals to modernise and streamline Hong Kong’s IPO settlement process
• T+2 IPO settlement cycle to be adopted, expected to launch in the fourth quarter of 2022, at the earliest
• Updated FINI operating model reflects wishes from all key groups of IPO market participants

Caixa And Fiserv Complete First Merchant Transaction Via Maquininha CAIXA Pagamentos - Partnership Signed In April 2021 Has First Transaction Carried Out Today In City Of Samambaia (DF)

Date 05/07/2021

Caixa Econômica Federal (“CAIXA”) and Fiserv, Inc (NASDAQ: FISV), a leading global provider of payments and financial services technology, today completed the first payment transaction for a merchant as part of the companies’ recently signed merchant acquiring services agreement. The transaction was completed via the Caixa-branded point-of-sale terminal, “Maquininha CAIXA Pagamentos.”

ISDA Submits Letter On Amendments To IFRS Foundation Constitution

Date 05/07/2021

On July 5, ISDA submitted a letter to the IFRS Foundation in response to its proposed targeted amendments to the IFRS Foundation Constitution to accommodate an International Sustainability Standards Board to set IFRS sustainability standards. ISDA recognizes that financial reporting alone does not provide investors and other stakeholders with a full enough picture of enterprise value and it is desirable to have consolidation of existing frameworks, methodologies and metrics for sustainability reporting. ISDA considers the proposal and the establishment of parallel workstreams to be key steps towards ensuring the IFRS Foundation can play an instrumental role in developing globally accepted sustainability reporting standards, leveraging its existing structures, due process and significant experience as a global standard-setter.

EBA Publishes Final Draft Technical Standards To Improve Supervisory Cooperation For Investment Firms

Date 05/07/2021

The European Banking Authority (EBA) published today final draft regulatory technical standards (RTS) and Implementing Technical Standards (ITS) on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms. These draft standards, developed in consultation with the European Securities and Markets Authority (ESMA), provide a solid framework for (i) cooperation in the supervision of investment firm groups through colleges of supervisors and (ii) for information exchange for investment firms operating within the EU through branches or the free provision of services. These draft standards are part of the phase 2 mandates of the EBA roadmap on investment firms, and aim at improving cooperation and information exchanges between the supervisors of investment firms.