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UK Financial Conduct Authority: Extension To Motor Finance Complaint Handling Pause Confirmed
Date 24/09/2024
The FCA has extended the pause to the deadline for motor finance firms to provide a final response to customer complaints regarding discretionary commission arrangements (DCAs) until 4 December 2025.
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Stocklytics.com: Global Stock Market To Hit A $127.4 Trillion Value In 2025, Still $900 Billion Less Than In 2021
Date 24/09/2024
Although the global stock market outlook for 2024 remains positive, investors have been on a bumpy ride with periods of volatility and considerable industry and regional differences in performance over the past nine months. This volatility is expected to continue next year, causing the stock market value to remain below 2021 levels.
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Global Financial Centres Index 36: Leading Centres Remain Strong During Geo-political Challenges
Date 24/09/2024
GFCI 36 Headlines
- The 36th edition of the Global Financial Centres Index (GFCI 36) was published today by Z/Yen Group in partnership with the China Development Institute (CDI). The launch event for GFCI 36 was held in Busan at an international symposium hosted by Busan Finance Center.
- New York held onto the top position in the index and has now been in first place since GFCI 24, published in September 2018.
- London remains second, and Hong Kong has regained third position, overtaking Singapore in fourth position.
- San Francisco remains at number five, with Chicago and Los Angeles overtaking Shanghai to place sixth and seventh, with Shanghai now in eighth position. Shenzhen and Frankfurt complete the top 10.
- There is little change in the ranking of the leading centres, with only Dublin improving more than four rank places - up 11. This continues to suggest no major changes in the economic outlook across the leading economies in the world, with slow but continued growth and inflation falling.
- The average rating across all centres was down 0.42%, suggesting little change in confidence in the financial sector, with the average rating for centres in Latin America & The Caribbean up 0.65% - the only region in which ratings increased.
- New York retains its leading position in the Fintech ranking, followed by London. Shenzhen overtook San Francisco to take third position by just one rating point.
- Hong Kong has joined Washington DC, Los Angeles, Chicago, Singapore, and Seoul in the top 10 FinTech centres, replacing Shanghai, which has dropped to 15th position.
- For this edition of the GFCI, we have researched the key challenges facing international financial centres in the medium term. Geo-Political challenges are clearly seen as the most important risk, mentioned by over 20% of respondents. Competition from other centres and regulatory requirements were mentioned by 15% and 14% of respondents respectively.
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Securities Commission Malaysia: National Sustainability Reporting Framework To Enhance Sustainability Disclosures
Date 24/09/2024
The National Sustainability Reporting Framework (NSRF), developed by the Advisory Committee on Sustainability Reporting (ACSR), is set to enhance the state of sustainability disclosures in Malaysia.
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Welcome Remarks Launch Of The National Sustainability Reporting Framework By Dato’ Mohammad Faiz Azmi Chairman Securities Commission Malaysia, 3:00 PM, Tuesday, 24 September 2024, Securities Commission Malaysia Conference Hall
Date 24/09/2024
I would like to put on record our thanks to Yang Berhormat Dato’ Seri Senator Amir Hamzah for making time to be here this afternoon. His presence underscores the importance of the matters to be presented and discussed today.
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SMT Scharf AG New In The Prime Standard Of The Frankfurt Stock Exchange
Date 24/09/2024
As of today, SMT Scharf AG (ISIN: DE000A3DRAE2) is listed in the Prime Standard on the Frankfurt Stock Exchange, the segment with the highest transparency requirements. Previously, the shares were traded via the open market (quotation board) in Frankfurt.
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Exchange Innovation To Attract SMEs To List Shows Differing Levels Of Success Globally – WFE Research
Date 24/09/2024
The majority of public markets now offer dedicated Small and Medium-sized Enterprise (SME) listing platforms or segments and provide additional support for them to list and access affordable finance, according to research by the World Federation of Exchanges (WFE), the global industry association for exchanges and CCPs. However, these initiatives are met with varying levels of success, which depend on the manner, and level, of regulatory and government support.
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Strategic Political, Corporate Leadership Needed For Africa's Net Zero Transition - Popoola, NGX Group Boss
Date 24/09/2024
Africa must adopt a robust, export-driven strategy to meet the challenges of the net zero transition, according to Mr. Temi Popoola, Group Managing Director and CEO of Nigerian Exchange Group (NGX). Speaking at a side event during the UN Climate Week, organized by Africa Foresight Group and KfW DEG, Popoola emphasized the critical need for strong, coordinated leadership across both political and corporate sectors.
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Rimes Welcomes Gus Macfarlane As Chief Operating Officer - Brings Large-Scale Transformation Leadership Experience And Deep Financial Services Expertise
Date 24/09/2024
Rimes, a leading provider of EDMaaS (enterprise data management-as-a-service) and investment platform solutions to the global investment community, is pleased to announce the appointment of Gus Macfarlane as Chief Operating Officer (COO). Gus joins the executive team with a mandate to lead the company’s transformation, scale global operations, and ensure excellence in client delivery. With his extensive experience in fintech, financial data, and financial services, Gus is set to play a pivotal role in advancing the company’s strategic vision and operational success.
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Worldline Ensures Timely Regulatory Compliance For Anadolubank Nederland N.V. By Providing Cloud-Based Instant Payments
Date 24/09/2024
Worldline [Euronext: WLN], a global leader in payment services, has signed a contract with Anadolubank Nederland N.V. for its cloud-based instant payments solution. This partnership will enable Anadolubank to seamlessly comply with the new EU Instant Payments regulation. The five-year agreement signifies a potential path forward for other mid-size banks, aiming to stay compliant while accelerating their digital transformation.