News Centre

Amman Stock Exchange: Eid Al-Adha Al-Mubarak Holiday

Date 14/07/2021

In light of the Prime Minister's decision to declare a public holiday for ministries, official departments, institutions and public bodies from July 19 until July 23 in celebration of Eid Al-Adha Al-Mubarak.

UK Financial Conduct Authority Bans Convicted Fraudster From Carrying Out Regulated Activity

Date 14/07/2021

The FCA has banned director Matthew Creed from performing any regulated activity. This decision follows an FCA investigation that found Mr Creed failed to inform the FCA about his bankruptcy and a disqualification as a company director.

Bank Of England: Minutes Of The Working Group On Sterling Risk-Free Reference Rates - June 2021

Date 14/07/2021

The Working Group on Sterling Risk-Free Reference Rates, which is comprised of a diverse set of market participants, is working to catalyse a broad-based transition to SONIA by end-2021.

Dubai Financial Services Authority: Former Abraaj CFO, Mr Ashish Dave, Fined USD 1.7 Million For His Involvement In Deception, Unauthorised Activity, And Compliance Breaches

Date 14/07/2021

The Dubai Financial Services Authority (DFSA) has today published a Decision Notice against Mr Ashish Bhrugu Dave (Mr Dave), a former Chief Financial Officer (CFO) of the Abraaj Group, imposing a penalty of USD 1,700,000 (AED 6,243,250).  The Notice also prohibits and restricts Mr Dave from performing any function in connection with the provision of financial services in or from the DIFC.

The Egyptian Exchange Participates In A Joint High Level Event Of The United Nations

Date 14/07/2021

EGX’s chairman, Dr. Mohamed Farid Saleh, participated in a virtual Joint High Level Event by UNDP, UNCTAD, ILO, UNDESA entitled; “The role of business and the financial sector in financing a sustainable and resilient recovery from COVID-19” with the participation of Dr. Hala ElSaied, Minister of Planning and Economic Development and representatives of several international institutions.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 14/07/2021

CCP NCC is changing risk parameters on Securities market starting from July 16, 2021:

Shanghai International Energy Exchange Has Released Its Circular On Waiver Of Fees

Date 14/07/2021

Shanghai International Energy Exchange has released its Circular on Waiver of Fees as follows:

It is decided that the fees charged for using standard warrants as margins will be waived from July 30, 2021.

Eurex Expands Client Scope Of Buy-Side Access To Cleared Repo Business

Date 14/07/2021

• Expansion of the ISA Direct access model allows for additional clients – including, among others, hedge funds – access to the centrally cleared European repo business
• Launch announcement accompanied by publication of new whitepaper on "Capital efficiencies through direct access repo clearing models for the buy-side"

Exactpro Expands Into Lithuania And Sri Lanka

Date 14/07/2021

Exactpro, a leading independent provider of software testing services for mission-critical financial technology, will launch its subsidiaries in Lithuania and Sri Lanka in 2021.

A New Type Of Bank Account And Currency For The UK - A New Golden Era In Money: Revolutionary New Banking Platform With Money Designed To Protect And Benefit The Customer, Not The Bank

Date 14/07/2021

• Tally^® is disrupting the monopoly of government-issued debt-based (fiat) currency in bank accounts.
• World’s first to issue customer accounts with individual IBANs (International Bank Account Number) using non-fiat money.
• Tally is a private sector designed ‘foreign currency’ anchored by physical gold and used globally with no transaction charges and no added foreign exchange (FX) margins anywhere in the world.
• Fiat currency challenger that protects savings from inflation and near zero interest rates.