News Centre

Tiger Global Backs Devron To Deliver Breakthrough Private Data Analysis AI Platform Enables Faster, Actionable Insights While Allaying Privacy Concerns

Date 09/02/2022

Devron, a pioneering data science software company, has raised $12 million in an oversubscribed Series A financing round, led by leading investment firm Tiger Global and with participation from existing investors FinTech Collective, Afore Capital, and Essence Venture Capital. The company will use the funds to accelerate adoption of its innovative machine learning platform that enables businesses and governments to extract actionable insights from enterprise-wide, distributed data.

SEC Proposes Cybersecurity Risk Management Rules And Amendments For Registered Investment Advisers And Funds

Date 09/02/2022

The Securities and Exchange Commission today voted to propose rules related to cybersecurity risk management for registered investment advisers, and registered investment companies and business development companies (funds), as well as amendments to certain rules that govern investment adviser and fund disclosures.

Statement On Cybersecurity Risk Management For Investment Advisers, Registered Investment Companies, And Business Development Companies, SEC Commissioner Allison Herren Lee, Feb. 9, 2022

Date 09/02/2022

Cyber-attacks have increased at an alarming rate in recent years in terms of size, frequency and sophistication. The Equifax breach in 2017 could cost the company as much as $700 million, and affected over 145 million consumers. In 2019, SolarWinds experienced a major cyber breach that impacted nearly 18,000 of its customers, prompting the U.S. Department of Homeland Security to issue an emergency directive to all federal agencies. The acceleration has continued unabated into 2021 with the Colonial Pipeline Company becoming the victim of an attack that heavily disrupted the flow of gas to the East Coast for days, and one of the largest U.S. insurance companies reportedly paying $40 million to hackers after it suffered a ransomware attack. In fact by some measures, we’ve seen a more than a 68% increase since 2020 in the overall number of data compromises, and a concomitant rise in the sophistication of these bad actors. 

New Document From Enerside Energy About Its Listing On BME Growth - It Will Become The First Company To Join This BME Market In 2022

Date 09/02/2022

ENERSIDE ENERGY will carry out two capital increases and, simultaneously, the company intends to make a public share offering in the coming days, subject to the demand for the transaction. Once both are completed, it will publish an addendum to the Information Document with the result. The company's Board of Directors will take the subscription price in the capital increases as the reference price for the start of trading.

Bank Of England Launches A Second Round Of The Biennial Exploratory Scenario (BES) Exercise On Financial Risks From Climate Change

Date 09/02/2022

Today the Bank of England (Bank) launches the second round of the Biennial Exploratory Scenario (BES) exercise on financial risks from climate change. The objective of the Climate BES is to explore the financial risks posed by climate change for the largest UK banks and insurers (participants). This is in line with the plan for the Climate BES set out in June 2021. All first round Climate BES participants are taking part in the second round. Further background on the Climate BES can be found in the Key elements documents of the 2021 Biennial Exploratory Scenario.

Statement On Proposed Rules For Private Fund Advisers, SEC Commissioner Allison Herren Lee, Feb. 9, 2022

Date 09/02/2022

Transparency, protection against conflicts of interest, and accountability – these are cornerstones of investor protection in all markets and for all investors. I am pleased to support today’s proposal which seeks to achieve these goals in the private fund space in a thoughtful and well-informed manner. With over 5,000 registered private fund advisers managing over $18 trillion in private fund assets, this growing segment of the market has a significant impact on investors, capital markets and our economy. As noted in the release, the staff has a decade of oversight under its belt, and now brings that depth of experience and expertise to bear in proposing a number of important reforms.

Moscow Exchange: Risk Parameters Change For The Security DOCS-RM

Date 09/02/2022

As per the Securities market risk parameters methodology, on 09.02.2022, 18-35 (MSK) the upper bound of the price band (up to 5635) and initial margins (up to 87.5 %) for the security DOCS-RM were changed.

BIS: Governors And Heads Of Supervision Unanimously Reaffirm Commitment To Implementing Basel III Framework - Reappoint Pablo Hernández de Cos As Chair Of The Basel Committee

Date 09/02/2022

• The Basel Committee's oversight body reiterates its commitment to implementing all aspects of the Basel III framework.
• Reappoints Pablo Hernández de Cos as Chair of the Basel Committee for a second term.
• Begins the process for selecting the Chair of the Group of Governors and Heads of Supervision to succeed François Villeroy de Galhau.

‘A New Era For Money’: Green Paper Outlines A Digital Future For The Pound - New Paper Advocates For Closer Public-Private Collaboration To Advance Exploration Of A Digital Currency In The UK, Before A Real-World Pilot Of ‘Digital Pound’ (dSterling)

Date 09/02/2022

Project New Era, a ground-breaking initiative in the UK led by The Payments Association (formerly The Emerging Payments Association (EPA)), paywith.glass and other private industry stakeholders, supported by Boston Consulting Group (BCG) as its consulting partner, today announces the publication of the Green Paper report ‘A New Era for Money’. The paper advocates for a first of its kind collaboration between central banks, regulators, commercial banks and other financial institutions (FIs) towards the exploration of a retail Central Bank Digital Currency (CBDC) in the UK. The Green Paper will be followed by real-world pilots to address open design questions and mitigate risks. The pilots will generate working data and feedback that central banks and policymakers can use to inform open design questions and enable relevant authorities to make policy decisions.

Statement On Rules Regarding Clearing And Settling, SEC Chair Gary Gensler, Feb. 9, 2022

Date 09/02/2022

Today, the Commission is proposing several amendments to the securities clearing and settling process — what one might call the “market plumbing.” I support this release because, if adopted, I believe it could lower risk to the financial system and drive greater efficiencies in the markets.