News Centre

Carbon Border Tax Can Unite Goals To Level Up And Reach Net Zero

Date 12/01/2022

• A new report by the Centre for Policy Studies published today says the Government can level up and decarbonise the economy simultaneously by introducing a carbon border tax, alongside a selection of other policies
• A carbon border tax on energy intensive imports would see importers from outside of the UK put on a level playing field with British businesses
• This would help support the regions most at risk of being left behind by the push for Net Zero, many of the same areas that the government wants to ‘level up’
• Ahead of the publication of the Government's Levelling Up White Paper, Levelling Up and Zeroing In recommends a range of other policies to ensure that the Net Zero agenda works to help the areas most in need of levelling up
• These include: boosting R&D through spending and regulatory changes, implementing ‘full expensing’ and a ‘green super deduction’ so businesses can invest in greener tech, extending carbon pricing to more of the economy, reforming skills provision, and reinvesting the revenues from carbon policies into helping local areas transition to Net Zero, including via a new breed of technical universities

Japan Financial Services Agency: The Fifth Meeting Of The Working Group On Corporate Disclosure Of The Financial System Council

Date 12/01/2022

The Working Group on Corporate Disclosure of the Financial System Council will hold its fifth meeting on January 19, 2022 as follows.

New Data Suggests WallStreetBets Was An Unreliable Guide To Investment For Most Of 2021 - Stocks Recommended By Reddit’s WSB’s Community Resulted In More Losses Than Returns Last Year

Date 12/01/2022

According to new data compiled by European trading and investing platform Capital.com, relying  on Reddit’s popular online investment forum, WallStreetBets (WSB), to guide investment decisions was a poor investment strategy for the most part of 2021.

Shanghai Futures Exchange: Notice On Investigation And Penalties For Violations Of Relevant Rules And Regulations In December 2021

Date 12/01/2022

Shanghai Futures Exchange (hereinafter referred to as “The Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants.

Trading Platform unionmarkets.com: BaFin Investigates Dip Exelio LLC

Date 12/01/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Dip Exelio LLC, St. Vincent and the Grenadines, has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin.

CME Group Announces First Trades Of China Portside Iron Ore Futures

Date 12/01/2022

CME Group, the world's leading and most diverse derivatives marketplace, today announced that its two new China portside iron ore futures contracts have launched and are available for trading. A total of 500 contracts have traded since launching on January 10, with participation from a number of firms, including ForChi Holding Pte Ltd, Theme International Trading and Trafigura. These trades were brokered by a number of inter-dealer brokers including BPI Financial Group, SSY Futures and Straits Financial Services.

Kharon Joins Temenos Exchange, Adding Decision-Enabling Data On Global Security Threats - Collaboration Provides Pre-Integrated Data Insights Solution For Banks To Fight Financial Crime

Date 12/01/2022

Kharon, a leading provider of research and data analytics covering global security threats that impact commerce and finance, has joined Temenos Exchange, the open marketplace of fintech solutions for more than 3,000 banks and financial institutions worldwide. The integration of Kharon’s data and analytics solutions provides Temenos customers with access to rich data insights designed to power their financial crimes and trade compliance programs.

cakedefi.com: BaFin Investigates Cake Pte. Ltd.

Date 12/01/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Cake Pte. Ltd, Singapore, has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin.

Worldline Will Bring Innovation And Customer Experience To Life At NRF 2022 Retail’s Big Show

Date 12/01/2022

• Retail's Big Show will be in-person, bringing an entire industry back together.
• Immersive eXperience room to live a next level demo experience

Innovative Cooperation And Global Connectivity - Shenzhen Stock Exchange And HKEX Jointly Held Cross-Border Investment Conference

Date 12/01/2022

On January 12, Shenzhen Stock Exchange (SZSE) and Hong Kong Exchanges and Clearing Limited (HKEX) jointly held a cross-border online investment conference with the theme of “Innovative Cooperation and Global Connectivity”. It is an important measure to further implement the cooperation agreement between SZSE and HKEX to strengthen personnel exchanges on a regular basis and deepen two-way joint market cultivation services. Sha Yan, President & CEO of SZSE, and Nicolas Aguzin, Chief Executive Officer of HKEX, attended the conference and delivered speeches. Representatives of SZSE, HKEX, and domestic and foreign financial institutions introduced and exchanged ideas on the high-level two-way opening-up of the capital market and the new opportunities and measures under the integrated development of GBA capital markets. Discussions were also carried out on the enhancement of the Shenzhen-Hong Kong Stock Connect mechanism, the reform and development of the mainland and Hong Kong capital markets, and product allocation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).