News Centre

ASX Trade Outage - ASIC Investigation

Date 23/11/2020

ASIC has confirmed to ASX that it is conducting an investigation into the ASX Trade outage on Monday 16 November 2020.

Monetary Authority Of Singapore Enhances RMB Liquidity Through A New RMB 25 Billion Initiative For Banks

Date 23/11/2020

The Monetary Authority of Singapore (MAS) today announced the launch of a new initiative to provide up to RMB 25 billion of funding to banks in Singapore. The initiative will deepen RMB liquidity and further strengthen banks’ ability to meet the growing RMB business needs of their customers in Singapore and the region.

Dubai Financial Market Closed For Commemoration Day And UAE's 49th National Day, From Tuesday 1st To Thursday 3rd, Reopening On Sunday 6th December

Date 23/11/2020

On the occasion of Commemoration Day and UAE's 49th National Day, DFM will be closed starting from Tuesday 1 December 2020 till Thursday 3 December 2020 and work shall resume on Sunday 6 December 2020.

Shenzhen Stock Exchange Establishes The 1st Accounting Advisory Committee To Build Market Synergy And Improve Quality Of Financial Information Disclosure In Capital Market

Date 23/11/2020

To fully implement the guiding principles of the Fifth Plenary Session of the 19th CPC Central Committee and the requirements specified by the State Council in the Suggestions on Further Improving the Quality of Listed Companies, SZSE recently set up the Accounting Advisory Committee. It’s a measure taken by SZSE to further pool market wisdom and leverage the synergy of market participants to jointly improve the financial information disclosure quality in the capital market, support the reform of the registration-based IPO system with “information disclosure at its core”, and ensure steady advancement of the key tasks of deepening the reform of the capital market in all respects and the comprehensive authorization reform of the pilot demonstration zone of socialism with Chinese characteristics.

IMF Managing Director Kristalina Georgieva Urges G20 Leaders To Jointly Build the Foundations Of A Better 21st Century Global Economy

Date 22/11/2020

International Monetary Fund (IMF) Managing Director Kristalina Georgieva made the following statement today following a virtual meeting of G20 Leaders’ Summit:

“During our meeting, I commended the G20 countries as a whole for taking unprecedented actions to mitigate the impact of COVID19—including fiscal and monetary measures--that have helped to prevent massive bankruptcies and an even deeper crisis. "

DGCX Celebrates 15th Year Anniversary Today

Date 22/11/2020

Established in 2005, the DGCX today stands as the largest and most diversified derivatives exchange in the Middle East, providing guaranteed settlement and reduced counterparty risk through the Dubai Commodities Clearing Corporation (DCCC), a 100% owned subsidiary by DGCX. 

DIFC Signs Agreement With leading Israeli Bank - Bank Hapoalim

Date 21/11/2020

• The agreement demonstrates DIFC’s contribution to the United Arab Emirates’ desire to forge business ties with Israel
• Outlines intent to encourage cooperation across financial services activities and the future of finance agenda
• Bank Hapoalim, one of Israel’s leading financial institutions, will use DIFC’s platform to access banking and FinTech opportunities in the Middle East, Africa and South Asia (MEASA) from Dubai

Alongside G20 Summit, IRTI Launches Saudi Arabia Islamic Finance Country Report

Date 21/11/2020

In conjunction with the G20 Summit being held in Saudi Arabia on 21-22 November 2020, the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has launched the Kingdom of Saudi Arabia Islamic Finance Country Report.

Joint Trade Associations Paper Requesting An Extension Of The Third-country Benchmarks Transition Period

Date 20/11/2020

On November 20, 2020, ISDA and 13 other trade associations, published a paper expressing concern that the EU Benchmarks Regulation (BMR) third-country benchmarks regime transition period should be extended to end-2025. The European Parliament and the Council of the European Union are in final negotiations on a revision of BMR, with the council having supported an extension to end-2025 in its version of the draft text.

IMF Executive Board Approves US$185.32 Million In Emergency Support To Nicaragua To Address The COVID-19 Pandemic

Date 20/11/2020

• The IMF Executive Board approved today Nicaragua’s request for emergency financial assistance of US$185.32 million to help the country meet urgent balance of payments needs stemming from the COVID-19 pandemic.
• Emergency financing will be used to accommodate urgently needed health related and social spending.
• The authorities will transfer one half of the emergency funds to the United Nations Office for Project Services (UNOPS) and the World Food Programme (WFP) that will assist with the transparent execution of targeted expenditure.