News Centre

The UK’s Progress On The UK’s Progress On Resolvability - Speech By Dave Ramsden, Bank Of England, Deputy Governor, Markets And Banking, Speech Given At The Institute Of Chartered Accountants In England And Wales (ICAEW)

Date 26/02/2021

Overview

Dave Ramsden talks about what is being done to ensure that banks can no longer be ‘too big to fail’.

This work was introduced after the 2008 financial crisis and it is known as resolution. It aims to minimise the impact of a firm’s failure on depositors, the financial system and public finances.

Cyprus Stock Exchange Monthly Bulletin - January 2021

Date 26/02/2021

The total value of transactions during the month in review reached €1,45 million, with an average of € 0,08 million per trading session. The Financials sector contributed 57,51% to the total value traded which was the highest among all other sectors. Investors primarily focused their interest on the shares of “Bank of Cyprus Holdings Plc” and also on shares of “Logicom Public Ltd” with 35,78% and 19,44% of the total value respectively.

ICE Publishes Auction Calendar For UK’s New Emissions Trading Scheme

Date 26/02/2021

• First UK ETS auction will take place on May 19
• ICE UK Allowance (UKA) Futures and Daily Futures launching

Borsa Istanbul: Equity Market Directive Is Updated

Date 26/02/2021

7th version of Equity Market Directive is updated in the web site with the changes those were declared with the announcement numbered 2021/4. Related rules will be effective from 1st of March, 2021. 

Digital Trade And Data - Evidence Submitted By TheCityUK - Evidence Submitted By TheCityUK To The UK House Of Commons International Trade Committee Inquiry Into Digital Trade And Data

Date 26/02/2021

This Evidence is offered in response to the House of Commons International Trade Committee inquiry into Digital Trade and Data. TheCityUK represents the UK-based financial and related professional services (FRPS) industry – an industry that contributes nearly 10% of the UK’s total economic output and employs over 2.3 million people, with two-thirds of these jobs and half the exports coming from outside London. It is the UK’s largest taxpayer and biggest exporting industry and generates a trade surplus greater than all other UK net exporting industries combined.

UK Government Completes Final £5 Billion Sale Of Bradford & Bingley Plc And NRAM Limited

Date 26/02/2021

A £5 billion sale of Bradford & Bingley plc and NRAM Limited (formerly Northern Rock) and their remaining loans, acquired by the taxpayer as a result of the financial crisis, has been announced today, 26 February.

Deutsche Börse Successfully Completes Acquisition Of ISS, Strengthening The Focus On Sustainable Investing

Date 26/02/2021

• Completion of 81% majority stake acquisition of Institutional Shareholder Services (ISS)
• Deutsche Börse becomes a leading global market infrastructure player on the critical development towards more sustainable investing 
• ISS’ data and research businesses are highly complementary to Deutsche Börse’s entire value chain
• ISS research offering to retain full editorial independence; ISS not to provide research or analyses on Deutsche Börse 

ESMA Consults On Regulating Crowdfunding

Date 26/02/2021

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has today launched a consultation on draft technical standards on crowdfunding under the European crowdfunding service providers regulation (ECSPR).

LedgerEdge Responds To The Khalifa Review On UK FinTech

Date 26/02/2021

David Nicol, CEO of LedgerEdge, a London-based fintech building a new corporate bond platform with distributed ledger technology, commented on the Khalifa Review: 

“We are happy to see this call to accelerate investment and create a vibrant ecosystem for UK fintech startups. There’s a global arms race for talent and money in fintech, and we welcome the UK’s response to the challenge of providing a thriving environment for our exciting sector.”

Inflation: A Tiger By The Tail? - Speech By Andy Haldane, Bank Of England Chief Economist And Member Of The Monetary Policy Committee - A Pre-Recorded Speech Given Online

Date 26/02/2021

The future path of inflation is uncertain. In this speech, Andy Haldane explores the forces that could lead it to be higher, or lower, than expected over the coming years.