News Centre

Emirates NBD Rings Market-Opening Bell To Celebrate Listing Of USD 750 Million Bond On Nasdaq Dubai

Date 22/07/2020

• Capital raised will support banking group’s activities as UAE rises to challenge of COVID-19
• Bank is largest financial services bond issuer on the exchange with six issuances listed valued at 4.1 billion dollars
• Listing underlines Dubai’s stature as largest venue in Middle East for USD debt listings at 84.3 billion dollars

Shanghai Gold Exchange: Notification On Market Risk Control Of Ag(T+D)

Date 22/07/2020

Because of the large fluctuation of intraday silver price, Ag(T+D) contract has already hit its price limit, according to the “Measures for the Administration of Risk Control of Shanghai Gold Exchange”, SGE is going to make adjustments on Ag (T+D) contract’s margin rate and price limit, please find the details below:

SETL Supports IZNES In BdF CBDC Experiment

Date 22/07/2020

London based blockchain company, SETL, is supporting the IZNES consortium in the BdF experiment with CBDC. The consortium comprises IZNES, SETL, Citi, Caceis, and DXC.

The World Federation Of Exchanges Calls To Address Development Of Global Stablecoins With A Taxonomy -- And To Include Crypto-Assets

Date 22/07/2020

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, called for a response to the growth of stablecoins by developing a common taxonomy that would also cover crypto-assets more broadly. This would create consistent and common regulatory classifications before they fragment further, rather than trying to fix differences after the fact.

BNP Paribas Asset Management Appoints Steven Billiet As Head Of APAC

Date 22/07/2020

BNP Paribas Asset Management (‘BNPP AM’) announces the appointment of Steven Billiet as Head of Asia Pacific, with effect from 8 August 2020.  He succeeds Ligia Torres, who is retiring from the firm and will return to Europe in August.

Raiffeisenbank Becomes The First International Participant Of AIX CSD For The Provision Of Custody Services

Date 22/07/2020

Raiffeisenbank has become a Participant of the Astana International Exchange Central Securities Depositories (AIX CSD), thereby allowing international institutional investors to hold their assets at the AIX CSD under the bank’s custody.

ASIC Will Not Appeal Federal Court Decision On Westpac’s ‘Responsible Lending’ Obligations

Date 22/07/2020

ASIC will not seek special leave to appeal to the High Court in the Westpac ‘responsible lending’ matter, following the full Federal Court’s 2-1 decision to reject its earlier appeal (20-149MR ASIC’s responsible lending appeal dismissed by Full Federal Court). 

Shenzhen Stock Exchange Market Bulletin, July 20, 2020, Issue 21

Date 22/07/2020

The Shenzhen Stock Exchange gave the green light on July 13 to the first three companies seeking to list on ChiNext Market under the registration-based IPO mechanism. The three companies — cultural event planning company Beijing FengShangShiJi Culture Media Co. Ltd., medical-device maker Contec Medical Systems Co. Ltd., and package printing company LD Intelligent Technology Co. Ltd. — have met the requirements for issuance, listing and information disclosure and were sent to the CSRC for registration. In addition, three Listing Committee Meetings were held in the week to review the IPO applications of 11 other companies. According to the ChiNext Market IPO issuance and listing guidelines, IPO applicants can complete online and offline issuance within 12 working days and the listing can be arranged on the seventh trading day after the issuance date.

Monetary Authority Of Singapore Imposes Composition Penalty Of $1,100,000 On Asiaciti Trust Singapore Pte Ltd For AML/CFT Failures

Date 22/07/2020

The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $1,100,000 on Asiaciti Trust Singapore Pte Ltd (ATSPL) for its failure to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. These failures were identified by MAS in an inspection. ATSPL has paid the penalty in full and taken remedial actions to address the risk management deficiencies that led to the breaches.

Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Date 22/07/2020

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually and markets will recover with time. Nearly a quarter (23%) were planning to increase existing investments or make new investments in the year ahead.