News Centre

SGX To Fully Acquire BidFX, Advancing Its Global Ambitions To Offer End-To-End FX Platform And Solutions

Date 29/06/2020

• Acquisition will accelerate momentum to establish SGX as a one-stop venue for international FX OTC and futures participants
• Continued revenue growth in BidFX driven by record trading volumes and onboarding of new clients

EGX Holiday Wednesday 1 July And Thursday 2 July

Date 29/06/2020

EGX will be on holiday on Wednesday and Thursday

Abu Dhabi Securities Exchange (ADX) Introduces Region’s First Comprehensive Sustainability Report - Report Reinforces Guiding Principles On Sustainable Finance Encourages Growth Of Sustainable Investments Opportunities In The UAE

Date 29/06/2020

Abu Dhabi Securities Exchange (ADX), part of ADQ, has launched today its first Sustainability Report. The report is the first across the region to be presented in such a comprehensive format and is expected to be updated annually.

FSB Evaluation Finds Too-Big-To-Fail Reforms Made Banks More Resilient And Resolvable, But Gaps Need To Be Addressed

Date 28/06/2020

The Financial Stability Board (FSB) today published for public consultation an evaluation of too-big-to-fail (TBTF) reforms for systemically important banks. The TBTF reforms were endorsed by the G20 in the aftermath of the 2008 global financial crisis and have been implemented in FSB jurisdictions over the past decade. The evaluation examines the extent to which the reforms are reducing the systemic and moral hazard risks associated with systemically important banks, as well as their broader effects on the financial system.

Nasdaq Dubai Welcomes Listing Of USD 1.5 Billion Sukuk By Islamic Development Bank To Support COVID-19 Interventions

Date 28/06/2020

• Funds will aid health, social and business programmes countering effects of virus among bank’s 57 member countries
• Listing underlines global collaboration in Islamic capital markets to promote socially beneficial initiatives

EBA Launches Discussion On Further Enhancing Supervisory Powers Of Competent Authorities

Date 27/06/2020

The European Banking Authority (EBA) published today a discussion paper exploring ways on how to enhance the Bank Recovery and Resolution Directive (BRRD) framework on early intervention measures. The objective is to further enhance crisis management tools available for competent authorities in addition to well-established and widely used supervisory powers laid down in the Capital Requirements Directive (CRD) and in the Single Supervisory Mechanism Regulation (SSMR).   

Tehran Stock Exchange Weekly Market Review 20 June 2020 To 24 June 2020

Date 27/06/2020

Click here to download Tehran Stock Exchange's weekly market review.

Discussion Paper On Application Of Early Intervention Measures In The European Union According To Articles 27‐29 Of The BRRD (EBA/DP/2020/02)

Date 27/06/2020

The European Banking Authority (EBA) published today a discussion paper exploring ways on how to enhance the Bank Recovery and Resolution Directive (BRRD) framework on early intervention measures. The objective is to further enhance crisis management tools available for competent authorities in addition to well-established and widely used supervisory powers laid down in the Capital Requirements Directive (CRD) and in the Single Supervisory Mechanism Regulation (SSMR).   

DGCX Partners With Albilad Capital To Provide Pricing Data For Recently Launched Shari’ah Compliant Gold-Backed ETF - Albilad’s Exchange Traded Fund Has Successfully Listed On Tadawul Using DGCX’s Shari’ah Compliant Spot Gold Contract As Benchmark Index

Date 27/06/2020

The Dubai Gold and Commodities Exchange (DGCX) today announced that it has partnered with Albilad Capital to provide pricing data for the company’s recently launched Shari’ah compliant, gold-backed Exchange Traded Fund (ETF). The ETF, listed on Tadawul, uses data from the DGCX’s Shari’ah Compliant Spot Gold Contract (DGSG) for its benchmark pricing, and is the region’s first physically-backed gold ETF that complies with Shari’ah requirements in line with Islamic rules and principles. Since its launch at the beginning of the month, Albilad Capital has invested in 780 kilograms of gold valued at $42.67 million.

IMF Executive Board Approves A US$356.5 Million Disbursement To Myanmar To Address The COVID-19 Pandemic

Date 27/06/2020

• The IMF Executive Board approves the 72nd request for emergency financial assistance to help its member countries address the challenges posed by COVID-19.
• Myanmar’s economy has been severely impacted by the COVID-19 pandemic. The global shock has led to a sharp decline in exports, remittances and tourist arrivals. Domestic activity has been constrained by the required lockdown measures.
• To address the urgent balance-of-payments and fiscal needs, the IMF has approved US$ 356.5 million emergency assistance for Myanmar under the Rapid Credit Facility and the Rapid Financing Instrument.
• This will support the government’s COVID-19 Economic Relief Plan that aims at minimizing the pandemic’s impact by stimulating the economy and boosting expenditures especially on health and social safety nets.