News Centre

Introducing The EDHEC-Princeton Retirement Goal-Based Investing Index Series – An Answer To The Retirement Problem

Date 02/05/2018

With the growing need to supplement public and private retirement benefits with voluntary contributions, individuals are becoming increasingly responsible for their own retirement savings and investment decisions. This global trend poses substantial challenges to individuals, who typically lack the expertise required to make such complex financial decisions. Unfortunately, current investment products such as target date funds that are often used as default options in retirement accounts, hardly provide a solution to investors’ and households’ replacement income needs in retirement.

UBS MTF Market Notice: Technical Changes For Periodic Auction And Dark Order Book

Date 02/05/2018

Following the publication of the UBS MTF factsheet on the forthcoming new Periodic Auction, we would like to follow-up with information on the technical changes that will be required to participate in the UBS MTF Periodic Auction.

DIFC: IMF Spring 2018 Regional Economic Outlook Calls For Accelerated Reforms To Promote Faster And More Inclusive Growth In The Middle East, North Africa, Afghanistan And Pakistan Region

Date 02/05/2018

• Global growth is projected to strengthen further to 3.9 percent in 2018 and in 2019
• Economic growth in MENAP oil exporting countries is expected to accelerate in 2018-2019 thanks to continued recovery in non-oil activity
• Fragile recovery continues in MENAP oil importing countries supported by gains from ongoing reforms and improved confidence
• Outlook for oil prices remains uncertain, expected to remain subdued in the medium term

OTC Clear Expands Its Services To USD/HKD Cross Currency Swaps And Extends Clearable Tenors Of HKD Interest Rate And Basis Swaps To 15 Years

Date 02/05/2018

OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that provides clearing and settlement services for over-the-counter (OTC) derivative transactions, commenced clearing of US dollar – Hong Kong dollar Cross Currency Swaps (USD-HKD CCS) and extended the clearable tenor of both HKD Interest Rates Swaps (IRS) and HKD Basis Swaps from 10 years to 15 years on 30 April 2018.

High-Cost Credit: What Next? Speech By Andrew Bailey, Chief Executive At The UK Financial Conduct Authority, Delivered At A New City Agenda Event, Portcullis House, Westminster, London

Date 02/05/2018

Highlights

• Taking on responsibility for regulating consumer credit in 2014 has been one of the largest tasks the FCA has undertaken.
• In 2017, we published the findings of a major survey on the financial lives of UK adults.
• The FCA has already been active to seek to reform and to tackle harm that has built up.

Bank Of England: Huw van Steenis Appointed As A Senior Adviser To The Governor

Date 02/05/2018

The Governor has appointed Huw van Steenis as a Senior Adviser on the long-term future of the financial system.

Artificial Intelligence Helps Merchants Manage Cost Of Fraud: SIX Payment Services Complements Its Range Of E-Commerce Services With The Most Effective Solution In The Industry, Fraud Free By SIX – Powered By Fraugster

Date 02/05/2018

Merchants across the globe consider the increase of fraud – both in terms of number and sophistication – as one of their main concerns. No wonder: across the industry, they lose an average of 1.5% of annual revenue or 29 bn USD to fraud. Applying strict rules to block suspicious transactions is not the right answer, as it may backfire: 6 out of 10 consumers never return to a merchant who blocked their transactions. Where most payment providers use conventional built-in fraud engines, SIX Payment Services now launches a revolutionary product based on artificial intelligence (AI).  

Singapore FinTech Festival Up-Sized With Richer Content And Focus On ASEAN

Date 02/05/2018

The Monetary Authority of Singapore (MAS) today announced that the third edition of the Singapore FinTech Festival will be held from 12 to 16 November 2018 in Singapore.

LCH Clears First Non-Deliverable Interest Rate Swaps

Date 02/05/2018

• Clearing for Chinese Yuan, Korean Won and Indian Rupee-denominated non-deliverable interest rate swaps
• J.P. Morgan and Standard Chartered among first participants to clear the products
• SwapClear now offers clearing for derivatives across 21 currencies
• Move follows a record quarter for SwapClear’s volumes, with $292 trillion cleared in Q1 2018

Monetary Authority of Singapore Requires OTC Derivatives To Be Centrally Cleared To Mitigate Systemic Risk

Date 02/05/2018

The Monetary Authority of Singapore (MAS) will introduce regulations to require over-the-counter (OTC) derivatives to be cleared on central counterparties (CCPs)1, with effect from 1 October 2018. Central clearing will make the trading of OTC derivatives in Singapore safer as it mitigates counterparty credit risks inherent in these trades.