News Centre

Savings, Efficiencies And Greater Reliability In Entity Verification Processes Of A Combined Annual Value Of $650m To The Financial Services Industry Identified In New Research Into Legal Entity Identifiers

Date 17/10/2017

• New research undertaken by McKinsey & Company and the Global Legal Entity Identifier Foundation (GLEIF) estimates that broader, global adoption of Legal Entity Identifiers (LEIs) could yield annual savings of over $150m within the investment banking industry and up to $500m for banks in the issuance of letters of credit.
• Annual savings in investment banking would include at least 10 percent of total operational costs for onboarding clients and trading processing through the use of the LEI.
• These findings form part of a white paper published today which examines the potential use cases of the LEI in streamlining legal entity identification.

ACER Stakeholders’ Workshop On The Agency’s Draft Work Programme 2019

Date 17/10/2017

The EU Agency for the Cooperation of Energy Regulators has kicked-off preparations for its Annual Work Programme 2019. On 25 October 2017 at 10.30 Alberto Pototschnig, Director of the Agency, will present the draft outline of the Work Programme 2019 at a workshop in Ljubljana. All interested parties will be invited to express their views and share their opinions on which areas, in line with its mandate, the Agency should focus its efforts on in 2019.

Financial Statements Of The Third Quarter 2017 For Companies Listed At The Amman Stock Exchange

Date 17/10/2017

The Chief Executive Officer of the Amman Stock Exchange (ASE) Mr. Nader Azar, said that the ASE is still receiving the quarterly reports of the period ended in September 30, 2017, from all companies listed at the ASE which have been reviewed by their auditors.  The listed companies must submit quarterly reports reviewed by their auditors within one month after the end of the said quarter by virtue to the Directives for Listing Securities at the ASE for the year 2016.

ESMA Conference Examines The State Of European Financial Markets

Date 17/10/2017

The European Securities and Markets Authority (ESMA) will host its first conference, entitled The State of European Financial Markets, today at the Westin Grand Paris – Vendôme. Over 350 participants from across the European financial sector, including political decision makers, regulators, consumer and industry representatives and financial media will discuss the key issues facing Europe’s capital and securities markets.

Accuity Improves Payments Operations Through To The Last Mile Of Every Transaction - Enhanced Accuracy And Automation To Process Cross-Border Payments Seamlessly From Onboarding Data Validation To Routing

Date 17/10/2017

Accuity, the global financial crime compliance, payments and KYC solutions provider, today announces the release of the Bankers Almanac Global Payments Web Service 2.0. With faster performance, new types of reference information, and increased security, this enhanced solution helps clients to process payments with greater accuracy and automation.

Hong Kong's Securities And Futures Commission: Court Of Appeal Dismissed Moody’s Leave Application To Appeal To The Court Of Final Appeal

Date 17/10/2017

The Court of Appeal today dismissed Moody’s Investors Service Hong Kong Limited’s (Moody’s) application for leave to appeal to the Court of Final Appeal in the matter of the Securities and Futures Commission’s (SFC) disciplinary action in relation to a special comment report published by Moody’s in 2011 (the Report) .

Large Spanish Companies Form The Alastria Consortium To Develop The Blockchain Ecosystem In Spain

Date 17/10/2017

• Created the world's first national multi-sector network using this technology, which aims to enable and accelerate the digital transformation of the various industrial or business sectors.
• Ditributed Ledger Technology (DTL) provides secure and verified information for all participants.

• Madrid, 17 October 2017.- The main Spanish banking, energy and telecommunications companies, among other sectors, have established Alastria, the world's first regulated national network based on blockchain. This non-profit consortium was presented today simultaneously in the cities of Madrid, Barcelona, Bilbao, Valencia and Malaga. It will develop the Ditributed Ledger Technology (DTL), which is set to become the new data exchange ecosystem and which will enable and accelerate the digital transformation of different industrial and business sectors in the coming years thanks to its agility, veracity, security and efficiency.

SGX Launches SGX America With Office Opening In Chicago

Date 17/10/2017

Singapore Exchange (SGX) today announced that it has expanded its international footprint with the opening of SGX America in Chicago.

EDHEC: Infrastructure Investors May Be Taking Huge Risks If They Do Not Diversify Their Portfolio Adequately

Date 17/10/2017

A new paper examines the characteristics of the EDHEC Private Infrastructure Equity Index and finds that investors that do not sufficiently diversify their private infrastructure portfolio should not expect to receive all the benefits of the 'infrastructure investment narrative.'

Accuity Provides Greater Clarity On KYC Risks -New BA Sanctions View Combines Insight Into Ownership And Risk

Date 17/10/2017

Accuity, the global financial crime compliance, payments and KYC solutions provider, announces the launch of Bankers Almanac Sanctions View. The new proposition allows financial institutions to gain a comprehensive and holistic view of their financial counterparties – including their ownership data together with any sanctions risk – to help them perform their KYC due diligence faster and easier. Algorithms that use Bankers Almanac’s extensive data, sourced from more than 50 regulatory bodies, against the details of over 23,000 banks, establish a strength score on the potential risks posed by counterparties.