News Centre

Thomson Reuters And The Toronto Financial Services Alliance: Canada Ready To Become The Islamic Finance Hub Of North America

Date 03/12/2015

• Thomson Reuters and the Toronto Financial Services Alliance launched a study on Islamic finance investment opportunities in Canada during a roundtable at WIBC 2015
• Almost $18 billion in potential Shariah-compliant mortgages available to support Canada’s Islamic banking development
• International sukuk can support infrastructure investments amounting to $130 billion; additional opportunities for corporate sukuk
• Canadian asset managers are well positioned to capture a share of the responsible Islamic investments in OIC markets worth over $23 billion

PEGAS Trading Volumes In November 2015 - PEGAS Reaches New Monthly Volume Records In November

Date 03/12/2015

PEGAS, the pan-European gas trading platform operated by Powernext, announced that a total volume of 129.3 TWhwas traded in November 2015 which represents its highest traded volume to date (previous record: 108.8 TWh in October 2015). This corresponds nearly a doubling of the volumes compared to last year (November 2014: 55.4 TWh).

EEX New Participant: Tallon Trading AG

Date 03/12/2015

Tallon Trading AG has been admitted to exchange trading for Greek Financial Power Futures.

Thomson Reuters And ICD Launch The Islamic Finance Development Indicator

Date 03/12/2015

• Malaysia, Bahrain and UAE leads Islamic Finance in terms of development
• Islamic Finance Assets grew by 9.4 percent to $1.814 trillion in 2014
• 378 institutions are providing Islamic finance education globally
• 953 Shariah scholars are service the industry through board participation

EGX Signed The United Nations' Initiative To Work For The Climate And Forms EGX Sustainability Advisory Committee

Date 03/12/2015

As per the Egyptian Exchange (EGX) efforts to support sustainable development, enhancing transparency frameworks and to be compatible with international standards, EGX signed yesterday on the "United Nations (U.N.)’ initiative to work for the climate" that comes in the framework of the U.N. Convention on Climate Change, by adhering to the "investors’ database to work for the climate".

Thomson Reuters: Sukuk Demand Remains High Despite Slow Down Due To Market Uncertainty - Report

Date 03/12/2015

• Sukuk issued up to Q3, 2015 dropped by 38.6% to stand at $48.8 billion
• 13 jurisdictions issued 513 sukuk in Q3, 2015 in 12 different currencies
• Total global outstanding sukuk stands at $295 billion
• Lead arrangers and investors are confidence despite a slow year: most expect a boost in sukuk issuance in 2016, to be between $100 - $124.9 billion
• The gap between supply and demand is forecasted to reach $250 billion by 2020

UK Receives ‘C’ Grade For Overall Cybersecurity Readiness In New Research By Tenable Network Security - UK Information Security Professionals Identify Mobile Devices And Cloud As Common Areas Of Weakness Across Seven Key Industry Verticals

Date 03/12/2015

Tenable Network Security®, Inc., the leader in continuous network monitoring™, today disclosed that the UK received a ‘C’ overall grade for its 2016 Global Cybersecurity Assurance Report Card. Information security practitioners from the UK were asked about confidence in their respective organizations’ abilities to assess risk, invest in appropriate tools and successfully respond to cyber threats, scoring 73% overall—an underachieving “C.”

European Commission: Speech By Commmissioner Jonathan Hill At The Euromoney Capital Markets Union Forum - Building A Capital Markets Union

Date 03/12/2015

Ladies and Gentlemen,

I am very pleased to be here and to have this chance to bring you up to date with the latest state of play on our work to build a single market for capital, a Capital Markets Union.

A number of you here have been great supporters of the CMU project from the start and have indeed helped me to develop it.  So I am glad at the end of the first year to be able to look back on how far we have come, and also to look forward to the new year and our priorities for 2016.

James Palmer Appointed Chair Of TheCityUK’s Legal Services Group

Date 03/12/2015

TheCityUK has appointed James Palmer, Chair and Senior Partner of international law firm Herbert Smith Freehills, as the Chairman of its Legal Services Group. The Group comprises senior practitioners from across the UK-based legal services sector and focuses on maintaining and enhancing its long-term international competitiveness. It also provides legal perspectives on strategic issues across the range of TheCityUK’s work.

UK's Financial Conduct Authority To Require Insurance Firms To Publish Details Of Last Year’s Premium

Date 03/12/2015

The Financial Conduct Authority (FCA) has today published proposals to require general insurance providers to publish details of last year’s premium on renewal notices.