News Centre

The EBA Publishes Final Draft Technical Standards Under The Markets In Crypto-Assets Regulation

Date 07/05/2024

The European Banking Authority (EBA) today published three sets of final draft regulatory technical standards (RTS) and one set of final draft implementing technical standards (ITS) relating to the authorisation as issuer of asset-referenced tokens (ARTs), to the information for the assessment of acquisition of qualifying holdings in issuers of ARTs and to the procedure for the approval of white papers for ARTs issued by credit institutions under the Markets in Crypto-assets Regulation (MiCAR). These technical standards are key to regulate access to the EU market by applicant issuers of ARTs and persons intending to exercise significant influence on these undertakings via the acquisition of qualifying holdings.

Monsters In The Deep? − Speech By Jonathan Hall, Bank Of England External Member Of The Financial Policy Committee, Given At University Of Exeter Business School

Date 07/05/2024

Significant recent advances in the capabilities of artificial intelligence (AI) raise the question of whether increasing use of AI models could have a negative impact on financial stability. In this speech, Jonathan will explore two ways in which firms using AI models could create potential risks to financial stability.

Martin Moloney Appointed Deputy Secretary General Of The Financial Stability Board

Date 07/05/2024

The Financial Stability Board (FSB) today announced the appointment of Martin Moloney as its new Deputy Secertary General, effective 1 September 2024. Martin Moloney will succeed Rupert Thorne, who will be retiring after 24 years of dedicated service to the organisation, including at the FSB’s predecessor, the Financial Stability Forum.

First Initial Access Document On BME Scaleup From RESYDENZA SOCIMI

Date 07/05/2024

• It is the third company to register an Initial Access Document (DIAM) for this market

Purdue University/CME Group Ag Economy Barometer: Farmer Sentiment Declines To Lowest Level Since June 2022 Amid Weakened Financial Outlook

Date 07/05/2024

April witnessed a steep decline in U.S. farmer sentiment, as indicated by the Purdue University/CME Group Ag Economy Barometer, which fell 15 points from March to a reading of 99. Both subindexes of the barometer also saw declines: The Current Condition Index dropped by 18 points to 83, while the Future Expectations Index fell by 14 points to 106. April marked the lowest farmer sentiment reading since June 2022 and the weakest current condition rating since May 2020. The sentiment decline was driven by worries regarding the current financial situation on farms and anticipated financial challenges in the coming year. The April Ag Economy Barometer survey was conducted from April 8-12, 2024.

ACER To Decide On Amending The Electricity Single Day-Ahead Coupling Products Methodology

Date 07/05/2024

On 26 April 2024, ACER received a proposal from all Nominated Electricity Market Operators (NEMOs) to amend the single day-ahead coupling products methodology.

ETFGI Reports At The End Of Q1 2024, The Assets Invested In The Global ETFs Industry Has Surged Ahead Of The Global Hedge Fund Industry By A Staggering US$8.40 Trillion

Date 07/05/2024

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports as of end of Q1 2024, the assets invested in the global ETFs industry have surged ahead of the global hedge fund industry by a staggering US$8.40 trillion. During Q1 2024 the global hedge fund industry gathered net inflows of $16.57 billion while the global ETFs industry gathered net inflows of $397.61 billion. (HFR is the source of hedge fund data. All dollar values in USD unless otherwise noted.) 

Kharon Data And Technology Selected By U.S. Department Of The Treasury - Treasury Officers Will Gain Access To Kharon's Platform For Sanctions-Related Risk Intelligence

Date 07/05/2024

Kharon announces the signing of a contract with the U.S. Department of the Treasury. Through this engagement, officials within the Treasury Department will gain access to Kharon's global risk analytics platform. Kharon's insights and analytic tools are used by leading financial institutions, companies, and governments to address global security threats, and to support risk management in connection with KYC, transaction screening, sanctions evasion, investigations, and trade controls.

Dubai FinTech Summit Concludes With Over 8,000 Visitors From 118 Countries

Date 07/05/2024

• The 3rd edition of the Dubai FinTech Summit to be held 7-8 May 2025, under the directives of His Highness Sheikh Maktoum.
• The 2nd edition of Dubai FinTech Summit attracted over 8,000 visitors from 118 countries around the world. 
• Over 50 Memorandum of Understandings (MoUs) were signed during the summit with global financial leaders.
• More than 20 Top investment management firms with investments in 12,000 companies participated in the Summit.
• Nik Storonsky, Founder and CEO of Revolut inked expansion plans in the MEASA region, marking a significant step towards fostering financial inclusion through cutting-edge technology.
• State Street Global Advisors’ President and Chief Executive Officer, Yie-Hsin Hung confirmed the reopening of its Dubai offices.
• Dyna.Ai, the Singapore headquartered firm launched operations across Asia, the Middle East, Africa, Europe, North America and Latin America, with offices planned in the UAE, Saudi Arabia, and Nigeria.

UK Financial Conduct Authority Bans And Fines James Lewis £120,300 For Putting Investors At Risk

Date 07/05/2024

The former CEO of Shard Capital Partners has been fined £120,300 and banned by the Financial Conduct Authority (FCA).