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Key Facts About The UK As An International Financial Centre 2023

Date 18/01/2024

Today TheCityUK launched its annual ‘Key facts about the UK as an international financial centre ’ report, which shows that the UK is the second-largest exporter of financial services globally, with exports totalling £94.9bn.

LSEG Establishes Technology Centre Of Excellence In Hyderabad

Date 18/01/2024

• Plans to hire over 1000 engineers and professionals by the end of 2025
• Hyderabad chosen for its alignment with LSEG’s ambitions in talent, innovation, infrastructure, and financial services

ACER Consults On Amending The Electricity Price Coupling Algorithm Methodology

Date 18/01/2024

Climate Bonds Initiative Advocates For Strengthened EU Regulation On Deforestation-Free Products - New Report Highlights Crucial Role Of Policymakers And Financial Institutions In Combating Commodity-Driven Deforestation

Date 18/01/2024

The Climate Bonds Initiative is proud to announce the release of its second pivotal report, "EU Regulation on Deforestation-Free Products II: A Potential Game Changer for Commodity Driven Deforestation”. This is the second report on the European Union's Deforestation Regulation (EUDR), the first report provided comprehensive guidance and recommendations for corporates and financial institutions, this latest analysis underlines the critical role of policymakers in transforming the agri-food sector, combating global deforestation, and propelling towards net-zero goals.

Eurex To Introduce Derivatives On Socially Responsible Investing Indices

Date 18/01/2024

• Eurex broadens its offering of derivatives on ESG indices with futures on Socially Responsible Investing (SRI) indices.
• Offering aims to serve new user groups with stricter ESG mandates.
• Futures on the following indices to be launched: STOXX Europe 600 SRI, MSCI SRI Europe, MSCI SRI USA, MSCI SRI World, and MSCI SRI EM.

BNY Mellon And ING Agree To Join CLSNet Community - Amidst Record Growth In Adoption, BNY Mellon And ING Agree To Join Netting Calculation Platform

Date 18/01/2024

CLS, a financial market infrastructure delivering settlement, processing, and data solutions, today announced that BNY Mellon, the world’s largest custodian bank and ING, the largest Dutch bank, have agreed to join CLS’s bilateral payment netting calculation service for over 120 currencies, CLSNet. They are the latest participants to agree to join the growing CLSNet community, which includes eight of the top 10 global banks.

UK Venture Funding Value Down By 39.4% To $14.2 Billion In 2023, Finds GlobalData

Date 18/01/2024

• Total VC funding value for 2023 stood at $14.2 billion
• Takes nine months to touch $10 billion versus only four months in 2022
• Continues to enjoy dominance in Europe

Qatar Stock Exchange Welcomes Active Asset Management Initiative Between Qatar Investment Authority And Ashmore Group

Date 18/01/2024

Qatar Stock Exchange (QSE) welcomes the partnership announced between Qatar Investment Authority and Ashmore Group plc (Ashmore) launching an Active Asset Management Initiative in collaboration with local and regional asset manager. This strategic initiative, which aligns with QIA’s goals and aspirations, will play a significant role in supporting the development of the local financial markets.

Substantive Research White Paper Reveals State Of Market Data Pricing Ahead Of FCA Wholesale Data Markets Study - Aggressive Pricing Leads To ‘Endless Cycles’ For Market Data Consumers As They Never ‘Catch Up’ With Vendor Increases

Date 18/01/2024

• Major vendors hike prices by up to 50% for the same use cases due to ‘changes in pricing structure’.
• At the same time, 65% of surveyed firms are being told they are on deep discounts and are being compelled to pay more to be in line with peers.
• ‘Removal of discounts’ is cited as a significant justification for price increases, representing  67% of price rises in ratings; 36% of price rises in data terminals; 41% of price rises in indexes; 20% of price rises in data feeds. 

SGX-ST Listings Disciplinary Committee Reprimands Tee International Limited And former Group CEO And Managing Director Phua Boon Kin Eric

Date 18/01/2024

1. The SGX-ST Listings Disciplinary Committee (“LDC”) reprimands Tee International Limited (the “Company” and together with its subsidiaries, the “Group”) and its former Group CEO and Managing Director Phua Boon Kin Eric (“Phua”) for breaching the following Mainboard Rules: