News Centre

ESMA: National Regulators Strengthen Their Supervision Of The Compliance Function

Date 13/07/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its follow-up report to the peer review on certain aspects of the compliance function under MiFID I. The report shows that, overall, the National Competent Authorities (NCAs) assessed improved their practices following the 2017 peer reviews findings and recommendations.

Borsa İstanbul’s Opening Bell Rang For Bien Yapı Ürünleri Sanayi Turizm ve Ticaret A.Ş.

Date 13/07/2023

In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated the following: 

“Distinguished guests, 

Today, I welcome you all to your home, to the Opening Bell Ceremony hosted by our Exchange as we celebrate the listing of Bien Yapı at our Exchange. 

FESE: Launch Of The European Small And Mid-Cap Awards 2023

Date 13/07/2023

The 11th edition of the European Small and Mid-Cap Awards will take place in Bilbao, Spain, as part of the European Commission’s annual SME Assembly (13th – 15th November 2023).

CCData Launches First Institutional Grade ESG Benchmark With CCRI

Date 13/07/2023

CCData is delighted to announce the launch of the industry's first institutional-grade ESG Benchmark and underlying data solutions.

DIFC Continues to Drive Action On Global Climate Change On Path To COP28, Announces Future Sustainability Forum In Dubai

Date 13/07/2023

• The inaugural Future Sustainability Forum marks the Year of Sustainability in the UAE and will be held in Dubai 4-5 October 2023 
•  Agenda supports COP28’s 4-pillar plan on fast-tracking the transition, fixing climate finance, focusing on adaptation to protect lives and livelihoods, and making COP28 fully inclusive, announced by COP28 President-designate and Minister of Industry and Advanced Technology today 13 July 2023
• The Forum brings together global decision and change makers in the finance industry, to explore ways for the sector to lead action on climate change, deliver a just transition to a sustainable economy, and accelerate efforts to achieve the longer-term goals of the Paris Agreement and UN SDGs 2030
•  The Future Sustainability Forum is part of DIFC’s sustainability programme in the run up to COP28, the largest finance-focused campaign for COP28, backed by international financial institutions and thought leaders in green and sustainable finance ​

UK Financial Conduct Authority Fines Bastion Capital London Limited £2.5m For Serious Financial Control Failings

Date 13/07/2023

The FCA has fined Bastion Capital London Limited (in liquidation) £2,452,700 for serious financial crime control failings in relation to cum-ex trading. They failed to manage the risk of being used to facilitate fraudulent trading and money laundering.

Travel And Tourism Sector Deal Activity Down By 38.8% YoY In H1 2023, Reveals GlobalData

Date 13/07/2023

A total of 365 deals (mergers & acquisitions, private equity, and venture financing deals) were announced in the travel and tourism sector globally during the first half (H1) of 2023, which was a decline of 38.8% compared to 596 deals announced during the same period in the previous year, reveals GlobalData, a leading data and analytics company.

FSB Outlines Next Steps On Climate Roadmap, Following The Finalisation Of The Global Sustainability Disclosure Standards

Date 13/07/2023

• The FSB welcomes the publication of the ISSB’s final standards, which will serve as a global framework for sustainability disclosures. Responsibility for monitoring progress on firms’ disclosures will transfer from the TCFD to the ISSB in 2024.
• More generally, work is continuing to focus on improving the availability, quality and cross-border comparability of climate data and to more fully develop conceptual frameworks and metrics for monitoring climate-related vulnerabilities.
• Climate-related risk is increasingly being embedded into risk management and prudential frameworks and capacity building remains an important focus. There is a growing interest in the role of transition plans of financial institutions and non-financial corporates as a source of information for financial authorities to assess micro- and macroprudential risks.

Global Payments Leader, Convera Chooses Temenos To Modernize Payments In The Cloud - Convera Opts For Temenos Scalable Platform To Fuel Global Expansion And Offer Fast And Secure Commercial Payments

Date 13/07/2023

Temenos (SIX: TEMN) today announced that Convera, the largest non-bank global B2B payments provider, has selected Temenos Payments Hub running in the Temenos Cloud to modernize its payments infrastructure.

commerzwelt.com: BaFin Investigates The Company FCU Investments LTD

Date 13/07/2023

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company FCU Investments LTD and the services it is offering. BaFin has information that the company is providing financial and investment services on its website commerzwelt.com without the required authorisation.