News Centre

UK Economic Secretary To The Treasury Speech - Delivered At The Innovate Finance Global Summit

Date 17/04/2023

Good morning, everyone.

Let me start by thanking Innovate Finance for inviting me and for organising such a fantastic conference.

As ever, you really are kicking off UK Fintech Week in style.

The Shape Of Things To Come: Innovation In Payments And Money − Speech By Sir Jon Cunliffe, Bank Of England Deputy Governor, Financial Stability, Given At Innovate Finance Global Summit, London

Date 17/04/2023

In his speech, Jon Cunliffe looks at four areas where the tokenisation of money is now being explored. The first is stablecoins used for payments, the second is the tokenisation of commercial bank deposits, the third is the next stage of the Bank of England’s work on issuing a Digital Pound and the last is the Bank’s work to ensure to ensure these new forms of money are robust and uniform.

Innovation, AI & The Future Of Financial Regulation - Speech By Jessica Rusu, UK Financial Conduct Authority Chief Data, Information And Intelligence Officer, At The Innovate Finance Global Summit

Date 17/04/2023

Highlights 

• our new Digital Sandbox will support innovative businesses and start-ups in developing new proofs of concept for products and services
• we’re making it easier for firms to engage with our Innovation Services by providing a single point of entry
• we’re continuing our successful TechSprint programme with a look at Financial Services Register data, and a global TechSprint looking at greenwashing will help us tackle a global challenge

BME Growth Welcomes Greening Group

Date 17/04/2023

• It becomes the first company to enter this market in 2023

DSB Launches Unique Product Identifier User Acceptance Test Service - Prospective UPI Users Encouraged To Maximise UAT Access With UPI Service Onboarding

Date 17/04/2023

The Derivatives Service Bureau (DSB), the global golden source of reference data for Over the Counter (OTC) derivatives, today announces the launch of its Unique Product Identifier (UPI) Service User Acceptance Test (UAT) environment and associated Client Onboarding Support Platform (COSP).

Continued Bullishness In Bitcoin, With US$104m Inflows Last Week- CoinShares: Fund Flows

Date 17/04/2023

• Digital asset investment products saw inflows totalling US$114m last week, which is seeing continued improving sentiment for the asset class. This 4-week run of inflows now total US$345m.
• Bitcoin has again been almost the sole focus for investors, with inflows of US$104m.
• Despite the successful launch of Ethereum’s yield features (Shapella), only US$0.3m of inflows were seen last week.

Ferrovial Shareholders Backed By BETTER FINANCE And WFI In Approving Merger And Domicile Shift Within The EU

Date 17/04/2023

On Thursday 13 April Ferrovial, the Spanish construction group, announced that its shareholders have approved a plan to relocate its holding company to the Netherlands through a reverse merger with its Dutch subsidiary Ferrovial International SE (FISE). The decision was made during Ferrovial's Annual General Meeting (AGM). This strategic move aims to facilitate future listings in the US market and ensure access to cheaper credit as Ferrovial seeks growth opportunities in international markets.

UAE Securities and Commodities Authority Starts Receiving License Applications From Companies Wishing To Provide Virtual Asset Services

Date 17/04/2023

The Securities and Commodities Authority (SCA) announced that it started receiving license applications from companies wishing to provide virtual asset services following the approval of its board, chaired by H.E. Mohammed Ali Al Shorafa, of the decision regulating virtual asset service providers.

Hong Kong Securities And Futures Commission Issues Restriction Notices To Three Brokers To Freeze Accounts Of Clients Involved In Suspected Corporate Misconduct

Date 17/04/2023

The Securities and Futures Commission (SFC) has issued restriction notices to Emperor Securities Limited (Emperor), CS Wealth Securities Limited (CS Wealth) and CMB International Securities Limited (CMB), prohibiting them from dealing with or processing certain assets held in their client accounts which are beneficially owned by three individuals who are suspected of committing misconduct and breaching their duties towards FingerTango Inc.

Dubai Financial Market: A Public Holiday To Celebrate Eid Al Fiter Holiday

Date 17/04/2023

On the occasion of Eid Al-Fitr, it has been decided that the official holiday in the market will start from Thursday 29 Ramadan, dated 20th April 2023 till the 3rd of Shawwal 1444 AH. Normal working hours will resume on the fourth of Shawwal 1444 AH.