News Centre

Eurex Clearing Supports Sustainable Transformation With New Innovative ESG Clearing Compass

Date 13/03/2023

• Eurex ESG Clearing Compass will include two services, the ESG Portfolio Assessment and the ESG Visibility Hub.
• Eurex Clearing is supporting sustainable transformation of clients by creating transparency regarding cleared portfolios and counterparties.
• Source of the data is ISS ESG, a globally leading provider of ESG data and analytics.

Saxo UK Teams Up With Moneyfarm To Launch Mutual Fund Portfolios For M&G Wealth &me Customers

Date 13/03/2023

• Saxo has been working closely with Moneyfarm since 2015
• Saxo adds mutual funds to its UK offering
• Saxo is a trusted partner that ensures timely delivery on client’s critical projects

Energy Market Price Discovery Platform Tallarium Secures $1.6m Investment From XTX Ventures And Reciprocal

Date 13/03/2023

• Investment will support ongoing product development for Tallarium’s energy market data and pricing platform
• Brings the total funding raised to $7m

DEWA Inaugurates Cyber Security Innovation Lab, Waee Cybersecurity Centre And Identity Intelligence Centre

Date 13/03/2023

Dubai Electricity and Water Authority (DEWA), in collaboration with Moro Hub (Data Hub Integrated Solutions LLC), a subsidiary of Digital DEWA, the digital arm of DEWA, has inaugurated its Cyber Security Innovation Lab, the Waee Cybersecurity Centre and Identity Intelligence Centre. This is part of its efforts to build a safe, solid and reliable digital environment and support innovation in cyberspace. This enhances the integrated protection for all stakeholders against cybersecurity risks and ensures secure access to DEWA’s cyberspace, especially with the acceleration of digital transformation at DEWA and its wide adoption of smart technologies. 

ADNOC Gas Successfully Lists On The ADX In Abu Dhabi’s Largest-Ever Market Debut And The Largest IPO Globally To Date This Year

Date 13/03/2023

• ADNOC Gas completes its listing on the ADX, raising gross proceeds of approximately $2.5 billion (equivalent to approximately AED 9.1 billion).
• Based on the final offer price of AED 2.37 per share, ADNOC Gas’ market capitalization at the time of Admission is approximately $50 billion (equivalent to approximately AED 182 billion), making it the largest-ever listing on the ADX and the largest IPO globally to date this year.

CBDC Transactions To Exceed $213 Billion By 2030 Globally, As New Payment Models Accelerate Financial Inclusion

Date 13/03/2023

The new study from Juniper Research, foremost experts analysing the fintech & payments market today, found the value of payments via CBDCs (Central Bank Digital Currencies) will reach $213 billion annually by 2030; up from just $100 million in 2023. This radical growth of over 260,000% reflects the early stage of the sector; currently limited to pilot projects.

UK Government And Bank Of England Facilitate Sale Of Silicon Valley Bank UK - Silicon Valley Bank (UK) Ltd Has Today Been Sold To HSBC

Date 13/03/2023

Silicon Valley Bank (UK) Ltd has today been sold to HSBC.  HSBC is headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally.  Customers of SVB UK will be able to access their deposits and banking services as normal from today.

UK Financial Conduct Authority Statement On Silicon Valley Bank

Date 13/03/2023

Following events at Silicon Valley Bank, the Financial Conduct Authority (FCA) has been working closely with the Bank of England, Prudential Regulation Authority (PRA), Financial Services Compensation Scheme (FSCS) and the UK Government.

Bank Of England Statement On Silicon Valley Bank

Date 13/03/2023

The Bank of England (Bank), in consultation with the Prudential Regulation Authority (PRA), HM Treasury (HMT) and the Financial Conduct Authority (FCA), has taken the decision to sell Silicon Valley Bank UK Limited (‘SVBUK’), the UK subsidiary of the US bank, to HSBC UK Bank Plc (HSBC). HSBC is authorised and supervised by the PRA and the FCA. This action has been taken to stabilise SVBUK, ensuring the continuity of banking services, minimising disruption to the UK technology sector and supporting confidence in the financial system.

HSBC Acquires Silicon Valley Bank UK Limited - Strategic Acquisition To Strengthen HSBC’s Banking Franchise In UK

Date 13/03/2023

HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1.