News Centre

Central Banks May Use Stablecoins As Route To CBDCs

Date 23/11/2022

Stablecoins could be backed by central banks as a short cut to a much talked about Central Bank Digital Currency, the Gillmore Centre Policy Forum heard at Warwick Business School.

Landesbank Baden-Württemberg: BaFin Imposes Administrative Fine

Date 23/11/2022

On 10 November 2022, BaFin imposed an administrative fine amounting to 498,000 euros on Landesbank Baden-Württemberg.

GPW Group Q3 2022 Results Under Pressure Of Difficult Market Environment

Date 23/11/2022

• GPW Group’s revenue at PLN 88.4 million in Q3 2022 (-2.4% YoY) and PLN 297.8 million in 9M 2022 (-0.8% YoY)
• EBITDA at PLN 29.1 million (-40.1% YoY) in Q3 2022 and PLN 126.6 million (-20.9% YoY) in 9M 2022
• Operating profit at PLN 20.5 million (-48.7% YoY) in Q3 2022 and PLN 98.7 million (-26.3% YoY) in 9M 2022
• Operating expenses at PLN 59.3 million (+20.1% YoY) in Q3 2022 and PLN 190.7 million (+14.7% YoY) in 9M 2022
• Net profit at PLN 31.1 million (-13.5% YoY) in Q3 2022 and PLN 107.3 million (-10.6% YoY) in 9M 2022

We Can't Let Crypto Burn: SteelEye

Date 23/11/2022

As the fallout from FTX’s collapse rages on, new questions are being posed within the longstanding debate about crypto regulation.

Decision By The Nasdaq Stockholm Disciplinary Committee Regarding Brighter AB

Date 23/11/2022

The Disciplinary Committee of Nasdaq Stockholm has found that Brighter AB (the “Company”) has breached the Nasdaq First North Growth Market Rulebook (the “Rulebook”) and therefore ordered the Company to pay a fine of eight annual fees, corresponding to an amount of approximately SEK 1,500,000.

REGnosys Comment On ISDA Launching Digital Regulatory Reporting

Date 23/11/2022

Commenting on ISDA’s announcement that is has launched the full open-source version of the Digital Regulatory Reporting (DRR) model for all market participants, Leo Labeis, CEO at REGnosys, said:

“ISDA's first production release of DRR is a landmark moment in regulatory reporting and the result of extensive cross-industry collaboration. Where previous collaborative ventures have run against the lack of effective tools, DRR equips the sector with the means to work together in open source. Firms can now invest in this new approach to create a strong foundation for not only the amended CFTC rules, but also all the upcoming G20 trade reporting rule rewrites. Having played a central role in enabling DRR to reach this landmark moment, we look forward to the next stage of its journey.”

BetaShares Launches ETF Tracking Solactive Australian Investment Grade Bond Select DH Index

Date 23/11/2022

In a slower economic environment with expectations of market volatility, investors might look for a quality portfolio that offers attractive income with reduced interest rate risk. Those may turn to investment grade corporate bonds, which are quality bonds that receive high rates from credit rating agencies. Within this framework, Solactive is pleased to announce that the Australian ETF provider BetaShares launched the BetaShares Interest Rate Hedged Australian Investment Grade Corporate Bond ETF, tracking the Solactive Australian Investment Grade Bond Select DH Index. The ETF was listed on the Australian stock exchange (ASX), with the ticker HCRD AU and ISIN AU0000247777.

Hong Kong Securities And Futures Commission: Court Orders Hong Kong Wan Kiu Investment Company Limited And Its Connected Entities To Compensate Clients

Date 23/11/2022

The Court of First Instance has ordered Hong Kong Wan Kiu Investment Company Limited (HKWK), its sole director and shareholder, Ms Connie Sham Khi Rose, and Sham & Partners Limited (SPL) to compensate clients of HKWK in legal proceedings brought by the Securities and Futures Commission (SFC) under section 213 of the Securities and Futures Ordinance (SFO).

Shanghai International Energy Exchange Has Released Its Circular On The Official Launch Of Level-2 Market Data Service

Date 23/11/2022

Shanghai International Energy Exchange has released its Circular on the Official Launch of Level-2 Market Data Service  as follows:

AIX CSD Announces Citibank Kazakhstan Has Become Its Participant For The Provision Of Custody Services

Date 23/11/2022

Astana International Exchange (AIX) is pleased to announce that Citibank Kazakhstan JSC has become a Participant of the Astana International Exchange Central Securities Depositories (AIX CSD), thereby allowing international institutional investors to hold their assets at the AIX CSD under the bank’s custody.