News Centre

FSB Asia Group Discusses Vulnerabilities Arising From Non-Bank Financial Intermediation And Crypto-Assets

Date 17/05/2023

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met today in Cebu, Philippines. Discussions centred around recent financial market developments and their impact on the region, the role of non-bank financial intermediation (NBFI) in Asia and the  development of an effective global regulatory framework for crypto-assets.

Stéphane Boujnah Reappointed As CEO And Chairman Of The Managing Board Of Euronext

Date 17/05/2023

Euronext today announced that the Annual General Meeting (“AGM”) has approved the reappointment of Stéphane Boujnah as member of the Managing Board. Stéphane Boujnah was also reappointed as CEO and Chairman of Euronext’s Managing Board for a four-year mandate.

CryptoUK Strongly Rejects Treasury Committee’s Crypto “Gambling” Claim

Date 17/05/2023

Responding to the Treasury Committee’s Regulating Crypto report’s  conclusion which equates the crypto industry with the gambling industry, Ian Taylor, Board Advisor at CryptoUK, said: “CryptoUK strongly disagrees with the Treasury Committee’s conclusion, and we are both concerned and disappointed by these claims which are unhelpful, false, fundamentally flawed and unsubstantiated. The statement fails to reflect the true nature, purpose and potential of the crypto industry.”

ETFGI Reports The ETF Industry In The United States Gathered Net Inflows Of US$29.14 Billion In April 2023

Date 17/05/2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that ETFs industry in the United States gathered net inflows of US$29.14 billion during April, bringing year-to-date net inflows to US$110.30 billion. During the month, assets invested in ETFs industry in the United States increased by 1.1%, from US$6.90 trillion at the end of March to US$6.98 trillion in April 2023, according to ETFGI's April 2023 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Cryptocurrency Hedge Fund ARK36 Launches Algorithmic Machine Learning Trading Software

Date 17/05/2023

ARK36, the Cyprus-based leading alternative investment digital asset fund, has announced today the launch of a unique, proprietary machine learning-based trading software system, to improve the way its portfolio management team can navigate the dynamic world of cryptocurrency trading. The new software will leverage advanced algorithms to enable ARK36’s traders to make more informed decisions, navigate market challenges and optimise their trading strategies with precision and confidence. The software will access updated cryptocurrency price information every second and through the recent many months of intensive development work,  back-tests and live-tests  will predict price movements of specific crypto assets and complete either short or long-positions or not trade dependent on the market developments. It can make investment decisions within 1 minute for complex investments or 1 second for simple tasks.

Reglex: What's Next For AI Regulation In The UK?

Date 17/05/2023

On 29 March 2023, the UK Government published a white paper detailing it’s ‘pro-innovation approach to AI regulation’ (the ‘White Paper’).

Cyprus Stock Exchange Bulletin For April 2023-

Date 17/05/2023

The total value of transactions during the month in review reached € 4,70 million, with an average of € 0,31 million per trading session.

TheCityUK: Global Carbon Pricing Mechanisms And Their Interaction With Carbon Markets

Date 17/05/2023

Today TheCityUK launched its new economic research report: ‘ Global carbon pricing mechanisms and their interaction with carbon markets’, in partnership with ICE. 

London Stock Exchange Group PLC Transaction In Own Shares

Date 17/05/2023

London Stock Exchange Group plc (LSEG) announces that it has purchased the following number of its voting ordinary shares of 6^79/86 pence each on the London Stock Exchange through its corporate stockbroker Citigroup Global Markets Limited (Citi) as part of the third tranche of its share buyback programme, as announced on 20 March 2023:

UK House Of Commons Treasury Select Committee Report: Regulating Crypto – Report Summary

Date 17/05/2023

Summary

So-called “cryptoassets” span a wide and rapidly evolving range of digital instruments, although the market continues to be dominated by unbacked “cryptocurrencies” such as Bitcoin and Ether that we do not consider to have any intrinsic value. Given their potential impact on the financial services landscape, we have been paying close attention to cryptoassets for many years. Our predecessor Committee published a Report in 2018 that called for greater regulation to protect consumers from an industry it described as a “wild west”. Nothing we have heard in our current inquiry has changed that impression.