News Centre

Bahrain Attracts US$72.7 Million Worth Of Investment In Financial Services

Date 31/10/2022

Bahrain's investment promotion agency, the Bahrain Economic Development Board (Bahrain EDB), announced its participation in the Singapore Fintech Festival (2-4 November) with the aim to support fintech and financial services companies tap into MENA market through Bahrain.

ESMA To Withdraw The Recognition Decisions Of Six Indian CCPs

Date 31/10/2022

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today announces that six central counterparties (CCPs) established in India will have their recognition decisions withdrawn in accordance with the European Market Infrastructure Regulation (EMIR).

HKEX: Report On Initial Public Offering Applications, Delisting And Suspensions (As At 31 October 2022)

Date 31/10/2022

This report is updated on the last trading day of each month.

Japan Financial Services Agency: The Financial Market Entry Office

Date 31/10/2022

In order to expand Japan’s role as an international financial center, the Japanese Government is committed to making its capital markets more attractive with strategic initiatives and to creating an environment that attracts foreign businesses and highly-skilled foreign professionals.

Broadridge Launches New End-To-End Solution For SFDR Reporting - Solution Helps Funds Streamline ESG Reporting And Meet SFDR Requirements

Date 31/10/2022

To better support European asset managers in meeting their compliance obligations for the upcoming Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions (NYSE:BR) today announced the launch of its new end-to-end managed service solution.

Qatar Stock Exchange Listed Companies Reported QR 39.41 Billion For The 3rd Quarter Of 2022

Date 31/10/2022

All of Qatar Stock Exchange listed companies have disclosed their financial statements results for the nine months period ended September 30, 2022, the results show a net profit of QR 39.41 Billion compared to QR 33.04 Billion for the same period last year, the mount shows increase with 19.29%.

Hong Kong Securities And Futures Commission: Pilot Green And Sustainable Finance Capacity Building Support Scheme Begins Accepting Eligible Programme Applications

Date 31/10/2022

The Green and Sustainable Finance Cross-Agency Steering Group announced today (October 31) that the Pilot Green and Sustainable Finance Capacity Building Support Scheme has begun accepting applications for registration as an eligible programme. 

First Abu Dhabi Bank And UBS Go-Live On CLSNet

Date 31/10/2022

CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that First Abu Dhabi Bank (FAB) and UBS have gone live on CLS’s bilateral payment netting calculation service for over 120 currencies – CLSNet. They will join the growing CLSNet community of global and regional banks, which includes seven of the top ten global banks.

CLSNet has seen a marked increase in adoption this year, with a 179% year-on-year increase in the average daily notional of net calculations in H1 2022. This announcement follows the news that Deutsche Bank, Mashreq and Standard Chartered have committed to using the platform. As the CLSNet community continues to grow, users of the service will increasingly benefit from the expanding roster of netting counterparties.

CLSNet standardizes and centralizes post-trade processes across the global currency spectrum – and in doing so reduces risk, enhances efficiency and improves liquidity for a growing network of FX market participants.

In going live on CLSNet, FAB and UBS will benefit from a centralized platform with matching and legal confirmation of over 120 currencies for FX products, including same-day trades and NDFs.

Lisa Danino-Lewis, Chief Growth Officer, CLS, commented, “We are delighted that FAB and UBS have gone live on CLSNet. The escalating interest in CLSNet is a testament to its centralized model. Through the expanding global network, market participants will be able to maximize the intraday liquidity, operational efficiency and risk mitigation benefits of the service.”

Anan Samaneh, SVP & Head of FXMM & Control Operations, FAB, said, “CLSNet offers standardization and automation through a centralized platform which will significantly enhance our post-trade process – thereby enhancing operational efficiency, risk mitigation and reduced funding requirements. Participating in CLSNet also supports FAB’s adherence to the best practice settlement risk principles of the FX Global Code.”

Steve Forrest, Global Head FX Operations, UBS, added, “CLSNet will enable us to address our wider post-trade processing needs and automate our bilateral netting activity with fellow participants. Further, as a centralized infrastructure, it not only delivers risk mitigation for participants but also facilitates front office benefits such as liquidity optimization and reduced funding requirements.”

Borsa Istanbul: Announcement Numbered 2022/12144 Regarding The Changes In The Exchange Fee Schedule And Market Making System Applicable To Warrant/Certificate Trading

Date 31/10/2022

Please click to download the announcement regarding the new exchange fee schedule and market making system applicable to warrant/certificate trading.

JPX: Calculation And Publication Of New Index "Kyodai-Kawakita/JPX Japan Index"

Date 31/10/2022

The JPX Market Innovation & Research, Inc. will calculate and publish a new index called "Kyodai-Kawakita/JPX Japan Index" for long-term investors. Details regarding the index have been determined as below.