News Centre

Call Of Duty: How Putting Customers Front And Centre Will Help Industry Innovate - Speech By Sheldon Mills, UK Financial Conduct Authority Executive Director, Consumers And Competition, Delivered At The 'Countdown To Implementation Of The Consumer Duty' Event, Hosted By Deloitte LLP

Date 22/02/2023

Highlights

• Firms will innovate through the Consumer Duty, which puts customers at the heart of any planning for financial services and products.
• The FCA is thankful to the many firms that are continuing to make substantial efforts to embed the policy across their organisations.
• Focusing on the areas that will have the greatest impact on consumer outcomes should be every firm’s priority ahead of 31 July.

CryptoCompare Stablecoins Report - February 2023 - USDT Stablecoin Market Share Reaches Highest Level Since October 2021 Following BUSD Decline

Date 22/02/2023

We are delighted to announce the release of CryptoCompare’s latest Stablecoins & CBDCs Report. Stablecoins have grown to become a prominent subsector of the digital asset industry, growing significantly in size and interest over the last few years.

bibox-coin.com: BaFin Investigates Bibox-Coin

Date 22/02/2023

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) would like to make clear that Bibox-coin does not have authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin. The information provided on the company’s website, bibox-coin.com, gives reasonable grounds to suspect that Bibox-coin is conducting banking business and providing financial services in Germany without the required authorisation.

Proprietary Trading Firms See Opportunity In Interest Rates But Liquidity Concerns Grow - Acuiti

Date 22/02/2023

Proprietary trading firms see the most potential for profit in 2023 in interest rate derivatives, but liquidity is a growing challenge in the market, the latest Acuiti Proprietary Trading Management Insight Report has found.

BETTER FINANCE Joins Forces In Collective Redress For Individual Airbus Investors

Date 22/02/2023

BETTER FINANCE, The European Federation of Investors and Financial Services Users, joins forces with Stichting Investor Loss Compensation (SILC), assisting Airbus shareholders recover losses resulting from Airbus’ involvement in bribery practices and other wrongful conducts.

Hong Kong Securities And Futures Commission Welcomes Government budget measures

Date 22/02/2023

The Securities and Futures Commission (SFC) welcomes the measures proposed by the Financial Secretary, Mr Paul Chan, in the government’s 2023-2024 budget to further enhance Hong Kong’s status as an international financial centre.

TransFICC Launches eTrading Service For Interest Rates Swaps

Date 22/02/2023

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, today announced the launch of its new eTrading service, which combines a hosted desktop GUI with IRS venue and workflow integration, pricer API, server hosting and secure connectivity.

MNI Indicators: MNI China Liquidity Index™ – Falls To 35.7 In February

Date 22/02/2023

Key Points – February Report

Liquidity across China’s interbank market eased in February as the PBOC acted to keep conditions loose in the financial system, traders told MNI, and the economy showed the first signs of a rebound through the Chinese New Year holiday, the latest MNI Liquidity Conditions survey showed.

London Stock Exchange Group PLC Transaction In Own Shares

Date 22/02/2023

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 from Morgan Stanley & Co. International Plc (Morgan Stanley) as part of the second tranche of its share buyback programme, as announced on 7 October 2022:

HKEX’s Response To The Budget Announcement

Date 22/02/2023

Commenting on the HKSAR Government’s 2023-24 Budget Speech, HKEX Chairman, Laura M Cha, said: “We warmly welcome the HKSAR Government’s plans to further elevate Hong Kong’s position as a global financial centre of choice, as set out in the 2023-24 Budget announced today by the Financial Secretary. These will form an important foundation as we continue to promote the unique strengths of Hong Kong’s markets and our role as an East-West superconnector. We look forward to continuing to work closely with the Government and all our stakeholders to further enhance the resiliency and vibrancy of Hong Kong’s markets.”