News Centre

India-UAE Start-Up Corridor To Enhance The Start-Up Ecosystem For The Two Countries

Date 25/05/2022

FICCI LEAD, a technology and business incubator of the Federation of Indian Chambers of Commerce & Industry (FICCI), andthe Dubai International Financial Centre (DIFC) have inked a landmark MOU to launch the “India-UAE Start-Up Corridor”. The objective of the initiative is to enhance and expand the start-up ecosystem between India and the UAE. It will also further the vision of the leadership of both countries under the recently signed Comprehensive Economic Partnership Agreement (CEPA).

A Regulatory Perspective On Expanding Market Access - ASIFMA China Capital Markets Conference - Mr Ashley Alder, Chief Executive Officer, Hong Kong Securities And Futures Commission

Date 25/05/2022

I want to thank ASIFMA for inviting me to provide a regulatory perspective to end today’s discussion.

Real Estate Company EPIC Suisse Goes Public On SIX Swiss Exchange

Date 25/05/2022

Today, EPIC Suisse AG ("EPIC") listed its shares on SIX Swiss Exchange. This adds another market leader in its field to the exchange and further increases its peer group of listed companies from the real estate sector. The opening price was CHF 68.00, resulting in a market capitalization of CHF 693 million.

Suade Has Appointed Two Industry Leaders – Harry Chopra As Chief Client Officer (CCO) And Fred Becker As Chief Operating Officer (COO) – As Part Of Its Fast-Moving Expansion Strategy

Date 25/05/2022

Suade, a globally recognised leader in risk and regulatory technology, announced that it has enhanced its Executive Management Team with the appointments of Harry Chopra as Chief Client Officer and Fred Becker as Chief Operating Officer, to drive performance and growth across its global operations.

MNI Indicators: MNI China Liquidity Index™ – Falls To 12.5 In May

Date 25/05/2022

Key Points – May Report

Liquidity conditions across China’s interbank markets eased in May, with a dip in credit demand as the economy slows boosting fund availability, the latest MNI Liquidity Condition Index shows.

Amid Layoff Stories, Indian Startups Raise $12.1bn Venture Capital During January-April 2022, Reveals GlobalData

Date 25/05/2022

Despite news about laying off employees to cut costs, Indian startups raised $12.1bn through 672 venture capital (VC) funding deals announced during January-April 2022, reveals GlobalData, a leading data and analytics company.

US Acting Comptroller Of The Currency Discusses Vulnerabilities, Volatility With Cryptocurrency

Date 24/05/2022

Acting Comptroller of the Currency Michael J. Hsu today discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in remarks at the DC Blockchain Summit 2022. In his remarks, the Acting Comptroller discussed the fragemented ecosystem of cryptocurrency, risk of contagion, and underdeveloped custody and ownership rights. He also emphasized the Office of the Comptroller of the Currency’s careful and cautious approach to cryptocurrency to ensure the safety and soundness of the federal banking system.

US Department Of Justice: Glencore Entered Guilty Pleas To Foreign Bribery And Market Manipulation Schemes - Swiss-Based Firm Agrees To Pay Over $1.1 Billion

Date 24/05/2022

Glencore International A.G. (Glencore) and Glencore Ltd., both part of a multi-national commodity trading and mining firm headquartered in Switzerland, each pleaded guilty today and agreed to pay over $1.1 billion to resolve the government’s investigations into violations of the Foreign Corrupt Practices Act (FCPA) and a commodity price manipulation scheme.

SIFMA Statement On Decision on SEC’s Market Data Infrastructure Rule

Date 24/05/2022

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the DC Circuit’s decision on the SEC’s market data infrastructure rule:

“SIFMA appreciates the DC Circuit’s decision today upholding the Securities and Exchange Commission’s Market Data Infrastructure Rule.  The Commission’s approval of the rule was challenged by certain publicly traded exchange groups.  The decision will allow the SEC to move forward with implementation of the Rule, which will effect long-needed updates to increase the content of equity market data provided to investors and introduce competition into the dissemination of that data.”

CFTC: The Division Of Clearing And Risk Announces Participants And Agenda For May 25 Staff Roundtable On Non-Intermediation

Date 24/05/2022

The Commodity Futures Trading Commission’s Division of Clearing and Risk today released the participant list and agenda for its upcoming staff roundtable on non-intermediation that will be held on May 25 at 9:30 a.m. EDT at the CFTC's headquarters in Washington, D.C. for participants only. In accordance with the agency’s implementation of COVID-19 related precautions, the general public will have access to the roundtable by webcast on the CFTC’s website or may also listen by telephone.