News Centre

ESMA Responds To The EU Commission Regarding Recent Developments In The Energy Derivatives Markets

Date 22/09/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted its response to the European Commission (Commission) regarding the current level of margins and of excessive volatility in energy derivatives markets.

Exchange Of Letters Between The Governor of The Bank Of England And The UK Chancellor On The Asset Purchase Facility - September 2022

Date 22/09/2022

Exchange of letters between the Governor and the Chancellor

BaFin Investigates Trading Global (Hoxton), LTD

Date 22/09/2022

Trading Global (Hoxton), LTD establishes unsolicited contact with German customers and offers them the prospect of recuperating money lost from earlier online investments. On its website, hoxglobal.com, the company also offers asset management services to prospective customers. In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Trading Global (Hoxton), LTD, has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin.

Cigrek Capital Launches EU Platform For Fund Managers With Digital Assets Strategies

Date 22/09/2022

• New EU regulated platform for digital asset managers
• Includes distribution into the institutional investment market
• Up to 10 cells available for different fund managers
• Launch of first strategies anticipated in Q4

FESE: Twelve Exciting Companies Make The Shortlist For The European Small And Mid-Cap Awards

Date 22/09/2022

The Federation of European Securities Exchanges (FESE), EuropeanIssuers, and the European Commission are delighted to announce the shortlist for the 10th annual European Small and Mid-Cap Awards.

Cigrek Capital Launches Dubai Investment Platform For Digital Assets Strategies

Date 22/09/2022

• New regulated hub for cryptocurrency and other digital investment strategies
• Includes distribution into the HNWI market in the UAE
• Launch of first strategies anticipated in Q4

Bank Of England: Asset Purchase Facility: Gilt Sales – Market Notice 22 September 2022

Date 22/09/2022

Market notice

At its meeting ending on 21 September 2022, the MPC voted to reduce the stock of purchased UK government bonds (gilts) held in the Asset Purchase Facility (APF), financed by the issuance of central bank reserves, by £80 billion over the next twelve months, to a total of £758 billion, in line with the strategy set out in the minutes of the August MPC meeting.

Removing Bankers’ Bonus Cap Is A Good Thing - SteelEye Response

Date 22/09/2022

Following news that the new UK Chancellor of the Exchequer, Kwasi Kwarteng, is considering removing the bankers’ bonus cap to boost the UK economy, Matt Smith, CEO at RegTech firm SteelEye, welcomes the change and argues that capping bonuses is not an efficient way of de-risking markets:

Bank Of England: Bank Rate Increased To 2.25% - September 2022 - Monetary Policy Summary And Minutes Of The Monetary Policy Committee Meeting

Date 22/09/2022

Monetary Policy Summary, September 2022

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 21 September 2022, the MPC voted to increase Bank Rate by 0.5 percentage points, to 2.25%. Five members voted to raise Bank Rate by 0.5 percentage points, three members preferred to increase Bank Rate by 0.75 percentage points, to 2.5%, and one member preferred to increase Bank Rate by 0.25 percentage points, to 2%. The Committee also voted unanimously to reduce the stock of purchased UK government bonds, financed by the issuance of central bank reserves, by £80 billion over the next twelve months, to a total of £758 billion, in line with the strategy set out in the minutes of the August MPC meeting.

Acuiti Launches Systematic Hedge Fund Expert Network

Date 22/09/2022

Acuiti today launches its Systematic Hedge Fund Expert Network, the latest in its series of derivatives-focused networks of senior market executives.