News Centre

UK Financial Conduct Authority Issues Statement Of Objections To 3 Money Transfer Firms

Date 25/01/2023

In a statement of objections issued today, the Financial Conduct Authority (FCA) alleges that Dollar East (International Travel & Money Transfer) Ltd, Hafiz Bros Travel & Money Transfer Limited, and LCC Trans-Sending Limited (including its parent company Small World Financial Services Group Limited) trading as Small World, fixed prices charged to customers in Glasgow for transferring money from the UK to Pakistan. 

Financial Firms Scaled Investments In Next-Gen Tech In 2022, Signaling New Phase Of Digital Transformation - 57% Of Firms See Digital Transformation As Their Most Important Strategic Priority

Date 25/01/2023

A majority of financial services firms now view digital transformation as essential to their business and are already looking to the next wave of technology to help get ahead, according to a new report by Broadridge Financial Solutions, Inc. (NYSE:BR). In the 2023 Digital Transformation and Next-Gen Tech study of 500 C-suite executives and their direct reports across the buy side and sell side globally, 71% said artificial intelligence (AI) is now significantly changing the way they work, and 60% agree that within ten years, blockchain and distributed ledger technology (DLT) will become the core of financial markets infrastructure.

Saxo UK Appoints James Donovan As Global Head Of Preferred Broker - Mr Donovan Will Be Driving Saxo’s Preferred Broker Campaign

Date 25/01/2023

Saxo, the leading fintech specialist focused on multi-asset trading and investment, today announces the appointment of James Donovan as Global Head of Preferred Broker of its subsidiary, Saxo UK Limited, effective immediately.

Liquidnet and BondAuction Look To Broaden Access To Book Building Efficiencies - The Two Firms Announce Their Collaboration To Connect Auction Style Primary Debt Transactions To Order Management Systems (OMS)

Date 25/01/2023

Liquidnet, a leading technology-driven agency execution specialist, together with BondAuction, an auction platform for the Primary Debt Capital Markets, today announced their partnership to provide their mutual clients access to BondAuction’s offering from their Order Management System (OMS).

Kneip Becomes Exclusive Provider Of Fund Data For Clearstream Fund Centre

Date 25/01/2023

Kneip, a leader in fund data management and reporting solutions for the asset management industry, has become the sole provider of fund data and documents for Clearstream Fund Centre.

UK Financial Conduct Authority Highlights Areas Of Focus For Firms Implementing The Consumer Duty

Date 25/01/2023

With six months to go before the Consumer Duty comes into force, the Financial Conduct Authority (FCA) has published a review of how firms are planning to implement the Duty.  

The First Edition Of The MENA IPO Summit- Dubai 2023 Announces Successful Conclusion And Notable Outcomes From The Global IPO Community

Date 25/01/2023

• Dubai’s only IPO-focused summit inaugurated by His Excellency Helal AlMarri Director General of Department of Economy and Tourism, Dubai
• The summit witnessed a total of 500 participants from IPO community, including approximately 80 regional & international speakers. 
• DFM plans to build upon the summit success through hosting it in the years ahead  

MNI Indicators: MNI China Liquidity Index™ – Tightens To 65.3 In January

Date 25/01/2023

Key Points – January Report

Liquidity across China’s interbank market tightened in January, due to increasing cash demands and bond issuance, as economic fundamentals proved resilient and the recovery gathered pace, the latest MNI Liquidity Conditions Index shows.

New Zealand Financial Markets Authority: Paul Gregory, Speaks At The Financial Services Council Outlook 2023 On January 25

Date 25/01/2023

Thanks Clare. I’d like to develop a little further what Sam said about how enforcement and regulatory responses in general fit in with being outcomes-focussed. As part of that, I’ll talk about what’s not changing and what will be different about our response and enforcement approach.

Universal Digital Payments Network (UDPN) Is Launched To Support Seamless Digital Payments Across Multiple Central Bank Digital Currencies And Regulated Stablecoins

Date 25/01/2023

Launched at Davos during the World Economic Forum week, the Universal Digital Payments Network (UDPN) is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies. At the Davos launch event, representatives from leading global financial institutions Deutsche Bank, HSBC, Standard Chartered, The Bank of East Asia, and Akbank discussed the rapidly evolving world of digital currency, the importance of interoperability, and the need for an infrastructure to support these developments.