News Centre

NGX, GRI And PRI, Collaborate To Boost Awareness On ESG Data Metrics For Sustainable Investing

Date 30/06/2022

Nigerian Exchange Limited (“NGX” or “the Exchange”), Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) organized a webinar tagged “Empowering Responsible Investing through Data Metrics and Environmental, Social and Governance (ESG) Integration”, on Wednesday, 29 June 2022.

BIS: Basel Committee Publishes Second Consultation Document On The Prudential Treatment Of Banks' Cryptoasset Exposures

Date 30/06/2022

• The Basel Committee's second public consultation on the prudential treatment of banks' cryptoasset exposures builds on the proposals in the first consultation issued in June 2021.
• Unbacked cryptoassets and stablecoins with ineffective stabilisation mechanisms continue to be subject to a conservative prudential treatment, with a new limit proposed on gross exposures.
• The Committee invites submissions on the proposals by 30 September and aims to finalise the standard around the year-end.

EBA Publishes Its Final Guidelines On The Remuneration And Gender Pay Gap Benchmarking Exercise Under The Capital Requirements Directive And The Investment Firms Directive

Date 30/06/2022

The European Banking Authority (EBA) today published its final Guidelines on the remuneration benchmarking exercise under the Capital Requirements Directive (CRD), which were originally published in 2012 and updated in 2014. The update was necessary to take into account additional requirements introduced by CRD V regarding the application of derogations and the benchmarking of the gender pay gap. The EBA also added guidance to harmonise the benchmarking of approvals granted by shareholders to use higher ratios than 100% between the variable and fixed remuneration. Separate Guidelines on the remuneration and gender pay gap benchmarking exercise are provided for investment firms under the Investment Firms Directive (IFD).

FSB Plenary Meets In Amsterdam

Date 30/06/2022

The Financial Stability Board (FSB) Plenary met today in hybrid format, with some members attending in person in Amsterdam and others attending virtually. The Plenary discussed the outlook for global financial stability against the backdrop of Russia’s continuing war against Ukraine, as well as the FSB’s planned contributions to the July G20 Finance Ministers and Central Bank Governors meeting in Indonesia.

London Stock Exchange Group: Result Of External Audit Tender

Date 30/06/2022

Following the conclusion of a formal tender process for its group audit, London Stock Exchange Group plc (“LSEG”) is pleased to announce that, subject to satisfactory contractual terms, Deloitte LLP will be selected to act as its new auditor.

Chargebacks911 Celebrates 3x Boost To Its Automated Dispute Response Platform With The Addition Of Data Driven AI Enablement - Artificial Intelligence (AI) Combined With Chargebacks911’s Unique Proprietary Consortium Data, Dramatically Enhances Digital Cognition And Data Recognition In Fight Against Fraud

Date 30/06/2022

Chargebacks911, the leading dispute technology specialist that powers chargeback remediation for the largest global eCommerce businesses, as well as the world's financial institutions, today celebrates a 3x boost to its automated dispute response platform. The addition of AI further propels Chargebacks911’s worldwide market advantage, as the leading dispute technology platform.

London Stock Exchange Group Data & Analytics Division: Leadership Transition

Date 30/06/2022

• Andrea Remyn Stone steps down from role as Group Head, Data & Analytics
• LSEG announces leadership transition, including search process for successor
• LSEG continues to perform in line with expectations and consistent with all of our financial guidance

The Bank Of England’s Final Policy On EMIR 2.2 Implementation And Consultation On Fees For Non-UK FMIs

Date 30/06/2022

The Bank of England has today published a Policy Statement and a Statement of Policy on its approach to ‘tiering’ non-UK central counterparties (‘incoming CCPs’) based on the level of risk they could pose to UK financial stability.

MNI Indicators: Chicago Business Barometer™ – Tumbled To 56.0 iI June

Date 30/06/2022

Key Points – June Report

The Chicago Business BarometerTM, produced with MNI, tumbled to the lowest since August 2020 in June, giving back last month’s recovery.

UK Financial Conduct Authority: Finding Opportunity In A World Of Uncertainty - Speech By Sarah Pritchard, Executive Director, Markets, At The CityUK Annual Conference.

Date 30/06/2022

Highlights

• Underpinning every action we take, are our three core aims: reducing and preventing serious harm, setting and testing higher standards and promoting competition and positive change.
• We have shown ourselves able to adapt and change, and are continuing that approach on key areas this year in primary and secondary markets, crypto, ESG and other digital innovation.
• A strong UK market, supporting UK growth, is more likely by ensuring the rules that underpin it are supportive, proportionate and robust.