News Centre

BIS - Investing Like Conglomerates: Is Diversification A Blessing Or Curse For China's Local Governments?

Date 18/01/2021

Summary

Focus

China's local government financing vehicles (LGFVs) are often viewed as platforms that are used to evade borrowing constraints and make inefficient investments. They are even accused of harbouring potential fiscal and financial risks. By contrast, anecdotal evidence suggests that some LGFVs contribute to local economic growth through successful investments.

UK Financial Conduct Authority Reminds Firms To Regularly Review Regulatory Permissions

Date 18/01/2021

We are reminding firms of their obligation to regularly review regulatory permissions to ensure they are up to date and removed where they are not needed. We expect firms to notify us of material changes and apply to make any necessary changes in a timely way. Please note that we have the power to cancel a firm’s Part 4A permission if it has not carried on a regulated activity for at least 12 months.

Stellantis Lists On Euronext Paris - Market Capitalisation Of €39.2bn

Date 18/01/2021

Euronext today welcomes Stellantis, one of the world leaders in the automobile industry, to Compartment A of Euronext’s regulated market in Paris (ticker code: STLA). The Stellantis shares will also begin trading today on Borsa Italiana in Milan and on 19 January on the New York Stock Exchange (NYSE).

New Appointments At Euronext

Date 18/01/2021

Euronext today announced that Delphine d’Amarzit has been appointed by the Supervisory Board of Euronext N.V. as CEO of Euronext Paris and member of the Managing Board of Euronext N.V., subject to regulatory and shareholder approvals, starting from 15 March 2021. Delphine d’Amarzit joins from Orange Bank where, as Deputy CEO, she was responsible for the oversight of the Operations, Credit, Finance, Risk and Compliance functions. Delphine d’Amarzit holds an extensive knowledge of European and French capital markets, notably having held senior positions within the French Treasury Department for several years with responsibilities for capital markets development, European financial regulation, and corporate financing. From 2007 to 2009, she was also in charge of financial and economic affairs at the office of the Prime Minister where she participated in the definition of the public response to the financial crisis, rescue package and recovery plans and coordinated the action on all matters related to economic reform and financial services.

Infinite Fleet Launches Security Token Offering (STO) On STOKR, Led by US$1M Investment From Tether International Limited - MMO Game Infinite Fleet Secures US$1 Million Investment From Tether International As Its Public STO Goes Live On STOKR

Date 18/01/2021

Exordium, the publisher of upcoming sci-fi massively multiplayer online (MMO) strategy game Infinite Fleet, today announced the launch of its public security token offering (STO) for select European countries that will grant every participant equity in the company and a share in future profits.

Iberclear Incorporates Settlement Of German And French Fixed Income Securities Cleared In LCH

Date 18/01/2021

Iberclear, the Spanish Central Securities Depository and a BME company, is incorporating from today the settlement of German and French government debt securities and certain bonds cleared in LCH SA, following the agreement signed with this clearing house.

TrackInsight Launches ESG Observatory In Wake Of Surging ESG ETF Demand

Date 18/01/2021

BBVA Expands Its Recently Established ‘Quantitative Investment Strategies’ Business With Paris Aligned And Climate Transition Indices By Solactive

Date 18/01/2021

Leading Spanish bank BBVA issued its ‘Quantitative Investment Strategies’ (QIS), a business focusing on the design, manufacturing, and distribution of investment strategies via self-created indices aimed at end investors. After BBVA established the QIS with its first index, the Solactive BBVA ixESG Global Leaders Index, the bank now announced the intensification of its partnership with Solactive by extending its sustainability-centered QIS offering through the release of a Solactive-owned Paris Aligned (PAB) and Climate Transition Benchmarks (CTB). The Solactive BBVA Climate Action PAB Europe Index and Solactive BBVA Climate Action CTB Europe Index enable conscious investors to invest in companies at the forefront of a green and sustainable global economy.

MKN SOP For Capital Market And Securities Commission Malaysia’s Guidance On Virtual Meetings For Listed Issuers

Date 18/01/2021

Majlis Keselamatan Negara (MKN) had issued and/or updated a series of standard operating procedures (SOPs), including the SOP for the capital market, to minimise the risk of spreading the Covid-19 virus for the duration of the Movement Control Order (MCO) that took effect on 13 January 2021. The SOP for capital market participants (CMPs) follows an announcement by the Securities Commission Malaysia (SC) on 13 January 2021 that capital market entities supervised, licensed or registered by the SC shall operate in accordance with the applicable SOP issued by the authorities during the Emergency Ordinance and various forms of MCO. 

UK Financial Conduct Authority Clamps Down On Consumer Investment Harm

Date 18/01/2021

In a report issued today the Financial Conduct Authority (FCA) highlights the many ways in which it works to protect consumers from investment harm by stopping and disrupting potentially harmful firms and activities. The report focuses on action taken by the FCA during the first ten months of 2020, when many consumers found their finances under pressure as a result of coronavirus lockdowns and restrictions.