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  • Digital Cross-Border Remittances To Reach $428 Billion In 2025, As Digital Solutions Prove Resilient During Pandemic - 45% Growth In Transaction Values Between 2021 And 2025

    Date 22/06/2021

    A new report from Juniper Research has found that digital cross-border remittances will grow from $295 billion in 2021 to $428 billion in 2025, with digital transactions returning to pre-pandemic values by 2022. It found that the digital remittance market has been largely resilient to the global pandemic; forecasting continued growth for digital remittance revenue over the next 5 years.

  • Shenzhen Stock Exchange Launches Its First Batch Of Infrastructure Public Offering REITs

    Date 22/06/2021

    On June 21, Shenzhen Stock Exchange (SZSE) launched its first batch of infrastructure public offering REITs. It is another achievement of the capital market in the reform and innovation and a milestone in the development of the capital market, filling in a gap of China in the main category financial product. To convene the launching ceremony in a smooth and orderly way, SZSE strictly followed the latest requirements on epidemic prevention and control to safeguard the site. At the ceremony, those who delivered speeches via video or on site included Vice Mayor of Beijing Yin Yong, Executive Vice Mayor of Guangzhou Chen Zhiying, Vice Mayor of Shenzhen Ai Xuefeng, Director of Dept. of Corporate Bond Supervision of China Securities Regulatory Commission (the CSRC) Chen Fei, Deputy Director-General of the Department of Fixed Asset Investment of National Development and Reform Commission (NDRC) Han Zhifeng, and Chairman of Supervisory Board of SZSE Yang Zhihua. Participants included guests and representatives from the NDRC, State-owned Assets Supervision and Administration Commission of the State Council, the CSRC and its regional offices, relevant government agencies of Beijing, Guangdong and Shenzhen, local financial regulators, market institutions and news media. They attended the ceremony via online channels or in person. The Chairman of SZSE Wang Jianjun, leaders, and heads of relevant departments were present at the ceremony personally to witness this landmark moment.

  • Monetary Authority Of Singapore Releases Results Of Third Mystery Shopping Exercise – Majority Of Recommended Products Met Customers’ Needs

    Date 22/06/2021

    The Monetary Authority of Singapore (MAS) today released the findings of its third mystery shopping exercise (MSE). Results from the MSE show that majority of product recommendations made by Financial Adviser (FA) representatives met the mystery shoppers’ investment and protection needs.

  • CalPERS Names Marlene Timberlake D'Adamo Chief Diversity, Equity, And Inclusion Officer

    Date 21/06/2021

    Chief Executive Officer (CEO) Marcie Frost today announced that CalPERS has named Marlene Timberlake D'Adamo as its first chief diversity, equity, and inclusion officer (CDEIO), effective immediately. Timberlake D’Adamo has been serving dual roles as chief compliance officer and interim chief diversity, equity, and inclusion officer since June of 2020.

  • US Department Of Justice: Former Deutsche Bank Commodities Trader Sentenced To Prison For Fraud Scheme

    Date 21/06/2021

    A former commodities trader was sentenced today in the Northern District of Illinois to 12 months and a day in prison for a scheme to commit wire fraud affecting a financial institution.

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