News Centre

SCA, The DFSA And The ADGM’s FSRA Reach Agreement On The Licensing And Promotion Of Investment Funds

Date 27/11/2018

The Securities and Commodities Authority (“SCA”), the Dubai Financial Services Authority (“DFSA”) of the Dubai International Financial Centre (“DIFC”) and the Financial Services Regulatory Authority (“FSRA”) of the Abu Dhabi Global Market (“ADGM”) announced today that they had reached agreement on facilitating the licensing of domestic funds by each authority for promotion across the UAE.

New Report Highlights Potential Of Islamic Finance For Long-Term Development Financing

Date 27/11/2018

The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has published the second edition of the Global Report on Islamic Finance, which highlights steps for unleashing the potential of Islamic finance to help harness the much-needed funds for long-term investment in development programs.

Cyber And Technology Resilience In UK Financial Services Speech At Bloomberg In London - Speech By Megan Butler, Executive Director Of Supervision - Investment, Wholesale And Specialists At The Financial Conduct Authority

Date 27/11/2018

Highlights:

• Firms have reported significantly more outages and cyber attacks over the last year
• Cyber security is not just a technology risk, it is a human risk
• According to our survey, nearly half of firms do not upgrade or retire old IT systems in time
• Only 56% of firms say they can measure the effectiveness of their information asset controls.

Mai-Listed Companies’ 9-Month Earnings Up 52 Pct To THB 4.4 Bln

Date 27/11/2018

• Nine-month net profits up 51.66 pct y-o-y to THB 4.41 bln
• Total sales during Jan-Sep rose 14 pct to THB 127 bln.   
• Almost all industry groups reported earnings growth.
• Services, Technology, Agro & Food Industry, and Resources among top performing industry groups

GPW Supports The Development Of Poland’s ETF Market

Date 27/11/2018

• GPW, AgioFunds TFI, Beta Securities Poland and Dom Maklerski BOŚ have signed a memorandum of understanding to promote and develop the market of Exchange Traded Funds (ETF) in Poland and to educate investors
• It is the first such initiatives of Israeli capital on the Polish financial market

CISI Partners With King Faisal University To Offer World-Class Financial Services Qualifications

Date 27/11/2018

• The CISI has partnered with King Faisal University, making it the first ‘CISI Partner University’ in Saudi Arabia, providing students, graduates and faculty access to CISI qualifications        
  
  
• The collaboration aims to boost knowledge among future financial services practitioners in the Kingdom through globally recognised qualifications     

Bank Of England: Transforming Our Payments Infrastructure - Speech Given By Victoria Cleland, Executive Director, Banking, Bank Of England, Payments And Financial Resilience - Payments International, London 27 November 2018

Date 27/11/2018

Payments are an essential part of our lives, and of the UK economy. Last year UK payment systems processed more than 26 billion transactions worth over £91 trillion, covering everything from small scale card payments and cash withdrawals to major corporate transactions.

DIFC: 20 Innovative Tech Solution Pilots Emerge From Second FinTech Hive Accelerator Programme

Date 27/11/2018

• Second cohort completes MEASA’s largest FinTech accelerator programme
• 23 start-ups from across 14 countries present concepts and solutions toover 350 investors and partners at second FinTech Hive Investor Day, and in the presence of His Excellency Essa Kazim, Governor of DIFC
• AED 10 million expansion of FinTech Hive workspace announced
• Report launched highlighting substantial growth of FinTech in Middle East and Africa

Integral Announces Strategic $15m Investment From Morgan Stanley

Date 27/11/2018

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, announced today that Morgan Stanley Expansion Capital has made a $15M investment in the company. This investment by Morgan Stanley enables Integral to continue its growth of its market leading FX technology platform across a broader set of banks, brokers, and asset managers.

Bank Of England: Minutes Of The Meeting Of The Court Of Directors Held On 21 September 2018

Date 27/11/2018

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.