News Centre

The Fourth Amongst DFM’s Series Of Shari’a-Compliance Standards: Dubai Financial Market Invites Experts To Advise On Its “Standard On Investment Funds”

Date 11/04/2018

• H.E. Essa Kazim: “The most comprehensive standard on Shari’a-compliant funds underlines DFM’s constant efforts to further strengthen Dubai's leading position as the capital of Islamic economy globally”
• Dr. Hussein Hamed Hassan: “The new standard explains Shari’a requirements as well as other procedural aspects of establishing and managing a Shari’a-compliant fund”

Deutsche Börse And Hessian Ministry Of Economics Bundle Sustainability Initiatives In The Financial Centre Of Frankfurt - New Sustainable Finance Cluster Will Bundle Activities Focusing On The Sustainability Of The Financial Sector

Date 11/04/2018

Accelerating Sustainable Finance Initiative and the Green Finance Cluster Frankfurt of the Ministry of Economic Affairs for Hesse announced their merger on Wednesday. In the future, all activities pursued by the two initiatives will continue as a joint effort under the name Sustainable Finance Cluster. The aim is to make greater efficient use of financial market expertise in the area of sustainable finance, based on broad dialogue and, most importantly, to develop and implement specific approaches to ensure the sustainability of national and international financial market structures in the future.

Fortytwo Data: Campaign Against Money Launderers Leads To 20% Drop In Fines

Date 11/04/2018

• Treasury report shows sharp dip in enforcement last year after record numbers across all professions in 2015/16
• UK now accounts for 40% of all laundered money “red flags” in Europe
• But accountancy sector sees expulsions remain 77% above level two years ago, and 150% rise in number of fines on last year

Fund Oversight Rises To The Top Of The Agenda For The Fund Management Community - Milestone Group Survey Uncovers Insights Into How Firms Are Planning For Brexit

Date 11/04/2018

Milestone Group, the pioneers of oversight technology for the fund management community, has released research into how the industry is addressing outsourcing and oversight, in the context of Brexit preparations.

Patchwork Financial Regulation A $780 Billion Drag On The Economy

Date 11/04/2018

Fragmentation in global financial regulation costs more than USD $780 billion annually, according to a survey released today by IFAC (International Federation of Accountants) and Business at OECD (BIAC).

AxiomSL Launches End To End Solution To Address Complex IFRS 17 Requirements

Date 11/04/2018

AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces the launch of its IFRS 17 solution, which offers an industrialised end to end process to efficiently address the highly intensive IFRS 17 requirements. AxiomSL’s IFRS 17 solution provides automation with strong data management, reconciliation, flexibility and traceability capabilities whilst reducing the Total Cost of Ownership (TCO) and operational risks as well as ensuring quick time to market.

MarketInvoice Partners With NatWest To Fund British Businesses

Date 11/04/2018

• MarketInvoice is the first invoice finance provider to join the Capital Connections panel
• Initiative is raising awareness of alternative sources of funding to UK businesses
• NatWest business and commercial customers to benefit from quick and easy access to invoice finance solutions when borrowing from the bank is not possible

Securities Commission Malaysia Issues Notice To Investors To File Claims For Restitution

Date 11/04/2018

The Securities Commission Malaysia (SC) today called upon members of the public who had invested in an illegal futures and equity trading scheme to file their claims for restitution.

Taiwan Futures Exchange April Newsletter

Date 11/04/2018

After setting a new record high of trading volume in 2017, TAIFEX continued its growth momentum in the first quarter of 2018. Total trading volume in the first quarter has reached 77,990,836 contracts, marking a 50% year-on-year growth, while the average daily trading volume has amounted to 1,344,773 contracts, a year-on-year growth of 48%.  

HKEX Comments On Stock Connect Daily Quota Expansion

Date 11/04/2018

Hong Kong Exchanges and Clearing Limited (HKEX) has issued a Business Update following the joint announcement from the China Securities Regulatory Commission and Hong Kong’s Securities and Futures Commission about the expansion of the existing daily quota under the Stock Connect.  From 1 May 2018, the Northbound daily quota will be increased from RMB13 billion for each of the Shanghai Connect and the Shenzhen Connect to RMB52 billion and the Southbound daily quota will be increased from RMB10.5 billion for each of the Shanghai Connect and the Shenzhen Connect to RMB42 billion.