News Centre

EDHEC: Solvency II Prudential Regulation - An Impediment To The Return Of Insurers To The Property Market

Date 10/04/2017

• The 25% capital charge for property investments, required by EIOPA using the British property market as a reference, is overestimated. We show that the capital charge is only 9% when using a Euro zone index and 14% when using a French index.
• Diversification gains between property and financial assets appear to be systematically underestimated by EIOPA. The analysis shows that the correlation between real estate and equities is close to zero and that correlation with spreads is negative.
• The European insurance sector currently has €10 trillion worth of outstanding investments, of which €0.4 trillion are invested in real estate assets. According to many insurance companies, the excessive calibration of Solvency II could prevent their return to the property market.

SGX Launches Developed Asia Ex Japan Quality Index, Its First Smart Beta Index

Date 10/04/2017

Singapore Exchange (SGX) today announced the launch of the SGX Developed Asia ex Japan Quality Index, the first smart beta index by SGX Index Edge, which moves beyond traditional capitalisation-weighted indices to support investors seeking quality factor exposure in the region.

The First Step Of Its Kind Amongst Regional Exchanges: Dubai Financial Market Receives “ISO 9001:2015” Quality Certificate - New Certificate Emphasizes On Increasing Efficiency Of Procedures, Limiting Risks, Ensuring Continuity Of Services And Products Provision, And Further Enhancing Customer Satisfaction

Date 10/04/2017

Dubai Financial Market (DFM) today announced that it has received the “ISO 9001:2015” Quality Certificate from Lloyds Register Quality Assurance (LRQA). As the first step of its kind amongst regional exchanges, this step clearly indicates DFM’s commitment to implement highest levels of service quality as well as continuously develop its services and methods of service provision to various participants in line with international best practices.

Hong Kong's Securities And Futures Commission Market Misconduct Tribunal Finds No Market Misconduct In CITIC’s Publication Of A Circular

Date 10/04/2017

The Market Misconduct Tribunal (MMT) has handed down its decision that in the publication of a circular on 12 September 2008, CITIC Limited (CITIC) and five of its former executive directors had not disclosed false or misleading information that was likely to maintain, increase, reduce or stabilize the price of CITIC shares and so had not engaged in market misconduct. 

Abu Dhabi Securities Exchange: Blockchain Is Part Of Our Goals To Strengthen The Culture Of Innovation – Al Blooshi

Date 10/04/2017

Abu Dhabi Securities Exchange (ADX) Chief Executive, Rashed Al Blooshi, said that deploying the ‘Blockchain’ technology is part of the innovation culture adopted by ADX on a regional scale, in compliance with Abu Dhabi Economic Vision 2030.

Tokyo Commodity Exchange: Good Delivery Material Price Differential For April 2017 Rubber Contract

Date 10/04/2017

The price differential of the Good Delivery material for the April 2017 contract month in the Rubber market has be determined as follows,

Pursuant to the provisions of Article 2.2 of the Rubber Delivery Detailed Rules, the price differential between the Good Delivery materials RSS No.3 and the non-standard grade RSS No.4 for the April 2017 contract month shall be -3.0 yen/kg.

The NGM Stock Exchange Observes A Moment Of Silence On April 10, 2017

Date 10/04/2017

On Monday April 10 2017, the NGM Stock Exchange will observe a moment of silence from 12:00 p.m. until 12:01 p.m. (CEST), in remembrance of those who lost their lives during the terrorist attack that took place in Stockholm on April 7, 2017. Trading will not be halted during this time, but NGM asks the trading participants to use their best judgment and sensitivity in regards to trading during the moment of silence.

Nasdaq Dubai To Launch ‘Market Site’, The Premier Hub For Capital Market Activities In The Region

Date 10/04/2017

• Venue in DIFC will be centre for thought leadership and television news reporting
• Market Site will strengthen communication between region’s financial ecosystem  and rest of the world

Abu Dhabi Global Market Revises Capital Requirements Of Managers Of Collective Investment Funds

Date 10/04/2017

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has revised the capital requirements applicable to managers of collective investment funds (CIF) with immediate effect on 10 April 2017.  The revisions are introduced to more keenly address the needs of the market participants, as well as to provide enhanced alignment with capital-adequacy standards practised in established jurisdictions including the EU and the UK.  

FCA And PRA Investigations Into Jes Staley And Barclays

Date 10/04/2017

Barclays PLC and Barclays Bank PLC (Barclays) announce that the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have commenced investigations into:

• Jes Staley, Group Chief Executive Officer of Barclays, as to his individual conduct and senior manager responsibilities relating to Barclays whistleblowing programme and an attempt by Mr Staley in 2016 to identify the author of a letter that was treated by Barclays Bank PLC as a whistleblow; and  
• Barclays Bank PLC, as to its responsibilities relating to the attempt by Mr Staley to identify the author of the letter, as well as Barclays systems and controls and culture relating to whistleblowing.