Category: Financial Services

HKEX
December 17, 2024 BY Sam Boughedda

HKEX's OTC Clear to Accept China Government Bonds and Policy Bank Bonds as Collateral for Swap Connect

The firm said the enhancement will let offshore investors use these bonds, which are held through Bond Connect, to meet initial margin requirements for Northbound Swap Connect. It is expected to improve capital efficiency and provide more flexibility to international investors. Furthermore, HKEX said that it will also enhance the liquidity of bond holdings in…

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December 16, 2024 BY Sam Boughedda

Nuvei Expands Global Partnership with Google

The leading Canadian fintech company said the expansion will bring Google Pay to merchants across Latin America (LATAM).  The deal builds upon the existing collaboration between the two companies in the United States, Europe, Asia Pacific, and Australia. Nuvei said the integration of Google Pay into its cashier solution adds a more streamlined checkout experience…

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Nomura
December 16, 2024 BY Sam Boughedda

Nomura Releases Statement Following Action by OSE and TSE

It was revealed that the OSE has imposed a 60 million yen fine on Nomura for Japanese government bond futures transactions conducted in March 2021.  Additionally, the exchange has suspended Nomura's proprietary trading of government bond futures and options from December 25 to 27, 2024. Meanwhile, the Tokyo Stock Exchange has issued a reprimand to…

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December 15, 2024 BY Sam Boughedda

ASIC Sues HSBC Australia for Failure to Protect Customers From Scams

ASIC argues the bank did not have adequate controls in place to prevent or detect unauthorised payments and failed to investigate scam reports within the specified timeframes required. HSBC customers are said to have lost approximately $23 million due to unauthorised transactions between January 2020 and August 2024, with $16 million occurring in just six…

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State Street Corp offices
December 13, 2024 BY Sam Boughedda

State Street Global Advisors Announces Saudi Bond ETF in Europe

The ETF provides European investors with access to Saudi Arabia’s burgeoning bond market. Listed on the Xetra and London Stock Exchange, the fund aims to track the newly developed J.P. Morgan Saudi Arabia Aggregate Index.  The index, created in collaboration with State Street Global Advisors, captures the performance of liquid USD- and SAR-denominated government and…

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HKEX
December 13, 2024 BY Sam Boughedda

Hong Kong Exchanges and Clearing Launches Fund Repository on IFP

Hong Kong Exchanges and Clearing Limited (HKEX) announced the launch of a Fund Repository on its Integrated Fund Platform (IFP), it revealed Friday, aiming to enhance transparency for over 2,000 Securities and Futures Commission (SFC)-authorised funds. Launched on 13 December 2024, the Fund Repository is said to provide streamlined access to essential fund information, supporting…

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Standard Chartered bank HQ
December 12, 2024 BY Sam Boughedda

Standard Chartered and Paxos Announce Partnership

Through the collaboration, the company explained that Standard Chartered will deliver a range of services, including cash management, trading, and custody, strengthening the infrastructure supporting USDG and USDL in Singapore and the UAE.  According to Paxos, both stablecoins are fully backed by US dollar reserves and operate under strict regulatory oversight. The company added that…

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December 11, 2024 BY Sam Boughedda

FxPro Announces Digital Banking Product BankPro

The financial services and trading firm explained in a press release that BankPro combines private banking services with advanced investment and trading capabilities, offering an all-in-one application tailored to individual and corporate financial needs. The company added that it has leveraged its 25 years of expertise and $120 million in Tier 1 company capital. BankPro…

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