The Dirham Overnight Index Average is the effective overnight reference rate for the Dirham. Published from 7 December 2021, this will co-exist with EIBOR and will form part of the Dirham Monetary Framework implementation plan
Sunrise Brokers has been fined £600,000 by the Financial Conduct Authority for deficient anti-money laundering systems and controls, the second cum-ex trading case to face the FCA this year
The International Securities Lending Association has partnered with the Fintech Open Source Foundation to promote the development of a digital future for financial markets
Proposals, targeted for early 2022, aim to protect financial stability in the short term as well as medium-term objectives to reduce “risky over-reliance” on a third country
The global OUTstanding LGBT+ Role Model Lists recognise LGBT+ business leaders and allies who are breaking down barriers and creating more inclusive workplaces
The consultation process, beginning in 2022, will guide decisions on whether to introduce a CBDC in the UK. If the project proceeds, the earliest date for the digital currency launch will be 2025-30
The MoU sets out a high-level framework formalising the cooperation between FMSB, BoE and FCA in relation to the delivery of FMSB’s primary objectives as recommended in the Fair and Effective Markets Review Final Report
DSM platform will enable digitisation of private market securities using distributed and centralised infrastructure. It will launch initially for pre-IPO securities, but will extend to a wider range of private securities according to user demand
The Sustainable Account solution offers clients flexibility, where they can retain access to their cash for day-to-day liquidity requirements as well as use surplus cash to support the United Nations Sustainable Development Goals
