Bursa Malaysia (“the Exchange”) today launched the Bursa Malaysia Quality 50 Index (BMQ) and the Bursa Malaysia Quality 50 Shariah Index (BMQ-S), the Exchange’s first in-house indexes that are based on financial performance.  Unlike headline benchmarks that mainly track companies based on market capitalisation, the BMQ and BMQ-S indexes profile listed companies that demonstrate comparatively stronger financial characteristics across profitability, capital structure and earnings quality. These factors are measured through Return on Equity, Debt-to-Equity, and Operating Cash Flow relative to Profit After Tax and Minority Interests.  Each index comprises 50 companies from the MAIN Market and ACE Market that are not part of the FTSE Bursa Malaysia KLCI (FBMKLCI), the market’s primary headline benchmark where a large share of market capitalisation and investor focus is concentrated.  Dato’ Fad’l Mohamed, Chief Executive Officer of Bursa Malaysia, said: “The launch of the Bursa Malaysia Quality 50 Index and the Bursa Malaysia Quality 50 Shariah Index marks a significant milestone in our index innovation journey. We are seeing financially resilient companies emerging across sectors, including technology companies which make up almost 18% of both BMQ and BMQ-S. These indexes provide reference points that reflect this broader growth landscape, ensuring that Malaysian companies with strong fundamentals are visible and accessible to investors, whilst also supporting broader participation in Malaysia’s equity market.” Both BMQ and BMQ-S use the same index construction framework, with BMQ-S comprising only securities recognised as Shariah-compliant by the Shariah Advisory Council of the Securities Commission Malaysia. To ensure the indexes reflect companies that are suitable for benchmarking and investment reference, selected companies must meet minimum requirements in terms of size and trading activity. The indexes will be reviewed twice a year to ensure they continue to reflect current market conditions and company performance. Index values and constituent information will be available on Bursa Malaysia’s website. For more information on the BMQ and BMQ-S indexes and their methodology, please visit https://www.bursamalaysia.com/trade/our_products_services/indices/bursamalaysia-quality-50-index.  

The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Professor Alan M. Taylor as the MAS Distinguished Term Professor in Economics and Finance from 12 to 16 January 2026. Professor Taylor will be hosted by the Department of Economics at the NUS Faculty of Arts and Social Sciences and the Economic Policy Group of MAS during the term of the Professorship.2 Professor Taylor is currently Professor of International and Public Affairs at Columbia University. He has been an external member of the Monetary Policy Committee at the Bank of England (BOE) since September 2024 and is a member of the Council on Foreign Relations Professor Taylor is also a research associate at the National Bureau of Economic Research (NBER) and the Center for Economic Policy Research (CEPR).3 Professor Taylor is widely recognised for his work on international trade, finance, macroeconomics and economic history. He has published in the leading economics journals including the American Economic Review, Econometrica and the Quarterly Journal of Economics. Professor Taylor was the Houblon-Norman/George Fellow at the BOE in 2009 to 2010 and awarded the John Simon Guggenheim Memorial Fellowship in 2004.4 Professor Lionel Wee, Dean of NUS Faculty of Arts and Social Sciences, said, “We are privileged to host Professor Alan Taylor as the MAS Distinguished Term Professor. He brings a distinctive breadth of experiences and insights drawn from academia, industry, and the policy realm. Professor Taylor’s work has fundamentally reshaped our views of economic history and macro-finance, precisely at a time when the world economy is going through multiple, significant upheavals.”5 Mr Edward Robinson, Deputy Managing Director (Economic Policy) and Chief Economist, MAS, said, “Professor Taylor is one of the pioneer researchers into the empirics of exchange rate behaviour, financial crises and capital flows in the context of the 'open economy trilemma', which says that a country cannot simultaneously maintain fixed exchange rates, free capital movement and independent monetary policy. His recent research with co-authors on the global natural interest rate has gained traction amongst central banks worldwide and comes at an opportune time as policymakers grapple with questions about the appropriate calibration for monetary policy in a post-pandemic environment. It is our great privilege to welcome him as the 24th MAS Term Professor.”6 Professor Taylor will deliver a public lecture at NUS on 14 January 2026 titled, "Driving over the peak — or a false summit?” Drawing on historical perspectives from the first age of globalisation in the 1800s to the present day, he will examine whether we have reached "peak trade" and explore the implications for monetary policy in an era of potential downswing in globalisation. In addition, Professor Taylor will engage in dialogue sessions with NUS faculty members to discuss his latest research findings.7 Professor Taylor will also give a talk at MAS and engage senior policymakers and economists on international economics and monetary policy issues.About the MAS Term Professorship in Economics and FinanceFirst established in 2009, the MAS Term Professorship in Economics and Finance is awarded to distinguished scholars, who are appointed as Visiting Professors at the Department of Economics at the NUS Faculty of Arts and Social Sciences, the NUS Business School, or the Lee Kuan Yew School of Public Policy. It aims to strengthen Singapore’s financial and economics research infrastructure and contribute to a vibrant research community and culture at local universities. Since its inception, the MAS Term Professorship in Economics and Finance has been awarded to 24 distinguished scholars over the last 15 years. *** About National University of Singapore (NUS)The National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise. We have 15 colleges, faculties and schools across three campuses in Singapore, with more than 40,000 students from 100 countries enriching our vibrant and diverse campus community. We have also established more than 20 NUS Overseas Colleges entrepreneurial hubs around the world.Our multidisciplinary and real-world approach to education, research and entrepreneurship enables us to work closely with industry, governments and academia to address crucial and complex issues relevant to Asia and the world. Researchers in our faculties, research centres of excellence, corporate labs and more than 30 university-level research institutes focus on themes that include energy; environmental and urban sustainability; treatment and prevention of diseases; active ageing; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.For more information on NUS, please visit nus.edu.sg  .

The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of the Dubai International Financial Centre (DIFC), has today brought into force its updated regulatory framework for Crypto Tokens in DIFC. The enhanced rules strengthen the DFSA’s regime, provide greater clarity for market participants, and support the development of a safe, transparent, and well-regulated digital assets environment. The introduction of the updated framework follows the DFSA’s consultation process in October 2025 and reflects the evolution of its approach since the launch of the Crypto Token regime in 2022. Over the past three years, the DFSA has actively monitored market developments and engaged closely with industry stakeholders and regulatory counterparts to ensure its rules remain robust, globally aligned, and supportive of innovation in DIFC. A key change under the updated regime is the shift from a DFSA-led suitability assessment to a firm-led assessment. Firms providing financial services involving Crypto Tokens are now directly responsible for determining – on a reasoned and documented basis – whether each Crypto Token they engage with meets the DFSA’s suitability criteria. As a result, the DFSA will no longer publish a list of Recognised Crypto Tokens. This reform is accompanied by enhanced safeguards for investors, refined conduct and operational requirements, and proportionate reporting obligations that better reflect the current state of the global digital assets market. Charlotte Robins, Managing Director, Policy & Legal of the DFSA, said: “The DFSA’s enhancements to the Crypto Token regime reflect our progressive stance on innovation and proactive response to market developments and feedback. These updated rules provide firms with greater clarity and flexibility, and ensure that our regulatory crypto token regime remains aligned with international best practice. As digital assets continue to evolve, our objective remains clear – to maintain a transparent, and predictable regulatory framework that safeguards market integrity and enables sustainable and responsible market development in DIFC.” For firms operating or seeking to operate in DIFC, the updated framework provides a clearer and more structured pathway for activities involving Crypto Tokens, including trading, fund and asset management, custody, advisory, and related financial services. DFSA Digital Assets Webinar To support market understanding of the updated framework and to provide a broader perspective on how the DFSA and DIFC support innovation in digital assets, the DFSA will host a webinar on 27 January 2026. The session will provide an overview of the DFSA’s regulatory approach to Crypto Tokens, the evolution of the regime, and how the DIFC’s ecosystem supports responsible innovation in this space. It will be relevant for existing and prospective market participants seeking to better understand the regulatory environment, the DIFC ecosystem, and the opportunities available for firms considering establishing or expanding digital asset activities in the DIFC rules. To attend the webinar, register your interest here. The new rules come into force today, 12 January 2026. For full details on the updated rules on the regulation of Crypto Tokens, please refer to: DFSA website DFSA’s notice of amendments to legislation DFSA’s Policy Statement on Fiat Crypto Tokens DFSA’s Supervisory Guidelines on assessing the suitability of Crypto Tokens

Thailand Futures Exchange PCL (TFEX) has appointed Triwit Wangvorawudhi as Managing Director effective from January 5, 2026, in accordance with the Board of Directors’ meeting. Triwit Wangvorawudhi brings extensive knowledge with over 20 years of experience, spanning financial markets, investment banking, capital market technology solutions, and a strong understanding of the capital market ecosystem. He will play a key role in driving TFEX's core strategies, including expanding the investor base, developing innovative products and services aligned with modern investment trends, and strengthening overall market liquidity and efficiency. Triwit has been with The Stock Exchange of Thailand (SET) since 2020. He currently serves as Executive Vice President – Market Division. Previously, he held key positions as Managing Director of Settrade.com Co., Ltd. and Digital Access Platform Co., Ltd., both of which are important technology infrastructures for the Thai capital market.

On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings. I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law. But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure. This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress's oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President. This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation. I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people. Thank you.

Nasdaq (Nasdaq: NDAQ) today announced that Walmart Inc. (Nasdaq: WMT), will become a component of the Nasdaq-100 Index® (NDX®), the Nasdaq-100 Equal Weighted™ Index (NDXE™), and the Nasdaq-100 Ex-Tech Sector™ Index (NDXX™) prior to market open on Tuesday, January 20, 2026 - the first trading day following the third Friday of the month. Walmart Inc. will replace AstraZeneca PLC (Nasdaq: AZN) in the Nasdaq-100 Index®, the Nasdaq-100 Equal Weighted Index, and the Nasdaq-100 Ex-Tech Sector Index. AstraZeneca PLC will also be removed from the Nasdaq-100 ESG™ Index (NDXESG™), Nasdaq-100 ex Top 30™​ (NDX70™), Nasdaq-100 ex Top 30​ UCITS™ (NDX70U™), Nasdaq-100 Sustainable ESG Select™​ (NDXSES™), Nasdaq-100 Low Volatility​™ (NDXLV™), and Nasdaq-100 Select Equal Weight™​ (NDXSE™) prior to market open on Tuesday, January 20, 2026. Please also note that the market will be closed on Monday, January 19, 2026, in observance of MLK, Jr. Day. The Nasdaq-100 Index is a globally recognized index that tracks the performance of 100 of the largest non-financial companies listed on the Nasdaq Stock Market® encompassing a diverse range of industries and sectors. From technology and retail to healthcare, telecommunications, biotechnology, and media, these companies collectively shape the new 21st century economy. To learn more about the Nasdaq-100 Index methodology, visit: https://indexes.nasdaq.com/docs/Methodology_NDX.pdf For more information about the company, go to https://stock.walmart.com/

The current reports for the week of January 06, 2026 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data. Additional information on Commitments of Traders (COT) | CFTC.gov Historical Viewable Historical Compressed COT Release Schedule CFTC Public Reporting Environment (PRE) PRE User Guide PRE Frequently Asked Questions (FAQs)

The first official exams are now available for the Canadian Investment Regulatory Organization’s (CIRO) new proficiency model for approved persons and potential candidates of investment dealers. “We are thrilled to see the new proficiency model launched and to see it used by candidates and the industry, in an efficient and cost-effective way,” said Elsa Renzella, Senior Vice-President, Member Compliance and Registration, CIRO. “The new model raises the proficiency bar while providing CIRO greater oversight, ensuring relevance and responsiveness as the industry changes.” In advance of the launch, CIRO published exam syllabi, guides for study and practice exams to help learners, the industry and education providers prepare for the transition. CIRO is committed to innovation, efficiency, and excellence in setting a new proficiency standard for the Canadian financial services industry. The new exams are designed and delivered in partnership with Fitch Learning. “Fitch Learning is proud to partner with CIRO in shaping the future of financial services education in Canada. This new proficiency model raises the bar for the industry and ensures professionals are equipped for an evolving marketplace and to future-proof their careers,” said Andreas Karaiskos, CEO, Fitch Learning. The new proficiency rules came into effect on January 1, 2026, and are applicable to Investment Dealers and their approved persons. With the launch of the new proficiency model, Fitch created three portals: harmonized enrollment and candidate portals, and a firm portal for CIRO dealer members which can be used to track and manage candidates and enroll bulk candidates. The portals are also being used for CIRO mandatory Conduct Training for existing approved persons. For more information on the New Proficiency Model and to find links to the portals, visit the Exam Hub. About Fitch Learning  Fitch Learning, part of Fitch Group, is a trusted global provider of financial education. Built on deep expertise in credit and strengthened by broad experience across financial services, we deliver impactful learning solutions through client-focused programs, courses and professional qualifications. Harnessing digital innovation and AI-driven learning tools, we empower organizations worldwide to build future-ready teams. Fitch Learning owns the Canadian Securities Institute, Certificate in Quantitative Finance Institute (CQFI), and the Global Institute of Credit Professionals, dedicated to supporting finance professionals throughout their career journeys. With centers in established financial hubs including Toronto, Montreal, New York, London, Riyadh, Abu Dhabi, Dubai, India, Singapore, Hong Kong and Sydney, Fitch Learning is committed to understanding complex client learning needs across fast-paced financial markets.

The Federal Reserve Board on Friday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2026. Each Reserve Bank has a nine-member board of directors, representing a wide range of business and community leaders across each regional district. By law, the Board of Governors in Washington appoints three of these directors to represent the public in the district and each year designates one of its appointees as chair and a second as deputy chair. Following are the names of the chairs and deputy chairs designated by the Board for 2026: BostonLizanne Kindler, executive chair and chief executive, KnitWell Group, Hingham, Massachusetts, named Chair. Tim Sweeney, president, chief executive officer, and chairman, Liberty Mutual Insurance, Boston, Massachusetts, named Deputy Chair. New YorkPat Wang, president and chief executive officer, Healthfirst, New York, New York, renamed Chair. Rajiv J. Shah, M.D., president, The Rockefeller Foundation, New York, New York, renamed Deputy Chair. PhiladelphiaWilliam Lo, chief executive officer, Crystal Steel Fabricators, Inc., Delmar, Delaware, named Chair. Kisha Hortman Hawthorne, senior vice president and chief operating officer, Care Network and Behavioral Health and Crisis Center at Children's Hospital of Philadelphia (CHOP), Philadelphia, Pennsylvania, named Deputy Chair. ClevelandRichard J. Kramer, former chairman, chief executive officer, and president, The Goodyear Tire & Rubber Co., Akron, Ohio, named Chair. Fred Hargett, executive vice president and chief financial officer, University of Pittsburgh Medical Center, Pittsburgh, Pennsylvania, named Deputy Chair. RichmondLisa M. Lawson, president and chief executive officer, The Annie E. Casey Foundation, Baltimore, Maryland renamed Chair. Halsey M. Cook, president and chief executive officer, Milliken & Company, Spartanburg, South Carolina, renamed Deputy Chair. AtlantaGregory A. Haile, chief executive officer, Upwardly Global and former president, Broward College, Fort Lauderdale, Florida, renamed Chair. James O. Etheredge, former chief executive officer, Accenture North America, Atlanta, Georgia, renamed Deputy Chair. ChicagoJennifer F. Scanlon, president and chief executive officer, UL Solutions Inc., Northbrook, Illinois, renamed Chair. Maurice Smith, chairman, president, and chief executive officer, Health Care Service Corporation, Chicago, Illinois, named Deputy Chair. St. LouisLal Karsanbhai, president and chief executive officer, Emerson Electric Co., St. Louis, Missouri, named Chair. Gregory A. Heckman, chief executive officer, Bunge Global SA, Chesterfield, Missouri, named Deputy Chair. MinneapolisPaul D. Williams, founder and principal consultant, Williams Community Supports and retired president and chief executive officer, Project for Pride in Living, Minneapolis, Minnesota named Chair. Jay Debertin, president and chief executive officer, CHS, Inc., Inver Grove Heights, Minnesota, named Deputy Chair. Kansas CityJandel Allen-Davis, M.D., president and chief executive officer, Craig Hospital, Englewood, Colorado named Chair. Paul Maass, chief executive officer, Scoular, Omaha, Nebraska, named Deputy Chair. DallasClaudia Aguirre, president and chief executive officer, BakerRipley, Houston, Texas, renamed Chair. Gary C. Kelly, chairman emeritus, Southwest Airlines, Dallas, Texas, renamed Deputy Chair. San FranciscoRussell A. Childs, chief executive officer and president, SkyWest, Inc., St. George, Utah, renamed Chair. Pallavi Mehta Wahi, chair of western U.S. strategic growth and Seattle office head, Arnold & Porter, Seattle, Washington, renamed Deputy Chair.

The Securities and Exchange Commission today announced it will hold its third and final outreach event to help firms comply with amendments to Regulation S-P. The event, which is focused on small firms, is open to in-person or virtual attendance, and is scheduled for January 22, 2026, from 11:00 am to 12:30 pm ET. At the event, SEC staff will cover the new Regulation S-P compliance obligations, discuss what to expect when interacting with an exam team during an examination, and answer any remaining compliance questions. It will also include a workshop where examination staff will engage in an Incident Response tabletop discussion, review a sample document request list, and demonstrate a mock examination session. “Strengthening protections for investors’ personal data is a benefit to both firms and investors,” said Keith Cassidy, Acting Director for the Division of Examinations. “We recognize implementation of these new requirements may create challenges associated with compliance, and the SEC’s Division of Examinations wants to help firms clearly understand these new requirements.” The event will take place at SEC Headquarters located at 100 F St. NE in Washington D.C. For in-person attendance, please register. For online attendance, advanced registration is preferred but not required. Questions may also be submitted in advance. A link to watch the event will be available on January 22 on www.sec.gov. Additional information about each Regulation S-P compliance outreach event, including the recordings of previous events, are available on the Reg Compliance S-P Outreach webpage.

I am grateful to the Danish Economic Society for the invitation to participate in this conference. In line with the overall theme of the event, I will speak today about the implications of a changing world for the euro-denominated monetary system. In our 2025 assessment exercise that reviewed the monetary policy strategy of the ECB, the Governing Council concluded that: “Ongoing structural shifts related to geopolitics, digitalisation, artificial intelligence, demography, the threat to environmental sustainability and changes in the international financial system suggest that the inflation environment will remain uncertain and potentially more volatile, with larger target deviations in both directions, posing challenges for the conduct of monetary policy. A more resilient financial architecture – supported by progress on the savings and investments union, the completion of banking union and the introduction of a digital euro – would also support the effectiveness of monetary policy in this evolving environment.” In addition to their implications for monetary policy, this set of structural factors will also re-shape labour markets, investment dynamics, productivity and the financial system. In what follows, I will focus my attention on how structural changes might affect the euro monetary system. Click here for full details.

At the Eurogroup meeting of 11 December 2025, the process for selecting a successor to the current ECB Vice President Luis de Guindos, whose mandate will expire at the end of May 2026, was launched. The call for candidates ended today. By the deadline, I have received 6 candidacies: Mário Centeno (Portugal), Mārtiņš Kazāks (Latvia), Madis Müller (Estonia), Olli Rehn (Finland), Rimantas Šadžius (Lithuania), Boris Vujčić (Croatia). At its next meeting on 19 January, the Eurogroup will discuss these candidacies. Following the Eurogroup discussion, the Council will adopt a recommendation to the European Council, acting by a reinforced qualified majority of the euro area member states. Such majority requires the support of 72% of euro area member states (i.e. at least 16 of the 21 euro area countries), representing at least 65% of the population of the euro area. In line with the selection process established in the Treaty on the Functioning of the EU, the ECB and the European Parliament will be consulted before a final decision is taken by the European Council.

The FCA has secured a confiscation order of £265,523.96 against Andrew Currie. Mr Currie was convicted in 2023 and sentenced to 2 years 6 months imprisonment for defrauding investors through the collapsed peer-to-peer lending platform Collateral (UK) Ltd. He diverted funds from Collateral investors and used them for personal gain, including the purchase of a property in Spain. At a hearing at Southwark Crown Court on 9 January 2026, Mr Currie was ordered to pay £265,523.96. This amount represents the total value of assets the court determined were still available to be recovered. The funds will be redistributed to the victims of his crimes. Steve Smart, executive director of enforcement and market oversight at the FCA, said: 'Mr Currie sought to profit by defrauding unwitting investors. Today’s decision is a clear warning to fraudsters and scam artists that we will pursue them and ensure they don’t benefit from their criminal activity.' If Mr Currie does not pay the confiscation order within 3 months, he faces a default prison sentence of up to 3 years. The confiscation proceedings form part of the FCA’s ongoing work to recover funds for victims of fraudulent investment schemes. Background Mr Andrew Currie (29/07/1965) is from Dumfries, but currently resides in Lancashire. On 14 July 2023, he was sentenced to 2 years 6 months imprisonment for fraud by abuse of position and 2 years 6 months for money laundering contrary to s.327 of the Proceeds of Crime Act 2002. Read the original sentencing press release: Andrew and Peter Currie sentenced to a combined 8 years for fleecing consumers through Collateral P2P platform. Confiscation orders are made under the Proceeds of Crime Act 2002 and require offenders to repay the benefit they gained from criminal conduct or the value of their available assets, whichever is lower. Defendants are required to pay back the amount they benefited, but this is always limited to their means. Payment of compensation to victims is a matter for the court and can only be paid after a defendant has made payment towards their confiscation / compensation order. The confiscation proceedings for Peter Currie were concluded in November 2024 and an order made in the sum of £5,000. Find out more information about the FCA.

Eurex Clearing continued its upward trend with average daily cleared volumes in 2025 up 35 percent year-on-year. Eurex Repo posted a 20 percent increase in term-adjusted volumes, reaching a new record year. Eurex, Europe's leading derivatives exchange, recorded a total of 2,065.9 million contracts in 2025, representing a decrease of 1 percent compared with the previous year. Interest rate derivatives grew by 8 percent, while equity derivatives declined by 1 percent and index derivatives by 11 percent for the full year. On a monthly basis, Eurex trading volumes rose by 4 percent to 172.7 million contracts in December, compared with 166.1 million in the same month of the previous year. This was driven by a continued strong turnover in interest rate derivatives with volumes rising 23 percent to 94.0 million contracts. Eurex Clearing, one of the world's leading central counterparties, once again recorded strong growth rates in its Eurex OTC Clearing business. The notional outstanding volume at the end of 2025 was EUR 43,668 billion, an increase of 31 percent compared to the previous year. For the full year 2025, average daily cleared volumes were EUR 280 billion, up 35 percent from 2024. On a monthly basis, it totaled EUR 187 billion in December, 16 percent higher than in the same month of the previous year, with interest rate swaps up 44 percent. Eurex Repo, Eurex's leading electronic market for secured funding and financing, saw a new record year with an average term-adjusted volume of EUR 406.1 billion for the full year of 2025, a rise of 20 percent on the previous year. Volumes for GC Pooling increased by 36 percent in 2025, while the volume in the Repo Market grew by 8 percent compared to the previous year. On a monthly basis, the average term-adjusted volume recorded a 45 percent increase in December year-over-year. Business overview – full year 2025 Year-to-date December2025 Year-to-date December2024 Change Financial derivatives: traded contracts Eurex Exchange Index derivatives (million) 699.7 784.6 -11% Interest rate derivatives (million) 1,045.6 972.2 +8% Equity derivatives (million) 309.0 312.6 -1% Total (million)1 2,065.9 2,080.5 -1% OTC Clearing² Notional outstanding volumes (billion EUR) 43,668 33,411 +31% of which interest rate swaps (billion EUR) 19,991 15,663 +28% of which overnight index swaps (billion EUR) 6,815 4,237 +61% Average daily cleared volumes (billion EUR) 280 208 +35% of which interest rate swaps (billion EUR) 44 25 +77% of which overnight index swaps (billion EUR) 41 21 +99% Compression volumes (billion EUR) 137 87 +57% Repo: Average daily term adjusted volume on Eurex Repo GC Pooling³ (billion EUR) 209.0 153.9 +36% Repo Market (billion EUR) 197.1 183.3 +8% Total (billion EUR) 406.1 337.2 +20%   Business overview – December 2025 December2025 December2024 Change Financial derivatives: traded contracts Eurex Exchange Index derivatives (million) 52.4 59.9 -12% Interest rate derivatives (million) 94.0 76.5 +23% Equity derivatives (million) 26.0 27.1 -4% Total (million)1 172.7 166.1 +4% OTC Clearing² Notional outstanding volumes (billion EUR) 43,668 33,411 +31% of which interest rate swaps (billion EUR) 19,991 15,663 +28% of which overnight index swaps (billion EUR) 6,815 4,237 +61% Average daily cleared volumes (billion EUR) 187 161 +16% of which interest rate swaps (billion EUR) 40 28 +44% of which overnight index swaps (billion EUR) 55 33 +70% Compression volumes (billion EUR) 257 244 +6% Repo: Average daily term adjusted volume on Eurex Repo GC Pooling³ (billion EUR) 196.2 133.2 +47% Repo Market (billion EUR) 215.1 150.6 +43% Total (billion EUR) 411.3 283.8 +45% 1 The total number of contracts traded includes other asset classes such as commodities.2 Notional cleared volumes including post trading events such as compression.3 Includes all currencies.

The Coordinating Body for Anti-Money Laundering and Countering Financing of Terrorism in cooperation with Finansinspektionen, the Financial Intelligence Unit of the Swedish Police, and the Swedish Security Service has developed a new brochure for providers of money transfer services on money laundering and terrorist financing. The aim is to raise providers of money transfer services' awareness about this type of crime, contribute to an increased understanding of the regulation, and highlight situations that could indicate that providers of money transfer services are being misused. Providers of money transfer services handle a large amount of cash and thus face a significant risk of being exposed to money laundering and terrorist financing.  The Coordinating Body for Anti-Money Laundering and Countering Financing of Terrorism is headed by the Swedish Police and consists of representatives from 16 authorities and the Swedish Bar Association. Information on Money laundering and terrorist financing for providers of money transfer services (The Swedish Police Authority)

A total turnover of 4.164 billion shares worth N94.026 billion in 248,254 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 7.821 billion shares valued at N134.471 billion that exchanged hands last week in 150,799 deals. Click here for full details.

The European Banking Authority (EBA) today released its Report on prudential consolidation and the final Guidelines on ancillary services undertakings (ASU) under the Capital Requirements Regulation (CRR). Both publications are designed to enhance the efficiency and proportionality of the prudential consolidation framework, promote a level playing field, foster convergence of supervisory practices among institutions and competent authorities, and improve comparability of prudential requirements across the EU. Report on prudential consolidation The Report on prudential consolidation puts forward targeted recommendations that may support the European Commission in considering further legislative adjustments to the EU regulatory framework. It also clarifies several areas where recent EBA investigations have identified implementation challenges across EU institutions. These recommendations and clarifications aim to enhance the efficiency and proportionality of the prudential consolidation framework, improve the clarity and internal consistency of key definitions and provisions, and ensure harmonised and consistent application of the consolidation framework across institutions. Key elements include: Simplification of sub-consolidation requirements, to reduce complexity for groups with multiple consolidation layers. Improved alignment with accounting standards, both in terms of undertakings included within the scope of consolidation and relevant methods to be applied. Refinement of the definition of control, to ensure consistent interpretation and convergence across jurisdictions. Further clarity on how to determine the perimeter of prudential consolidation, especially when an insurance undertaking within a bank-led financial conglomerate acquires a financial institution and the so-called ”Danish compromise“ (Article 49 of the CRR) is applied by the parent institution. Guidelines on ancillary services undertakings The Guidelines on ancillary services undertakings set out clear, simple and consistent criteria for identifying activities falling within the definition of ancillary services undertakings under Article 4(1)(18) of the CRR, namely: (a) activities considered a “direct extension of banking”, (b) activities “ancillary to banking”, and (c) “other similar activities”. The provided criteria are designed to help institutions and competent authorities identify undertakings performing relevant activities – such as operational leasing, ownership or management of property or data processing services - as ancillary services undertakings. This assessment is essential for determining the scope of prudential consolidation and the application of prudential requirements. The Guidelines also address innovative and digital business models, including fintech and technology-driven services, which may introduce new forms of ancillary risks within banking groups. Overall, the Guidelines aim to promote a level playing field, foster convergence of supervisory practices among institutions and competent authorities, and enhance comparability of prudential requirements across the EU. Legal basis and background The Report on prudential consolidation has been developed according to Article 18(10) of Regulation (EU) No 575/2013, which mandates the EBA to submit a Report to the European Commission on the completeness and appropriateness of the definitions and provisions of this Regulation. The Guidelines on ancillary services undertaking have been developed according to Article 4(5) of Regulation (EU) No 575/2013, which mandates the EBA to specify the criteria for the identification of activities referred to in paragraph 1, first subparagraph, point (18) of this Article. Documents Report on prudential consolidation (1.96 MB - PDF) Final Report on Guidelines on ancillary services undertakings (485.19 KB - PDF) Related content Regulatory activityFinal and awaiting translation into the EU official languages Guidelines on Ancillary Services Undertakings Topic Accounting and auditing

The European Banking Authority (EBA) today published its final Regulatory Technical Standards (RTS) specifying the booking arrangements that third-country branches must apply under the Capital Requirements Directive (CRD). The standards deliver clarity and harmonisation in the implementation of booking arrangements and the maintenance of a registry book, supporting consistent supervisory practices across the EU. ​The RTS establish requirements in three core areas: ​Bookkeeping methodology: the RTS define the approach for identifying and recording assets and liabilities booked or originated by the third-country branch, including off-balance sheet items. ​Minimum required content: the RTS specify the minimum information necessary to keep a comprehensive and precise track record of booked or originated assets and liabilities. ​Risk-related information: the RTS detail the risk data and associated risk management measures that must be maintained in the registry book for the activities of the branch. ​Legal basis and background ​Article 48h of Directive 2013/36/EU (Capital Requirements Directive - CRD), mandates the EBA to develop draft RTS to specify the booking arrangements that third-country branches are to apply and the methodology to identify and keep a track record of the assets and liabilities booked or originated in a Member State. ​Directive (EU) 2024/1619, amending Directive 2013/36/EU, introduces a new regime applicable to branches in the EU of third country credit institutions (third-country branches). This regime sets  a minimum harmonisation framework covering authorisation, prudential requirements – including booking arrangements, capital endowment, liquidity, internal governance, common reporting requirements - and supervisory practices.​  Documents Draft Regulatory Technical Standards on booking arrangements (458.89 KB - PDF) Related content Draft Regulatory Technical StandardsFinal draft RTS/ITS adopted by the EBA and submitted to the European Commission Regulatory Technical Standards specifying the booking arrangements that third-country branches Topic Market access

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today its principles for risk-based supervision. These principles support a common and effective EU-wide supervisory culture and strengthen the EU single market. The principles on risk-based supervision outline key concepts and foundational elements for use by ESMA and National Competent Authorities (NCAs), and provide a structured framework for identifying, assessing, prioritising and addressing risks. They are designed to support a supervisory framework that is consistent, proportionate, and effective across the Union. A risk-based approach is the cornerstone of EU securities markets supervision, allowing regulators to focus on and address risks that pose the greatest threats to investor protection, financial stability, and orderly markets. Risk-based supervision is also one of ESMA’s flagship projects supporting the simplification and burden reduction agenda, through its contribution to boosting supervisory efficiency and value. Next steps ESMA and NCAs will work together to advance the implementation of effective risk-based supervision and foster high quality supervisory outcomes for market participants. Related Documents DateReferenceTitleDownloadSelect 09/01/2026 ESMA42-1710566791-6326 Principles on risk-based supervision

Nasdaq (Nasdaq: NDAQ) announces that trading in the shares of Morrow Bank AB (ticker: MORROW) will commence today on the Nasdaq Stockholm Main Market. Morrow Bank is a Mid Cap company within the Financials sector. Morrow Bank is the second company to be admitted to trading on Nasdaq’s Nordic and Baltic markets* in 2026. Morrow Bank is a Nordic consumer finance bank offering consumer loans, credit cards and deposit accounts to creditworthy individuals in Sweden, Finland and Norway. The Bank has a gross loan balance of more than SEK 15.5 billion and has delivered earnings growth of more than 30% year-on-year, reflecting a highly automated operating model and disciplined risk management. “The listing reflects the transformation we have executed over the past three years. We have built a scalable platform delivering efficiency, solid credit performance and earnings growth above Nordic consumer finance peers. Redomiciling to Sweden reduces capital requirements and levels the playing field. Looking ahead, we target around 10% annualised organic loan growth and a return on target equity of approximately 20% by the end of 2028, up from 13% in Q3 2025. With increasing excess capital following the move to Sweden, we are positioned to pursue selective, accretive acquisitions, further strengthening growth and returns,” says Øyvind Oanes, CEO of Morrow Bank. “We are pleased to welcome Morrow Bank AB to the Nasdaq Stockholm Main Market as Sweden’s first listing of 2026. The bank’s decision to transfer its listing to Sweden underscores the appeal and robust standing of Nasdaq Stockholm as a leading European listing venue. We look forward to supporting Morrow’s continued success journey,” says Adam Kostyál, Head of European Listings at Nasdaq and President of Nasdaq Stockholm. *Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm as well as Nasdaq Baltic.