HKEX Chief Executive Officer, Bonnie Y Chan, said: “We are delighted that the UK Court of Appeal today ruled unanimously in the London Metal Exchange’s favour and dismissed the appeal by Elliott, confirming that the LME acted lawfully and in accordance with its legal obligations during the nickel events in 2022. I would like to congratulate the LME team, led by Matthew Chamberlain, on this outcome, which recognises the important role the LME plays in placing the interest of the market as a whole, at the front and centre, at all times. As an exchange operator, we have an important and unique role to support global markets and economies by running a fair, trusted and well-regulated market, fostering more connectivity for the benefit of all stakeholders. It is now time to look to the future and focus on the incredible opportunities ahead for the LME and for our global commodities business at this pivotal moment in the global energy transition, as we focus on the vital role that we play in connecting capital, ideas and market participants around the world.”

Introduction 1.1 In 2022, HM Treasury asked for views on changes that could be delivered, alongside the Basel 3.1 process, which would support the competitiveness of the prudential regime in the UK.[1] 1.2 In particular, HM Treasury asked for views on the prudential treatment of overseas exchanges and the process by which they meet the definition of “recognised exchanges” under the Capital Requirements Regulation (CRR). Background 1.3 UK firms are allowed to treat certain financial instruments (such as certain stocks and shares) as collateral or financial resources for their regulatory requirements. If those instruments are listed on a “recognised exchange”, the instruments are more widely accepted in the capital framework. 1.4 When the UK left the EU, HM Treasury amended the definition of “recognised exchanges” in the CRR, linking it to equivalence provided under paragraph 8 of Schedule 3 to Regulation (EU) No 600/2014 (Markets in Financial Instruments Directive (MiFIR)). 1.5 Given an equivalence decision under MiFIR has not been made with respect to any jurisdiction, the effect of the amendment was to reduce the list of “recognised exchanges” to those in the UK. Proposal 1.6 HM Treasury consulted on a proposal to address this issue, by linking the definition of “recognised exchanges” in the CRR to the Recognised Overseas Investment Exchange (ROIE) regime. 1.7 The ROIE regime, which is operated by the Financial Conduct Authority (FCA), has ensured that UK firms can continue to trade on key exchanges absent a jurisdictional equivalence decision. 1.8 HM Treasury’s proposal also suggested setting out that exchanges covered in the CRR definition of recognised exchanges are either those detailed in the PRA’s technical standards (TS) which accompany the definition of recognised exchanges or are ROIEs per the FCA’s regime. 1.9 Exchanges from UK equivalent regimes are meant to be captured in the PRA’s technical standards list, while individual exchanges that choose to apply, and are granted access under the ROIEs regime are approved and confirmed by the FCA. Feedback on our proposal 1.1 Three responses were received on this question. They all suggested that our proposal, whilst still an expansion of the definition, would be insufficient in restoring competitiveness with other jurisdictions. 1.2 More specifically, all responses welcomed the link to the ROIEs regimes. They all also noted that the ROIEs regime alone would not provide a sufficient expansion, with one respondent noting that it only includes 30 exchanges compared to the EU’s list of 108 exchanges. 1.3 All three responses suggested HM Treasury should aim to recognise all the exchanges it did before the end of the temporary transition period. They suggested this would support a level playing field with EU banks. 1.4 One response suggested that equivalence lists should be maintained and published by HM Treasury and should be directly referenced in the CRR. 1.5 One respondent said they would welcome an impact study on the subject of widening the definition of ROIE to enable a more coherent definition to be established around recognised exchanges. 1.6 One response noted that the list of exchanges contained in the PRA’s TS were significantly reduced after Brexit. Our final position 1.7 HM Treasury has taken on board the feedback received through its consultation and we have amended the proposal we initially consulted on. HM Treasury will: add the link to the ROIEs regime as initially proposed in our consultation, which all respondents welcomed; rather than refer to the PRA’s TS, the CRR definition will refer to a set of conditions that will come to be specified in the PRA rulebook for the purpose of identifying recognised exchanges or assets traded on such exchanges; 1.8 The second part of our amendment means the PRA will formulate new rules for the purposes of identifying recognised exchanges. The PRA intends to consult on these as soon as is practicable. 1.9 Until the PRA has made rules relevant for the definition of “recognised exchange”, exchanges that fall within the definition will include those that are domestic UK investment exchanges and those on the ROIEs regime. 1.10 By adding the link to the ROIE regime, firms will be able to recognise as eligible collateral, instruments traded on exchanges listed on the ROIEs register automatically. This will provide some immediate benefits once the legislation is in place and while the PRA develops its rules. We encourage firms to engage proactively with the PRA as it consults on its proposals. [1] See Chapter 6 Miscellaneous, Implementation of the Basel 3.1 standards Consultation: https://assets.publishing.service.gov.uk/media/63862dda8fa8f54d5f1adde6/HMT_Basel_3.1__consultation_document.pdf

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, is holding its fifth annual Ring the Bell for Financial Literacy event, to promote awareness of the role and importance of investor education and protection.A global network of exchanges around the world are coming together to demonstrate their support for this cause. Many exchanges are holding virtual bell ringing ceremonies, workshops and events this week to drive awareness of the importance of financial literacy in enabling the development of an inclusive market infrastructure and the opportunities that brings.The WFE’s annual campaign supports International Organization of Securities Commissions’ (“IOSCO”) World Investor Week (WIW) which seeks to raise awareness about the importance of investor education and protection. This year the WIW programme, running from 7th - 13th October, is focused on three main themes: technology and digital finance, crypto assets and sustainable finance. The WFE’s monthly Focus Magazine for October is a Special Edition which shines a light on financial literacy initiatives around the world.Nandini Sukumar, CEO of the WFE commented, “As we mark our fifth year of partnering with IOSCO for World Investor Week, our members are reaffirming their commitment to placing investor protection at the heart of their operations. In today’s rapidly evolving markets, safeguarding investors is the foundation of a fair and resilient financial system. By empowering individuals with the knowledge and tools they need to understand the market infrastructure they are trading on, we are building a stronger, more inclusive future for all market participants.”You can find the latest articles, photos and videos from WFE members ringing the bell here.The exchanges participating in the Ring the Bell for Financial Literacy 2024 initiative are:Abu Dhabi Securities Exchange (ADX) Amman Stock ExchangeAthens Stock Exchange (ATHEX)Australian Securities ExchangeB3 - a bolsa do BrasilBahrain BourseBaku Stock ExchangeBEE4 Belgrade Stock ExchangeBermuda Stock ExchangeBME Bolsa Institucional de Valores |  BIVABolsa Latinoamericana de Valores (Latinex)Bolsa Mexicana De ValoresBorsa İstanbulBotswana Stock Exchange Boursa KuwaitBourse Regionale Des Valeurs Mobilieres (BRVM)Bursa MalaysiaCboe Global MarketsChittagong Stock Exchange PLC (CSE)Colombo Stock ExchangeCSE - Canadian Securities ExchangeDar Es Salaam Stock ExchangeEuronextFMDQ Group PLCGhana Stock ExchangeHong Kong Exchanges and Clearing Limited (HKEX)Indonesia Stock ExchangeJohannesburg Stock ExchangeKazakhstan Stock Exchange JSCLjubljana Stock ExchangeLuxembourg Stock Exchange Macedonian Stock ExchangeMalta Stock Exchange plcMetropolitan Stock Exchange of India LimitedMIAXMuscat Stock ExchangeNasdaq HelsinkiNasdaq IcelandNasdaq VilniusNigerian Exchange Groupnuam (Chile Colombia and Peru Exchanges)NZXPakistan Mercantile Exchange Pakistan Stock ExchangePalestine Exchange  Qatar Stock Exchange Saudi Tadawul Group Shanghai Futures ExchangeShanghai Stock ExchangeSingapore ExchangeSomali Stock Exchange Taipei ExchangeTaiwan Stock Exchange The Egyptian ExchangeThe Philippine Stock Exchange, Inc. The Stock Exchange of ThailandTunis Stock ExchangeWarsaw Stock Exchange

Worldline [Euronext : WLN], a global leader in payment services, announces the appointment of Paul Marriott-Clarke as Head of Merchant Services business, effective 7 October 2024. Paul Marriott-Clarke succeeds Marc-Henri Desportes, who has led the division since February 2024 alongside his other roles. With over 25 years of experience in the banking and payments industry, Paul brings a wealth of expertise and a proven track record of success. Prior to joining Worldline, Paul served as Head of Customer & Digital at Barclays UK, where he drove the bank’s digital transformation, shifting the organisation towards an agile and customer-centric model. Before joining Barclays, Paul was the CEO of PayPal Europe prior to which he held the position of Chief Commercial Officer for Europe, the Middle East, and Africa, driving PayPal’s commercial outcomes and strategic initiatives across these regions. Marc-Henri Desportes, Worldline CEO, said: “Worldline is dedicated to powering the growth of millions of businesses globally, from small enterprises to large retailers. Our Merchant Services division is a cornerstone of our story, and we are thrilled to welcome Paul to lead this crucial part of our organization. I am confident that Paul’s extensive experience in digital transformation of the financial services industry and in online payments in particular will be instrumental in driving our focus on becoming a customer-driven company.” Paul began his career in financial services at McKinsey & Company in London, UK, and Sydney, Australia, and has held various leadership roles, including as one of the founding executives who established Metro Bank, Britain’s first new high street bank in over a century, and senior positions at Halifax Bank of Scotland. He holds a Bachelor of Engineering (Hons) in Civil and Structural Engineering from the University of Manchester Institute of Science and Technology, UK. Paul Marriott-Clarke will be based at Worldline Headquarters in Paris La Défense, France. As a member of the Group’s Executive Committee, he will report directly to the CEO.

Click here to download Tehran Securities Exchange's monthly bulletin.

Click here to download Tehran Securities Exchange weekly market snapshot.

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.2(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”), Nadex self-certified the terms and conditions for its new CRO Cryptocurrency Touch Bracket Contracts. These contracts will be listed on or after trade date October 8, 2024. Should you have any questions or require further information, please contact the Compliance Department. Notice 1789 Self-Certification

The Commodity Futures Trading Commission’s Office of Customer Education and Outreach today announced two events as part of its participation in World Investor Week, a global effort organized by the International Organization of Securities Commissions to raise awareness about the importance of investor education and protection with a focus on the most critical, emerging themes. From Oct. 7-13, organizations representing over 100 jurisdictions will combine efforts to alert and empower investors as they consider participating in such areas as digital and technological investment, crypto assets, and sustainable finance.    The first event focuses on an area of increasing concern that implicates various aspects of technology and emerging assets such as crypto. Fraudsters implementing relationship investment confidence scams are stealing billions of dollars from Americans. These scams have been linked to overseas organized crime syndicates and fuel an underground economy of human trafficking and money laundering. During the hybrid Romance Investment Fraud: A Global-Scale Crypto Scam event, the OCEO and Dr. John Griffin, James A. Elkins Centennial Chair in Finance at the University of Texas, will discuss his paper, How Do Crypto Flows Finance Slavery? The Economics of Pig Butchering. A panel of federal regulators will also teach participants about the growing scale of this fraud, how to detect it, and how to help spread the word about this devastating crime.  Registration is free and open to the public. The discussion is Oct. 8 from 12:30-1:30 p.m. EDT. Register today: Register to attend virtually Register to attend in Washington, D.C. Register to attend in Austin, Texas OCEO will participate in a webinar hosted by the NFA, the self-regulatory organization for the U.S. derivatives industry. Anyone can become a victim of fraud, but there are tools that can help the public avoid interacting with potentially dangerous individuals. CFTC and NFA staff will highlight resources consumers can use to help protect themselves against fraud. The free webinar, Protect Yourself: NFA and CFTC Resources, will be held Oct. 9 at 2 p.m. EDT. Register today. About the Office of Customer Education and Outreach OCEO is dedicated to helping customers protect themselves from fraud or violations of the Commodity Exchange Act through the research and development of effective financial education materials and initiatives. OCEO engages in outreach and education to retail investors, traders, industry organizations, and the agricultural community. The office also frequently partners with federal and state regulators as well as consumer protection groups. The CFTC’s full repository of customer education materials can be found at Learn & Protect. Disclaimer: Professor Griffin will present the findings of his report. The CFTC has not independently verified these findings. The views presented by participants are not necessarily the views of the CFTC or the federal government, and no part of the presentation should be construed as an endorsement of any person or entity.

The Commodity Futures Trading Commission’s Division of Market Oversight and the Division of Clearing and Risk today announced they have taken a no-action position regarding swap data reporting and recordkeeping regulations in response to a request from KalshiEX LLC, a designated contract market, and Kalshi Klear LLC, a derivatives clearing organization, to modify CFTC Letter No. 21-11 to cover transactions cleared through Kalshi Klear LLC.  The divisions will not recommend the CFTC initiate an enforcement action against KalshiEX LLC, Kalshi Klear LLC, or their participants for failure to comply with certain swap-related recordkeeping requirements and for failure to report to swap data repositories data associated with binary option transactions executed on or subject to the rules of KalshiEX LLC and cleared through Kalshi Klear LLC, subject to the terms and conditions in the no-action letter.  .  RELATED LINKS CFTC Staff Letter No. 24-15

TMX Group Limited today announced September 2024 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, including Alpha-X & Alpha DRK, and Montréal Exchange. Related Document:TMX Group Consolidated Trading Statistics - September 2024

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2025 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $32,400 to $33,500. The threshold amount will be effective January 1, 2025, and is based on the 3.4 percent annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, known as CPI-W, as of June 1, 2024. The Dodd-Frank Act added special appraisal requirements for higher-priced mortgage loans to the Truth in Lending Act, including that creditors obtain a written appraisal based on a physical visit to the interior of the home before making a higher-priced mortgage loan. The rules implementing these requirements contain an exemption for loans of $25,000 or less, adjusted annually to reflect CPI-W increases. Federal Register notice: Appraisals for Higher-Priced Mortgage Loans Exemption Threshold (PDF)

The market opened for four trading days this week as the Federal Government of Nigeria declared Tuesday October 1, 2024, as Public Holiday to commemorate the Independence Day Celebration. Meanwhile, a total turnover of 2.872 billion shares worth N132.811 billion in 39,867 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.318 billion shares valued at N45.911 billion that exchanged hands last week in 49,243 deals. Click here for full details.

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2025 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $32,400 to $33,500. The threshold amount will be effective January 1, 2025, and is based on the 3.4 percent annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, known as CPI-W, as of June 1, 2024. The Dodd-Frank Act added special appraisal requirements for higher-priced mortgage loans to the Truth in Lending Act, including that creditors obtain a written appraisal based on a physical visit to the interior of the home before making a higher-priced mortgage loan. The rules implementing these requirements contain an exemption for loans of $25,000 or less, adjusted annually to reflect CPI-W increases. Federal Register notice: Appraisals for Higher-Priced Mortgage Loans Exemption Threshold (PDF)

Click here to download Malawi Stock Exchange's weekly summary.

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported record total trading volume for the month of September 2024 of $56.1 trillion (tn)[1]. Average daily volume (ADV) for the month was a record $2.63tn, an increase of 68.3 percent (%) year-over-year (YoY).[2] For the third quarter of 2024, total trading volume was a record $147.5tn and ADV was a record $2.21tn, an increase of 55.3% YoY, with preliminary average variable fees per million dollars of volume traded of $2.29.[3] Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of September was up 50.3% YoY and total ADV for the third quarter of 2024 was up 42.7% YoY. Tradeweb CEO Billy Hult said: "Looking at trading volume for the third quarter of 2024, this was our best quarter ever with record volumes in multiple asset classes. Average daily volume for the quarter climbed more than 55% YoY to a record $2.21tn (September ADV was up more than 68% YoY to a record $2.63tn), reflecting strong organic growth and solid contributions from our acquisitions of Yieldbroker, r8fin, and ICD. As the leading electronic trading marketplace for U.S. Treasuries and a global leader in swaps, we remained focused on growing market share while also benefiting from rates market volatility around central bank moves. Momentum in credit volumes also remained strong, with record ADV for the quarter in fully electronic U.S. high yield credit and record ADV for September in fully electronic U.S. high grade credit. The third quarter for Tradeweb culminated with broadly strong volumes in September reflecting continued momentum across asset classes.” In September 2024, Tradeweb records included: ADV in U.S. government bonds ADV in fully electronic U.S. high grade credit ADV in credit derivatives ADV in global repurchase agreements For the third quarter of 2024, Tradeweb records included: ADV in U.S. government bonds ADV in fully electronic U.S. high yield credit ADV in credit derivatives ADV in global repurchase agreements September 2024 Highlights rates    U.S. government bond ADV was up 59.8% YoY to $232.2 billion (bn). European government bond ADV was up 16.7% YoY to $49.5bn. Record U.S. government bond volumes were supported by record ADV in our institutional business, as well as strong growth in wholesale and retail volumes. Increased adoption across a wide range of protocols and favorable market conditions contributed to the increase in volume. The addition of r8fin continues to contribute positively to wholesale volumes. European government bonds reported strong double-digit volume growth, largely driven by a 30% YoY increase in UK Gilts activity. We continued to see an increased number of clients utilizing a variety of trading protocols on the platform. Mortgage ADV was up 32.3% YoY to $240.2bn. Strong activity was driven by heightened volatility surrounding a pivotal September Fed meeting. Specified pool volumes reached a new record, surpassing the previous peak in August, driven by robust trading activity. Swaps/swaptions ≥ 1-year ADV was up 73.1% YoY to $576.3bn and total rates derivatives ADV was up 79.1% YoY to $1.02tn.   Strong volume in swaps/swaptions was driven by strong client demand around the September Fed meeting. Market volatility and hedging needs continued to be a focus across the overall market. Compression activity, which carries a lower fee per million, increased 95% YoY. 3Q24 compression activity as a percentage of swaps/swaptions was lower than 2Q24. Clients continued to utilize the request-for-market (RFM) protocol for risk transfers. Emerging markets swaps growth remained strong. credit    Fully electronic U.S. credit ADV was up 77.0% YoY to $8.6bn and European credit ADV was up 27.9% YoY to $2.7bn. U.S. credit volumes were driven by increased client adoption, most notably in request-for-quote (RFQ), portfolio trading and Tradeweb AllTrade®. Tradeweb captured 18.1% and 7.4% of fully electronic U.S high grade and U.S. high yield TRACE, respectively, as measured by Tradeweb. European credit volumes were driven by record volumes in European portfolio trading and increased adoption of RFQ YoY. Municipal bonds ADV increased by 7.7% YoY to $385 million (mm). Volume growth outpaced the broader market, which was flat YoY, led by strong retail activity which increased 10.4% YoY. Credit derivatives ADV was up 49.9% YoY to $54.9bn. Increased hedge fund and systematic account activity, along with heightened credit volatility, led to increased swap execution facility (SEF) and multilateral trading facility (MTF) credit default swaps activity. equities    U.S. ETF ADV was up 2.7% YoY to $7.6bn and European ETF ADV was up 39.8% YoY to $3.1bn.   U.S. institutional ETF volumes were up 25.3% YoY and European institutional ETF volumes were up 40.2% YoY, driven by a wide range of clients using an expanded set of trading functionalities across both platforms. money markets    Repo ADV was up 28.6% YoY to $681.0bn. A continued increase in client activity on Tradeweb’s repo trading platform drove record global repo activity, led by record U.S. repo activity and growth in EMEA repo activity. The combination of quantitative tightening, increased collateral supply, and current rates market activity shifted more assets from the Fed’s reverse repo facility to money markets. Retail money markets activity remained strong as the Fed cut rates in September. Other Money Markets ADV was up YoY to $302.5bn. Other money markets volume growth was driven by the inclusion of ICD volumes in September 2024. Please refer to the report posted to https://www.tradeweb.com/newsroom/monthly-activity-reports/ for complete information and data related to our historical monthly, quarterly and yearly ADV and total trading volume across asset classes.

The European Investment Bank (EIB) has passed the €100 billion mark in total Climate Awareness Bonds (CAB) and Sustainability Awareness Bonds (SAB) issuance since producing the world’s first green bond in 2007. Today, the EIB celebrated this milestone at the Luxembourg Stock Exchange, the world’s reference exchange for sustainable bonds.    Nadia Calviño, president of the European Investment Bank, visited the Luxembourg Stock Exchange (LuxSE) for the first time today to mark the milestone in the EIB’s pioneering contribution to sustainable finance. She also discussed the future of the green bond market in the context of the EU agendas for Sustainable Finance and the Savings and Investment Union. In the presence of Luxembourg Minister of Finance Gilles Roth, the EIB and LuxSE put the spotlight on the EIB’s unique contribution to bringing more clarity to sustainable finance and the role of the broader financial ecosystem in Luxembourg in advancing sustainable investment.    During his speech, Luxembourg Minister of Finance Gilles Roth commented: "The EIB’s achievement of surpassing  €100 billion in sustainable bonds is remarkable and highlights the transformative role of finance in addressing global challenges. Each of these bonds has had a tangible impact – on the real economy, on people’s lives and on the planet. While this milestone is significant, we must continue to push boundaries. This partnership between the EIB and the LuxSE sets a high standard for the global financial community to follow. Luxembourg remains committed to fostering international partnerships to strengthen sustainable finance globally.” EIB President Nadia Calviño highlighted: “The milestone we are celebrating today reflects the exponential development of the sustainable bond market as well as the strong partnership between the EIB and the Luxembourg Stock Exchange. Since pioneering the green bond market in 2007, the EIB has unlocked €100 billion of investor support for climate action and sustainability, with Luxembourg now a global centre for sustainable finance. The EIB will continue to support the green transition also by leading the emergence of a standardised green bond market in the context of deeper and stronger capital markets in Europe.” Julie Becker, Chief Executive Officer of LuxSE, said: “Today marks an important milestone not just for the EIB but also for the sustainable finance market more broadly. Since it pioneered the green bond market 17 years ago, the EIB has spearheaded market developments and led the way towards more standardisation, better reporting and more transparency for investors. Thanks to its leading role, the EIB has been a crucial partner and inspiration for LuxSE’s sustainable finance initiatives.” Reaching the  €100 billion mark In 2007, the EIB issued the world’s first green bond and inaugurated a market that would see exponential growth in the ensuing years. According to figures from the LGX DataHub, the cumulative, total funding raised through green, social, sustainability and sustainability-linked bonds issued globally has reached $5.2 trillion. In August 2024, the EIB passed the EUR €100 billion mark of CAB and SAB issuance. This makes the EIB the world’s largest issuer of green bonds as well as assured sustainable bonds with dedicated use of proceeds among multilateral development banks. To meet the needs of a broad investor base, the EIB has issued these bonds in 23 currencies, a market record. The EIB’s inaugural CAB was listed on LuxSE in 2007. In 2016, LuxSE established the Luxembourg Green Exchange (LGX), the first platform dedicated exclusively to sustainable securities. By creating visibility and transparency around sustainable investment opportunities, LGX helps advance investment for the objectives laid out in the Paris Agreement and the United Nations Sustainable Development Goals. Fostering market development to enhance clarity in sustainable finance LuxSE and the EIB have contributed first-hand market experience to the work of various expert groups and industry associations in the field of sustainable finance. This includes the EU’s 2016-2018 High-Level Expert Group on sustainable finance, which made strategic recommendations for a financial system that advances sustainable investments, and the 2018-2020 Technical Expert Group on sustainable finance, which proposed the EU Green Bond Standard and an EU taxonomy of economic activities contributing to climate change mitigation and adaptation. In addition, the EIB is a Member of the EU Platform on Sustainable finance, established by the Taxonomy Regulation in 2020 to advise the European Commission in its ongoing reform of sustainable finance. Building on its role as a leading issuer, the EIB has fostered market development through its contributions to the Green Bond Principles for the promotion of best practice, leading by example via its CAB and SAB frameworks and its allocation and impact reports, all audited by a supervised auditor with Reasonable Assurance (ISAE 3000), the highest level of assurance in the market. Since 2018, the EIB has been aligning its Climate- and Sustainability Awareness Bonds with the EU Taxonomy and expects to continue on this path, leading the way in demonstrating the gradual application of evolving EU sustainable finance legislation. Expanding the scope Initially, the focus of the EIB’s sustainability funding was on green objectives. In 2018, the EIB started issuing Sustainability Awareness Bonds, which raise financing for investment projects with social outcomes.  Similarly, the LGX platform was initially dedicated to green bonds and the scope was expanded to include social and sustainability bonds in 2017.

Huw Pill Chief Economist and Executive Director, Monetary Analysis   In this speech Huw discusses why he voted to leave Bank Rate unchanged at the last two MPC meetings. Huw points to the use of cross checks of the baseline MPC forecast as one exercise informing his assessment of the outlook which supported his efforts to improve the robustness of his monetary policy decision. This approach to cross-checking leads Huw to conclude, at present, that there is ample reason for caution in assessing the dissipation of inflation persistence and the need for such caution points to a gradual withdrawal of monetary policy restriction. Click here for full details.

The Comisión Nacional de los Mercados y la Competencia (CNMC) has imposed a €1,081,502 fine on Neuro Energía y Gestión for manipulating the Spanish electricity market between 23 August 2022 and 15 March 2023. This penalty comes under the REMIT Regulation (EU) No 1227/2011, which prohibits market manipulation and seeks to protect the integrity and transparency of the EU’s wholesale energy markets. In its decision, CNMC found that Neuro Energía y Gestión had breached Article 5 of REMIT, specifically Article 2.2.a.i by: Issuing and withdrawing non-genuine orders to be in an advantageous position to execute cross-border sales with France. Manipulating the market by providing false or misleading signals as to the supply, demand, and price of wholesale energy products. The investigation revealed that Neuro Energía y Gestión, in 125 trading sessions, issued and withdrew non-genuine orders using the digital certificates of 34 other market agents. The goal was to control the offer processing queue on the continuous intraday electricity cross-border sales contracts with France. ACER welcomes this decision by CNMC, which seeks to promote the transparency and integrity of the Spanish electricity market. Access the Decision and CNMC’s press release (both in Spanish). See the latest table of REMIT breach sanction decisions adopted by national regulatory authorities. Check the ACER REMIT Guidance (6th edition) for more information on the types of trading practices which could constitute market manipulation under REMIT. Interested in further information on enforcement decisions under REMIT? Check out ACER’s REMIT Quarterly reports.

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), today announced the appointment of Djamila Cosme-Bayoud as Premier Account Leader and Senior Country Officer for France. Based in Paris, Djamila will lead the global relationships for Broadridge’s strategic accounts in France. She will also assume the role of Senior Country Officer for France, overseeing all go-to-market activities in a top market that is a key part of Broadridge's international investment and growth strategy. “Djamila brings over two decades of experience in the EMEA region and has a proven track record of delivering exceptional results for clients and leading teams,” said Mike Sleightholme, President of Broadridge International. “Her deep understanding of the market, coupled with her ability to navigate complex regulatory environments and experience in leading cross-business initiatives, make her uniquely positioned to lead Broadridge’s growth strategy in the region to help our clients operate, innovate, and grow.” “Djamila’s appointment underscores our commitment to extend and deepen our market relationships in the French market and globally,” said Mark Gidley, Head of International Account and Commercial Management at Broadridge.  “Supported by our trusted expertise and transformative technology, our customers can capitalise on today’s opportunities and tomorrow’s potential.” “I am excited to be joining Broadridge and leveraging my experience in developing and growing accounts and driving the growth strategy across in France,” said Djamila Cosme-Bayoud, Premier Account Leader and Senior Country Officer for France at Broadridge. Djamila’s previous role was Global Business Director at the London Stock Exchange Group (LSEG), where she led the business-wide relationships for LSEG’s strategic accounts, delivering innovative trading and data solutions across all financial markets.

As of today, Springer Nature AG & Co. KGaA (ISIN: DE000SPG1003) is listed in the Prime Standard of the Frankfurt Stock Exchange. The initial price of the share was EUR 24.00. The current share price is available via Börse Frankfurt.The IPO was accompanied by Deutsche Bank, J.P. Morgan, and Morgan Stanley Europe as Joint Global Coordinators and Joint Bookrunners. Additionally, BNP Paribas, Commerzbank, Goldman Sachs Bank Europe, and Unicredit Bank acted as Joint Bookrunners. Crédit Agricole Corporate and Investment Bank and ING Bank were Co-Bookrunners. Morgan Stanley Europe is the designated sponsor on Xetra, and the specialist on the trading venue Börse Frankfurt is Baader Bank.According to its own information, Springer Nature is a global publisher for research, health, and education. Founded in Berlin in 1842, the scientific publisher brings over 14,000 specialist book titles to market annually and publishes 3,000 specialist journals. Publishing brands under Springer Nature include Springer, Nature Portfolio, BMC, Palgrave Macmillan, and Scientific American.