Tuesday 21st November 2017
NEWS TICKER November 21st: SIA has launched SIA EasyWay, a new digital platform that allows banks and other payment service providers (PSPs) to manage at European level the instant payments available from today on EBA Clearing’s RT1 infrastructure developed by SIA, in addition to all other SEPA payment and collection instruments. With the introduction of PSD2 in January 2018, the platform will also allow financial institutions and new market players to comply with the directive - Rating agency Standard & Poor’s (S&P) has affirmed an AA- credit rating for SIX Group Ltd. The Group’s broad diversification, solid balance sheet structure and high liquidity were behind the decision. Securities services providers SIX SIS Ltd and SIX x-clear Ltd each retained an AA- rating. The rating of SIX Payment Services (Austria) GmbH declined slightly from AA- to A+. Because of increasing margin pressure and growing competition, S&P has changed the outlook for SIX Group Ltd from stable to negative -- Singapore Exchange (SGX) has inducted Hong Kong-based Qantex Capital Markets (Qantex Capital) to its derivatives market as a trading member. Michael Syn, head of derivatives at SGX says the admission of Qantex Capital brings the total number of trading members in SGX’s derivatives market to 59 - decision to move the EBA to Paris highlights the challenges that exist for businesses operating in Europe’s changing landscape. Mark Lewis, EVP Products and Development at Interoute, explains, “Many countries see Brexit as an opportunity to reinforce their position and status as centres of European commerce. As a result, it’s no surprise that seven in ten IT leaders across Europe see Britain leaving the EU as an opportunity for their company. 
However, businesses in the UK are ambitious for growth and recognise that disruption is the new norm. As a result, 60% of UK organisations are making technology infrastructure decisions that give them the ability to respond to changes they anticipate will continue to impact their competitive environment. The future is uncertain, however, by picking an IT infrastructure platform that spans Europe and the UK, supporting flexibility and efficiency, organisations can go some way to ensuring they have the capability to adapt to the times ahead.” -- German bank Donner & Reuschel Ha now moved into investing in professional sports. Its new investment fund invests in a non-correlating asset class. The fund invests in the commercial areas of sports with a focus on football and entertainment rights. This includes broadcasting rights, equity investments in clubs and equipment suppliers, and sports properties such as stadiums and training centres for top athletes. Donner & Reuschel is assuming the role of both the custodian and the exclusive sales partner, while Hanseatische Investment-GmbH, Hamburg, Germany (HANSAINVEST) is the capital management company. In the medium term, a fund volume of €200m is targeted. “The sports and entertainment sector will further benefit from digitalisation, as media rights, data and eSports are the big growth drivers of the future,” says Martin Wolf, who acts as advisor to the fund together with Robert Niemann, both from Sports Advisory International in Munich, Germany. “We are giving investors access to a new asset class that was previously only available to private equity firms and corporations,” adds Thomas Ronfeld, head of Primary Markets at the bank Donner & Reuschel. The minimum subscription amount is €1m. million. The duration of the fund is until the end of 2028 –

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Although long standing, in 2016 the country’s privatisation programme was harnessed by the government to encourage foreign investment in minority stakes in a gamut of state-owned firms, include the country’s flagship National Company KazMunaiGas. Since then, the programme has sometimes been mired in questions around governance. Partners, Carter Brod and Aset Shyngyssov of global law firm Morgan Lewis examine the viability of Kazakhstan’s privatisation plans.

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Set against a dynamic business backdrop in its own backyard, the European Energy Exchange (EEX) has adopted a confident and bold strategy to establish its global footprint within the exchange industry. Last year’s move into new commodity focused asset classes marks a new dimension in EEX’s growth and its continued transition from Europe’s leading energy exchange towards a global, multi-commodity exchange group. It has provided EEX and its parent company, Deutsche Börse Group, a growing competitive edge, given that it can also provide the vertical post trade support infrastructure required to back its expansion plans. Why has EEX been so successful in Europe, and how does that translate into its plans for global growth?

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Wednesday, 21 October 2015

Egypt opts for development funds

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Wednesday, 21 October 2015

Political uncertainty weighs on Turkey

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