The Central Bank of Cyprus (CBC) publishes today the release of the House Price Index (HPI) for the 2nd quarter of 2023. The quarterly bulletin, which includes a review of index results and developments in the housing market, as well as relevant time series, is available on the CBC’s website.Click here.  For more information on the...Read More

FCA, the UK’s financial regulator, is preparing to launch a sweeping review of valuations in private markets, amid growing fears over the impact of higher borrowing costs on the sector. The FCA’s exercise will be looking at who within a firm is accountable for valuations, how information about those valuations is passed upwards to the...Read More

Italy’s government latest amendments on windfall tax enable banks/lenders to opt out of the tax if they allocate 2.5 times the amount that would have been owed under the tax to strengthening their core tier-one capital reserves. The amendment also caps the tax at 0.26% of banks’ risk-weighted assets instead of 0.1% of total assets....Read More

German asset manager DWS has agreed to pay US$19mn to settle charges brought by the US Securities and Exchange Commission (SEC) over greenwashing allegations, the highest penalty related to environmental, social and governance criteria against an investment adviser imposed to date by SEC. The company, majority-owned by Deutsche Bank, was charged by the US SEC...Read More

AI apps link to accounts to assist with spending, saving, debts and more. Most ordinary consumers don’t have access to a personal financial adviser, but a growing number of AI services are promising to change that by offering tools to help spenders track their expenditure and give advice on how best to manage their money....Read More

US SEC would require 80% of a fund’s portfolio to match its name. For the protection of investors. US financial watchdogs are pushing ahead with a crackdown on deceptive fund names, despite industry warnings that it will discourage stock picking, violate free speech protections and force funds to sell assets at a loss when markets...Read More

Consolidation in private equity is rife right now, with deals this month including CVC’s purchase of a majority stake in Dutch infrastructure investor DIF Capital Partners, and Bridgepoint’s acquisition of US-based renewables specialist Energy Capital Partners. One leading European private equity firm has a particularly stark prediction for how this wave of dealmaking might whittle...Read More

Government officials and a growing number of investors believe the Federal Reserve’s interest rate rises will not damage the US economy significantly. But investment chiefs at two of the world’s largest asset managers are not so optimistic. FT spoke to investment chiefs at two of the world’s largest asset managers, BlackRock and Amundi, who warned...Read More

JPMorgan analyst Nikolaos Panigirtzoglou explained in a note last week that the U.S. Securities and Exchange Commission (SEC) may be forced to approve several spot bitcoin exchange-traded funds (ETFs) after a court ruled in favor of Grayscale Investments regarding the crypto asset manager’s proposal to convert its bitcoin trust into a spot bitcoin ETF. “The...Read More

Source: Financial Times The London Stock Exchange Group has drawn up plans for a new digital markets business, saying this will make it the first major exchange to offer extensive trading of traditional financial assets on the blockchain technology best known for powering cryptocurrency. The company had been examining the potential for a blockchain-powered trading...Read More