The non-profit accounting organisation International Financial Reporting Standards Foundation is to establish an International Sustainability Standards Board to develop comprehensive global baseline sustainability reporting standards under robust gov
Saudi Arabia’s Securities Depository Center Company and Euroclear have partnered to launch a Euro-clearable link, enabling international investors access to sukuk and bond markets listed on the Saudi Exchange
The merger will enable the partners to arrange and deliver such services to institutional and large asset owners based in the country
First Abu Dhabi Bank (FAB) and State Street have entered into an alliance to create a full-service enterprise offering for institutional investors in the region
Eligible clients now have access to the Middle Eastern country’s Islamic and corporate bond market and listed ETFs thanks to an indirect linkage established via HSBC Saudi Arabia acting as local custodian for Clearstream
Clearstream is set to connect the Saudi capital market to its network through a linkage with the Securities Depository Center Company (Edaa)
Based on three key elements, the offering enables products and services to be delivered under one single contract between Riyad Capital and a client
“With our on-the-ground expertise and deep local knowledge, we’re pleased that HSBC was able to structure and support this first-of-its-kind transaction in the Saudi Arabian market," says HSBC's Madhur Bhandari
Amid the Gamestop saga, Robinhood’s CEO has called for a fix on the ‘antiquated settlement structure’, but others in the industry argue the current T+2 settlement cycle is ‘ultra reliable’ and a real-time system could lead to many challenges
CGI’s Andy Schmidt discusses what the next-generation of central banking architecture looks like
Peter Hainz of SmartStream discusses how the banking industry is currently faring with the implementation of the Basel Committee’s monitoring tools for intraday liquidity management
The Middle Eastern markets are diverse in many ways, and they’re focusing on themselves before they look to harmonise settlement cycles within the wider region
After its successful inaugural trading session in March, ARTEX’s CEO Yassir Benjelloun-Touimi talks to Jack McRae about seeking to create a new asset class and democratise art
The Middle East is on the cusp of a securities services success story, but this plot is not necessarily a new one, says HSBC’s Kapil Seth
Stephanie Colaric of Bank of America Merrill Lynch explains how custodians are responding to the current environment, and asks whether now is a good time to explore new markets
Mike Cowley of Deutsche explains the bank’s footprint in the Middle East, as well as updating AST on its 2008 decision to bring client assets in-house
Saudi Vision 2030 is driving growth in the Kingdom of Saudi Arabia’s financial services industry with the market set to stand up tall among its global peers
As the Saudi Arabian stock exchange finally opens its doors to foreign investments, the influx from abroad will be in baby steps, not leaps and bounds
Adding to the growth of the sukuk bond, Dubai’s new qualified investor fund aims to put the emirate on the domicile map for the Middle East and beyond
Despite reporting and process deficiencies, the Middle East is being primed for business, as AST finds out
