December 24, 2020/Proshare by CSL Research Over the past few months, severe pressure has been mounting on the country’s foreign reserves in face of dwindling oil earnings and reduced capital inflows from risk averse foreign investors. The decline in oil prices was largely driven by weakened crude oil demand […]
Updates
SEC Issues Statement and Requests Comment Regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers
December 23, 2020/US SEC The Securities and Exchange Commission today issued a statement and request for comment regarding the custody of digital asset securities by broker-dealers in order to encourage innovation around the application of Securities Exchange Act Rule 15c3-3 to digital asset securities. The statement sets forth the Commission’s […]
ITFC Executes its First Standalone LC Confirmation Transaction
ITFC’s approval supports the timely import of fertilizer for agriculture and agri-food processing industries in Bangladesh while enhancing food security and boosting intra-OIC trade flows December 22, 2020/ITFC The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has advised and confirmed the first […]
