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Islamic insurers' strong profitability might not continue throughout 2021, says S&P report

Islamic insurers' strong profitability might not continue throughout 2021, says S&P report

A new report from S&P Global Ratings says that unlike in the corporate sector, where the pandemic led to widespread downgrades in 2020, credit ratings on Islamic (Takaful) and conventional insurers in the Gulf Cooperative Council (GCC) have remained broadly stable over the past 18 months, supported by relatively strong capital buffers. 

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Settlement failure attributed to significant problems in the middle off for the majority of institutions

Settlement failure attributed to significant problems in the middle off for the majority of institutions

A total of 60 per cent of institutions believe that settlement failures attributed to inadequacies of the middle-office are still a significant problem in their organisation, according to a new global survey conducted by Torstone Technology, a SaaS provider of post-trade securities and derivatives processing in collaboration with GreySpark Partners, a leading global capital markets consultancy.

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V-Square appoints Head of Distribution

V-Square appoints Head of Distribution

V-Square Quantitative Management (V-Square) has appointed Erik Norland as its Head of Distribution. A 20-year industry veteran with asset management, custody, and global markets expertise, Norland will lead the firm's sales, consultant relationship and client service functions across institutional, insurance and wholesale. 

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Lynx Global acquires Ausphil

Lynx Global acquires Ausphil

Lynx Global Digital Finance Corporation has formally closed the acquisition of 100 per cent of the issued and outstanding shares of Ausphil Technologies (Ausphil), an Australian private company, that holds a 52.15 per cent equity interest in a Philippines licensed financial institution, Binangonan Rural Bank Inc (BRB).