News Centre

Being A Director Isn’t Meant To Be Easy: Keynote Speech By ASIC Chair Joe Longo At The Australian Institute Of Company Directors (AICD) Australian Governance Summit, 21 March 2024

Date 21/03/2024

KEY POINTS

• Complying with directors’ duties may be difficult, but ASIC expects you to do it, it can be done, and there are benefits.
• Developments in AI, cyber threats, sustainable finance and ESG mean greater complexity in the business environment.
• Directors need to ask themselves the right questions: Are you acting honestly? Are you putting the company first? Do you have a continuous curiosity to understand the business and associated risks? And are you challenging management and getting professional advice?

NZX: Issue Of Ordinary Shares And Performance Rights

Date 21/03/2024

NZX advises that it has issued $1,000 of ordinary shares (gross of tax) in NZX to each of its permanent employees as at 7 February 2024 who have joined or become permanent employees of NZX since 7 February 2023.

Global Governance Bodies, Michael S. Gibson, Director, Federal Reserve Division Of Supervision And Regulation, Before The Committee On Financial Services, U.S. House Of Representatives

Date 20/03/2024

Chairman McHenry, Ranking Member Waters, and members of the Committee, thank you for the opportunity to discuss the Federal Reserve Board's (Board) engagement with international organizations on supervisory and regulatory matters.

ISDA Responds To CFTC On Clearing Member Funds Protection

Date 20/03/2024

On March 18, ISDA responded to the US Commodity Futures Trading Commission’s (CFTC) consultation on the protection of clearing member funds held by derivatives clearing organizations (DCOs), including the assets of futures commission merchants (FCMs).

Federal Reserve Issues FOMC Statement

Date 20/03/2024

Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated.

ISDA Responds To FASB On Induced Conversion Of Convertible Debt

Date 20/03/2024

On March 18, ISDA submitted a response to the Financial Accounting Standards Board’s (FASB) exposure draft (ED) on File Reference No. 2023-ED600, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments.

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The March 19-20 FOMC Meeting

Date 20/03/2024

The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the March 19-20 meeting.

Ontario Securities Commission Opens Registration For OSC Dialogue 2024

Date 20/03/2024

The Ontario Securities Commission (OSC) today opened registration for OSC Dialogue 2024: Inviting, thriving and secure capital markets.

EBA Updates List Of Institutions Involved In The 2024 Supervisory Benchmarking Exercise

Date 20/03/2024

The European Banking Authority (EBA) published today an updated list of institutions, which have a reporting obligation for the purpose of the 2024 EU supervisory benchmarking exercise. The EBA will be conducting the 2024 benchmarking exercise on a sample of 110 institutions from 16 countries across the EU and the European Economic Area. The EBA runs this exercise leveraging on established data collection procedures and formats of regular supervisory reporting and assists Competent Authorities in assessing the quality of internal approaches used to calculate risk weighted exposure amounts.

Office Hours With Gary Gensler: Corporate Governance, SEC Chair Gary Gensler, March 20, 2024

Date 20/03/2024

This video can be viewed at the below link.