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Statement On The FASB’s Agenda Consultation: Engagement With Investors And Other Stakeholders Vital To Development Of High Quality Accounting Standards, Paul Munter, SEC Acting Chief Accountant, Feb. 22, 2022

Date 22/02/2022

Introduction

In June 2021, the Financial Accounting Standards Board (“FASB”) staff published an Invitation to Comment, Agenda Consultation (“ITC”), to solicit broad stakeholder feedback about the FASB’s standard-setting process and its future standard-setting agenda. In addition to feedback sought through the ITC, the development of the ITC itself involved significant outreach by the FASB staff and Board members to a cross-section of stakeholders, approximately one-third of whom were investors or other financial statement users.

FSB Seeks Views On Policy Approaches And Market Practices To Support A Smooth Transition Out Of Debt Overhang Issues

Date 22/02/2022

The Financial Stability Board (FSB) today published a discussion paper on debt overhang issues of non-financial corporates in the context of the COVID-19 pandemic.

UK Financial Conduct Authority: New Financial Sanctions Measures In Relation To Russia

Date 22/02/2022

Following the Prime Minister’s statement to the House of Commons  on 22 February 2022, the UK announced a tranche of sanctions on Russia. The Prime Minister announced further measures on 24 February 2022 which are available on the Foreign, Commonwealth & Development Office website . If you require a licence to permit any activity which would otherwise be prohibited by sanctions regulations, you must contact the relevant department.

Mizuho Americas Partners With Quantifi To Support Its Robust Equity Derivatives Platform

Date 22/02/2022

Quantifi ,  a provider of risk, analytics and trading solutions today announced that it has been selected by Mizuho Americas, an integral part of the Japan-based Mizuho Financial Group, Inc., to support its expanding equity derivatives platform. Quantifi will complement Mizuho America’s existing internal process, providing additional pricing models to further validate its internal models.

IncubEx Announces Launch Date Of The Voluntary Climate Marketplace

Date 22/02/2022

The Voluntary Climate Marketplace (TVCM), a venue for trading global carbon offsets and other bespoke environmental attributes, has announced it will launch on March 25, 2022.

New GFMA Paper By BCG And Clifford Chance Outlines Benefits And Challenges Of Wholesale Central Bank Digital Currencies - Paper Encourages Collaboration Between Public And Private Institutions And Outlines Opportunities, Challenges, And Questions Concerning The Design, Issuance, Legal Status, And Use Cases Of wCBDCs

Date 22/02/2022

Over 70% of central banks have begun exploring the possibility of introducing central bank digital currencies (CBDCs). A new paper, commissioned by the Global Financial Markets Association (GFMA) from Boston Consulting Group (BCG) and Clifford Chance LLP, identifies the GFMA’s critical considerations for the success of potential CBDCs in wholesale markets (wCBDCs).

UK Financial Conduct Authority: Recent Statements By Bitpanda GmbH (Bitpanda)

Date 22/02/2022

The Financial Conduct Authority is aware of recent statements made by Bitpanda announcing the acquisition of Trustology Limited.

UK Slashes Red Tape Through Bold Reforms To Insurance Sector Regulation - Economic Secretary To The Treasury Sets Out Plans To Seize Brexit Opportunities And Slash Red Tape Through Bold Reforms To Solvency II

Date 22/02/2022

• Proposed overhaul of insurance sector regulation will create a more tailored and dynamic regime, unlocking billions of pounds of in investment in UK infrastructure.
• Protection for policyholders will remain a top priority.

Moscow Exchange To Add New International Stocks For Trading

Date 22/02/2022

Moscow Exchange plans to admit shares of 240 international companies including VMware, Levi Strauss & Co, Hyatt Hotels Corporation, iRobot Corporation to trading on 1 March 2022. This will bring the number of shares and depository receipts of international issuers available for trading on Moscow Exchange to 919.

EGX Sustainability Foundation Signs Protocol With DCarbon

Date 22/02/2022

Dr. Mohamed Farid, Executive Chairman of EGX, witnessed the signing ceremony of cooperation agreement between EGX Sustainability Foundation and DCarbon Company, the regional representative of Global Reporting Initiative (GRI), agreeing on a comprehensive training program for listed companies, on ESG & TCFD reporting, in accordance with international best practices in this regard.