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News Centre
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Press Conference By KATO Katsunobu, Japan Minister Of Finance And Minister Of State For Financial Services
Date 28/11/2024
[Opening remarks:]
- Minister)
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The Executive Committee of the International Association of Insurance Supervisors (IAIS), an international organization of insurance supervisory authorities, published yesterday that it approved the Insurance Capital Standard (ICS), which is the first international capital standard in the insurance sector.
We welcome this substantial progress toward the adoption of the ICS at the IAIS Annual General Meeting scheduled at the end of this year thanks to the efforts made by the Chair of the IAIS Executive Committee and other related parties.
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CFTC Commitments Of Traders: Weekly Report Will Be Released Monday, December 2
Date 27/11/2024
In lieu of the Federal holiday on Thursday, November 28, the weekly Commitments of Traders report will be released on Monday, December 2 at 3:30pm.
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New Zealand Financial Markets Authority Publishes Refreshed Audit Quality Monitoring Report
Date 27/11/2024
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has found audit quality of FMC reporting entities remains strong in New Zealand, however, some inconsistencies in execution are holding back the ability to produce stronger evidence and support for audit opinions.
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US Office Of The Comptroller Of The Currency Increases 2025 Assessments For National Banks And Federal Savings Associations
Date 27/11/2024
The Office of the Comptroller of the Currency (OCC) today announced an increase in assessment rates for the 2025 calendar year. The increases are primarily targeted at large banks and other institutions requiring increased supervisory resources.
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Ontario Securities Commission Provides Six-Year Funding To FAIR Canada
Date 27/11/2024
The Ontario Securities Commission (OSC) is announcing it will provide funding of up to $2 million per year, to a total of $11 million, to FAIR Canada (FAIR) – a national charitable organization dedicated to advancing and promoting the interests of individual investors. This new funding arrangement will provide a stable source of funding for FAIR for the next six years.
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ISDA Letter To FASB On Hedge Accounting Improvements
Date 27/11/2024
On November 25, ISDA submitted a comment letter to the Financial Accounting Standards Board (FASB) in response to its exposure draft (ED) on File Reference No. 2024-ED200, Derivatives and Hedging (Topic 815) – Hedge Accounting Improvements. ISDA supports the FASB’s proposals in the ED and believes it achieves the FASB’s objective of improving the application and relevance of the derivatives and hedging guidance.
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Finansinspektionen: TRS 2 System Closed 4−5 December
Date 27/11/2024
The TRS 2 system will be closed for maintenance Wednesday, 4 December and Thursday, 5 December 2024.
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360T Has Partnered With Sailing Team Malizia And Their Skipper Boris Herrmann
Date 27/11/2024
Boris Herrmann is currently racing the famous Vendée Globe 2024-2025, a single-handed, non-stop and non-assisted round-the-world sailing race that takes place every four years. He and his Team Malizia are also set to join The Ocean Race Europe 2025 in August. Team Malizia uses its platform to champion climate action and marine conservation by contributing to science with the collection of important Ocean Data during the races and contribute to scientific research. The partnership between 360T and Team Malizia is built on shared values and commitment to excellence, teamwork, and innovation.
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BIS And Central Bank Of Brazil Announce Winners Of G20 TechSprint
Date 27/11/2024
- Fifteen shortlisted teams from around the world competed to develop innovative technological solutions to address sustainable finance challenges related to the United Nations Sustainable Development Goals (SDGs).
- Solutions aim to stimulate the widespread adoption and scaling of nature-based solutions; enhance environmental, social and governance (ESG) data reporting; and accelerate progress towards SDGs.
- The winning teams are Ekonavi, Tese and Kaleidofin.
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EU Banks Continue To Meet Their MREL, Still 21 Banks In Their Transition Period Report A Shortfall
Date 27/11/2024
The European Banking Authority (EBA) today published its Q2 2024 quarterly Dashboard on minimum requirement for own funds and eligible liabilities (MREL), which discloses aggregated statistical information for 339 banks earmarked for resolution across the European Union and for which EBA has received data about both decision and resources. For the first time, the Dashboard also includes the list of entities covered. All banks meet their MREL requirements in line with the Bank Recovery and Resolution Directive (BRRD) deadline of 1 January 2024, with the exception of 21 banks, still in their transition period that report a shortfall. The amount of instruments becoming ineligible over the next year for the sample reached EUR 220bn, which appears manageable.