News Centre

HKEX To Introduce FINI, Modernising Hong Kong’s IPO Settlement Process

Date 06/07/2021

• Overwhelming support for FINI proposals to modernise and streamline Hong Kong’s IPO settlement process
• T+2 IPO settlement cycle to be adopted, expected to launch in the fourth quarter of 2022, at the earliest
• Updated FINI operating model reflects wishes from all key groups of IPO market participants

Caixa And Fiserv Complete First Merchant Transaction Via Maquininha CAIXA Pagamentos - Partnership Signed In April 2021 Has First Transaction Carried Out Today In City Of Samambaia (DF)

Date 05/07/2021

Caixa Econômica Federal (“CAIXA”) and Fiserv, Inc (NASDAQ: FISV), a leading global provider of payments and financial services technology, today completed the first payment transaction for a merchant as part of the companies’ recently signed merchant acquiring services agreement. The transaction was completed via the Caixa-branded point-of-sale terminal, “Maquininha CAIXA Pagamentos.”

ISDA Submits Letter On Amendments To IFRS Foundation Constitution

Date 05/07/2021

On July 5, ISDA submitted a letter to the IFRS Foundation in response to its proposed targeted amendments to the IFRS Foundation Constitution to accommodate an International Sustainability Standards Board to set IFRS sustainability standards. ISDA recognizes that financial reporting alone does not provide investors and other stakeholders with a full enough picture of enterprise value and it is desirable to have consolidation of existing frameworks, methodologies and metrics for sustainability reporting. ISDA considers the proposal and the establishment of parallel workstreams to be key steps towards ensuring the IFRS Foundation can play an instrumental role in developing globally accepted sustainability reporting standards, leveraging its existing structures, due process and significant experience as a global standard-setter.

EBA Publishes Final Draft Technical Standards To Improve Supervisory Cooperation For Investment Firms

Date 05/07/2021

The European Banking Authority (EBA) published today final draft regulatory technical standards (RTS) and Implementing Technical Standards (ITS) on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms. These draft standards, developed in consultation with the European Securities and Markets Authority (ESMA), provide a solid framework for (i) cooperation in the supervision of investment firm groups through colleges of supervisors and (ii) for information exchange for investment firms operating within the EU through branches or the free provision of services. These draft standards are part of the phase 2 mandates of the EBA roadmap on investment firms, and aim at improving cooperation and information exchanges between the supervisors of investment firms.

Future World Of Work - Speech By Joanna Place, Bank Of England, Chief Operating Officer, Given At The Investment Association

Date 05/07/2021

Jo Place explains how we are changing the way we work at the Bank of England in response to Covid.

Moscow Exchange: Risk Parameters Change For The Security RASP

Date 05/07/2021

As per the Securities market risk parameters methodology, on 05.07.2021, 18-07 (MSK) the upper bound of the price band (up to 257.86) and initial margins (up to 31.25 %) for the security RASP were changed. New values are available here

LIBOR – 6 Months To Go - Keynote Speech By Edwin Schooling Latter, Director Of Markets And Wholesale Policy At The FCA, Delivered At UK Finance's Commercial Finance Week On 5 July 2021

Date 05/07/2021

Highlights

• This month marks 4 years since Andrew Bailey told financial markets they needed to prepare for a world without LIBOR after 2021.
• For the LIBOR panels ending this year the central challenge in the next months is ensuring that all legacy contracts that can be converted are converted.
• The next Working Group on Sterling Risk-Free Reference Rates' milestone for progress on this in sterling markets is end – Q3.
• We all want a good strong finish, not to fade or stumble in the home straight.

BIS: FinTech And Payments: Regulating Digital Payment Services And e-Money

Date 05/07/2021

Improvements in technology, coupled with growing demand for digital payment methods, are increasingly reshaping the way payments are made. Non-bank institutions now offer a wide range of retail payment services. This raises the question of where the regulatory perimeter should be drawn. Financial authorities now face the task of deciding whether the risk profile of different payment services are appropriately reflected in their regulatory frameworks. A sound understanding of the regulatory approaches in other jurisdictions contributes to this assessment.

ACER Consults On The Long-Term Cross-Border Capacity Calculation Methodology For The Core Region

Date 05/07/2021

The EU Agency for the Cooperation of Energy Regulators (ACER) launches today a public consultation on the long-term cross-border capacity calculation methodology (LT CCM) for the Core capacity calculation region (CCR).

Moscow Exchange: Risk Parameters Change For The Securities

Date 05/07/2021

The following risk parameters will be changed: