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"Inflation & Expectations" - Opening Remarks By Mr Edward S Robinson, Deputy Managing Director (Economic Policy) & Chief Economist, Monetary Authority Of Singapore, At The Seminar On Inflation And Cost Of Living In Singapore And Asia On 29 April 2021

Date 29/04/2021

Introduction

1.      Thank you for inviting the MAS to join this virtual webinar and live discussion on “Inflation and Cost of Living”, a joint initiative of the Sim Kee Boon Institute for Financial Economics, the IMF Institute and DBS Bank. It is encouraging that academia, industry and an intergovernmental organisation have come together on an important issue of common concern.  

EBA Consults On Draft Technical Standards Specifying How To Identify The Appropriate Risk Weights And Conditions When Assessing Minimum LGD Values For Exposures Secured By Immovable Property

Date 29/04/2021

The European Banking Authority (EBA) published today a consultation paper on a draft Regulatory Technical Standards specifying the types of factors to be considered for the assessment of appropriateness of risk weights and the conditions to be taken into account for the assessment of appropriateness of minimum loss given default (LGD) values for exposures secured by immovable property. The consultation runs until 29 July 2021.

DGCX Signs MoU With Global Islamic Financial Services Firm To Promote Shari’ah Contracts

Date 29/04/2021

• Global Islamic Financial Services Firm (GIFS) to collaborate with DGCX to develop Islamic future contracts and products
• MoU will promote DGCX’s Shariah gold contract and expand the provision of innovative, market-leading services and products in adherence to Islamic finance principles

The European Banking Authority Launches Public Consultation To Enhance Proportionality In Liquidity Reporting

Date 29/04/2021

The European Banking Authority (EBA) launched today a public consultation on its draft Implementing Technical Standards (ITS) on supervisory reporting with respect to Additional Liquidity Monitoring Metrics (ALMM). Following the mandate laid down in the revised Capital Requirements Regulation (CRR2), the EBA is proposing to introduce some proportionality considerations in ALMM reporting for small and non-complex institutions. Additional amendments to the templates are introduced with the aim of streamlining reporting requirements, filling in data gaps and further clarifying the reporting instructions.

International PolyPeptide Group Chooses SIX For Its IPO

Date 29/04/2021

Today, PolyPeptide Group AG (Ticker "PPGN"), a global leader in peptide development and manufacturing, listed its shares on the Swiss Stock Exchange. The opening price was CHF 72.50 per share, resulting in a market capitalization of CHF 2.4 billion.

EBA Consults On Draft Guidelines On The Delineation And Reporting Of Available Financial Means Of Deposit Guarantee Schemes

Date 29/04/2021

• The proposed Guidelines aim to improve consumer confidence in financial stability throughout the EU by establishing a more harmonised approach to funding DGSs and increase transparency and comparability of the financial position of DGSs.
• The EBA proposes to delineate clearly that only funds contributed by credit institution to the ex-ante funds of DGSs will count towards reaching the target level of said funds.
• The EBA proposes to expand the current reporting requirements from DGSs to the EBA and to publish more information about DGS funding on the EBA website.

Euronext Today Completes The Acquisition Of The Borsa Italiana Group And Publishes Q1 2021 Results

Date 29/04/2021

• Euronext today completes the acquisition of the Borsa Italiana Group for a final consideration of €4,444 million, following the satisfaction of all condition precedents
• Creation of the leading pan-European market infrastructure and the leading venue in Europe for listing and secondary markets for both debt and equity financing
• Addition of significant capabilities in fixed income trading and enhanced post-trade activities, including a multi-asset clearing house and a significant CSD
• Integration process has begun with governance structure established and integration plan being developed further
• CDP Equity and Intesa Sanpaolo now join the Euronext Reference Shareholders through the subscription to a private placement for €579 million, with long-term commitment to support the Group’s growth ambitions
• Group-level governance in line with Euronext’s federal model, with one independent Italian Supervisory Board member, to become the next Chairman of the Supervisory Board, and one Supervisory Board member representing CDP Equity, as representative of the Reference Shareholders, to be proposed at the Annual General Meeting of Shareholders on 11 May 2021
• Strong start to the year with Q1 2021 revenue at €249.2 million up +5.2%, despite lower volatility and volumes compared to an exceptional market environment in Q1 2020, EBITDA at €148.7 million, like-for-like EBITDA margin at 61.5% and adjusted EPS at €1.53, up +6.3%

LSEG To Complete Divestment Of Borsa Italiana Group To Euronext

Date 29/04/2021

London Stock Exchange Group plc (“LSEG” or the “Company”) notes the announcement from Euronext N.V. (“Euronext”) and confirms that it expects to close the divestment of London Stock Exchange Group Holdings Italia S.p.A. and its business (the “Borsa Italiana Group”) to Euronext for a total cash consideration of €4,443,860,471 today.  

Crypto Finance Group Connects To BSDEX As A Liquidity Provider - Swiss Financial Intermediary Crypto Finance Group Joins Boerse Stuttgart Group’s Ecosystem For Digital Assets As An Institutional Participant

Date 29/04/2021

Crypto Finance Group has connected to Boerse Stuttgart Digital Exchange (BSDEX) as an institutional participant through its trading subsidiary, Crypto Broker AG. As a liquidity provider at Germany’s first regulated trading venue for digital assets, Crypto Broker AG provides buying and selling prices – initially for the Bitcoin-Euro pair, with cryptocurrencies Ethereum, Litecoin and XRP soon to follow. BSDEX is operated in accordance with Section 2, paragraph 12 of the German Banking Act (Kreditwesengesetz) as a multilateral trading facility by Baden-Wuerttembergische Wertpapierbörse GmbH, which also is the operating company for the public stock exchange in Stuttgart.

HKEX Celebrates Third Anniversary Of New Listing Regime

Date 29/04/2021

• 61% of HKEX IPO funds raised from New Economy listings in past three years
• Hong Kong has become Asia’s largest and the world’s second largest biotech fundraising hub, with 31 pre-revenue biotech companies listings
• 13 new homecoming listings welcomed, raising a total of HK$285.8 billion