News Centre

Bank Of Japan Review Supervisory Simultaneous Stress Testing Based On Common Scenarios

Date 17/12/2020

This paper outlines the supervisory simultaneous stress testing based on common scenarios, an exercise newly started by the Bank of Japan and the Financial Services Agency, describing its background, differences in the institutional arrangements from the United States and Europe, and the role of benchmarking and horizontal reviews.

Hong Kong Securities And Futures Commission: Cross-Agency Steering Group Launches Its Strategic Plan To Strengthen Hong Kong’s Financial Ecosystem To Support A Greener And More Sustainable Future

Date 17/12/2020

The Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) announced today (17 December 2020) its green and sustainable finance strategy for Hong Kong and five key action points.

Shanghai Stock Exchange Revises And Issues Rules For Issuance And Listing Review Of Stocks On SSE STAR Market And Measures For Administration Of SSE STAR Market Listing Committee

Date 17/12/2020

In order to implement the requirements of the new Securities Law, continue to propel the reform in the pilot program of the registration-based IPO system for the Sci-Tech Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE), further standardize and enhance the work in issuance and listing review, and improve the quality of listed companies from the source, with the approval of the China Securities Regulatory Commission (CSRC), the SSE issued today the newly revised Rules of Shanghai Stock Exchange for Issuance and Listing Review of Stocks on the SSE STAR Market (the "Review Rules" for short) and the Measures of Shanghai Stock Exchange for Administration of the SSE STAR Market Listing Committee (the "Administration Measures for Listing Committee" for short).

Shenzhen Stock Exchange Spokesperson Answers Reporters’ Questions On Revision Of Relevant Business Rules Concerning Delisting

Date 17/12/2020

To earnestly implement the Opinions of the State Council on Further Improving the Quality of Listed Companies and the Implementation Plan for Refining the Delisting Mechanism of Listed Companies and further deepen the reform of the delisting system, SZSE has revised relevant business rules including the Rules Governing Share Listing on SZSE, Rules Governing the Listing of Shares on the ChiNext Market of SZSE, Trading Rules of SZSE and Implementation Measures of SZSE for the Re-listing of Delisted Companies, and has solicited public opinions. SZSE spokesperson has answered questions of market concern from reporters.

Market Cap Segment Review At Nasdaq Nordic Exchanges

Date 17/12/2020

Nasdaq (Nasdaq: NDAQ) reports that the annual review of its Nordic market capitalization (market cap) segments is completed. The revision is based on the average market cap value in November 2020. Together with indexes and sector classifications, the market cap segmentation is a tool to increase visibility for companies listed on Nasdaq’s exchanges in Stockholm, Helsinki, Copenhagen and Iceland.

Moscow Exchange: Risk Parameters Change For The Security RU000A1002U4

Date 17/12/2020

As per the Securities market risk parameters methodology, on 17.12.2020, 10-13 (MSK) the upper bound of the price band (up to 110.96) and initial margins (up to 11.25 %) for the security RU000A1002U4 were changed. New values are available here

Monetary Authority Of Singapore Announces Further Extension Of The US$60 Billion Swap Facility With The US Federal Reserve And The MAS USD Facility

Date 17/12/2020

The Monetary Authority of Singapore (MAS) announced today the further extension of the US$60 billion swap arrangement with the US Federal Reserve (Federal Reserve) through 30 September 2021. The MAS USD Facility will also be extended to 30 September 2021, offering up to US$60 billion of funding to banks, to facilitate USD lending to businesses in Singapore and the region.

ASIC Review Of 30 June 2020 Financial Reports

Date 17/12/2020

ASIC today announced the results from its review of the financial reports of 170 listed entities (and other public interest entities with larger numbers of users of their reports) for the year ended 30 June 2020. The review was conducted as part of ASIC’s ongoing risk-based reviews of financial reports.

SEC Adopts Clearing Agency Rule To Limit Potential For Overlapping Or Duplicative Regulation

Date 16/12/2020

The Securities and Exchange Commission today announced that it has adopted a rule to limit the potential for overlapping or duplicative regulation within its security-based swap regulatory regime. Specifically, the rule exempts certain activities of security-based swap execution facilities and security-based swap dealers from triggering the requirement also to register as a clearing agency, in line with similar exemptions for broker-dealers and national securities exchanges.

SIFMA Statement On Transition From LIBOR To Alternative Rates And ARRC Model Law For New York State

Date 16/12/2020

SIFMA today issued the following statement from SIFMA president and CEO Kenneth E. Bentsen, Jr. on the transition from LIBOR to alternative rates, in support of the letter from the ARRC on its model law for New York State:

“The transition from LIBOR to alternative rates is a top priority for the financial services industry. SIFMA supports market, legislative and regulatory efforts to ensure a smooth transition, while avoiding market disruption and legal uncertainty.  We continue to work as part of the Alternative Reference Rate Committee on issues such as resolution of legacy transactions, development of a term rate, and socialization in the cash markets.  Notably, the ARRC developed a model law for New York to help transition ‘tough legacy’ contracts that are difficult or practically impossible to amend, which SIFMA fully supports and urges New York to pass."