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Mastercard Leads The Payments Industry Forward To A More Sustainable Future - Directory Of Sustainable Card Materials And Vendors Now Available - 60+ Financial Institutions Have Issued Cards Made From Recyclable, Bio-Sourced, Chlorine-Free, Degradable And Ocean Plastics

Date 22/07/2020

More than three quarters of people say they are “very concerned” about the environment and feel companies should be doing more to address their impact on the planet. As consumers look for ways to help tackle climate change through their own positive actions, many are limiting their use of single-use plastics. To address this growing concern, Mastercard has worked with global industry players to develop a sustainable card program for all card issuers globally.  A new directory of sustainable materials and vendors for card products aims to make sustainable choice the preferred option for all financial institutions worldwide and drive enhanced innovation. 

Two Solactive Fixed Income And Equity Indices Underline Amundi’s Expansion Of Prime ETF Range

Date 22/07/2020

In 2019, Europe’s largest asset manager, Amundi, released its Amundi Prime ETF series, ensuing from a long-term trend of asset managers slashing fees for plain vanilla benchmark-tracking ETFs. Following the success of its then established Prime range, Amundi decided to once again engage Solactive for the expansion of the ETF series with a Fixed Income and Equity ETF tracking US treasury bonds and UK Small and Mid Caps (ex-investment trust), respectively.

Japan’s Financial Services Agency: Partial Revision Of The "Reference Cases", Etc. Regarding The "Independent Agent Exemption" Of Fund Managers

Date 22/07/2020

Under the amendment to the Cabinet Office Ordinance on Definitions under Article 2 of the Financial Instruments and Exchange Act, a foreign investment manager who has difficulty in continuing its business in the foreign country can continue the business temporarily in Japan based on an approval by the commissioner of the FSA.

Emirates NBD Rings Market-Opening Bell To Celebrate Listing Of USD 750 Million Bond On Nasdaq Dubai

Date 22/07/2020

• Capital raised will support banking group’s activities as UAE rises to challenge of COVID-19
• Bank is largest financial services bond issuer on the exchange with six issuances listed valued at 4.1 billion dollars
• Listing underlines Dubai’s stature as largest venue in Middle East for USD debt listings at 84.3 billion dollars

Shanghai Gold Exchange: Notification On Market Risk Control Of Ag(T+D)

Date 22/07/2020

Because of the large fluctuation of intraday silver price, Ag(T+D) contract has already hit its price limit, according to the “Measures for the Administration of Risk Control of Shanghai Gold Exchange”, SGE is going to make adjustments on Ag (T+D) contract’s margin rate and price limit, please find the details below:

SETL Supports IZNES In BdF CBDC Experiment

Date 22/07/2020

London based blockchain company, SETL, is supporting the IZNES consortium in the BdF experiment with CBDC. The consortium comprises IZNES, SETL, Citi, Caceis, and DXC.

The World Federation Of Exchanges Calls To Address Development Of Global Stablecoins With A Taxonomy -- And To Include Crypto-Assets

Date 22/07/2020

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, called for a response to the growth of stablecoins by developing a common taxonomy that would also cover crypto-assets more broadly. This would create consistent and common regulatory classifications before they fragment further, rather than trying to fix differences after the fact.

BNP Paribas Asset Management Appoints Steven Billiet As Head Of APAC

Date 22/07/2020

BNP Paribas Asset Management (‘BNPP AM’) announces the appointment of Steven Billiet as Head of Asia Pacific, with effect from 8 August 2020.  He succeeds Ligia Torres, who is retiring from the firm and will return to Europe in August.

Raiffeisenbank Becomes The First International Participant Of AIX CSD For The Provision Of Custody Services

Date 22/07/2020

Raiffeisenbank has become a Participant of the Astana International Exchange Central Securities Depositories (AIX CSD), thereby allowing international institutional investors to hold their assets at the AIX CSD under the bank’s custody.

ASIC Will Not Appeal Federal Court Decision On Westpac’s ‘Responsible Lending’ Obligations

Date 22/07/2020

ASIC will not seek special leave to appeal to the High Court in the Westpac ‘responsible lending’ matter, following the full Federal Court’s 2-1 decision to reject its earlier appeal (20-149MR ASIC’s responsible lending appeal dismissed by Full Federal Court).