News Centre

BIS: Banks' Dividends In Covid-19 Times

Date 11/05/2020

Highlights

• Regulatory actions in the current circumstances need to focus on preserving banks' lending activity without jeopardising their solvency. This means that flexibility in capital requirements, including through the use of regulatory buffers, and capital conservation should go hand in hand.
• Basel III provides for automatic distribution constraints when capital falls below specific thresholds. In the current context, this may disincentivise firms from following authorities' recommendations to use capital buffers.
• Blanket distribution restrictions imposed through supervisory action may help address these disincentives to the extent that they are not linked to firms' individual capital positions and thus remove any possible stigma effect.
• Most authorities have undertaken initiatives in relation to banks' distribution policies in the Covid-19 pandemic environment. However, practices across jurisdictions diverge markedly as regards scope and stringency.

Shanghai International Energy Exchange Co., Ltd Approves Sinochem-Hongrun Oil Staging (Weifang) Co.,Ltd To Increase Active Storage Capacity For Crude Oil Futures

Date 11/05/2020

Shanghai International Energy Exchange Co., Ltd, subsidiary of Shanghai Futures Exchange，has released the Notice on the Approval of Sinochem-Hongrun Oil Staging (Weifang) Co.,Ltd to Increase Active Storage Capacity for Crude Oil Futures on May 8, 2020. It has approved the active storage capacity of Sinochem-Hongrun Oil Staging (Weifang) Co.,Ltd, located on North of BoHai Street，West of HaiFeng Road，Production Industrial Zone Binhai Economic Developing District，Weifang, Shandong Province, to be increased from 2,000,000m3 to 3,000,000 m3, with an approved storage capacity of 5,000,000 m3. The premium is 3 RMB yuan per barrel for the area where the depot is located.

BIS: On The Instability Of Banking And Other Financial Intermediation

Date 11/05/2020

Focus

Are banks, or financial intermediaries more generally, inherently unstable and prone to volatility? Historically, even some of the staunchest proponents of laissez-faire such as Milton Friedman have viewed banking as inherently unstable and hence requiring government intervention.

Statement By European Commission President Von Der Leyen

Date 10/05/2020

The recent ruling of the German Constitutional Court put under the spotlight two issues of the European Union: the Euro system and the European legal system.

Tehran Stock Exchange Bulletin - April 2020

Date 10/05/2020

Click here to download Tehran Stock Exchange's bulletin for April 2020.

The Egyptian Exchange Launches A New Index "EGX 100 EWI" To Diversify The Market Performance Measurement Tools

Date 10/05/2020

The Egyptian Exchange has launched the EGX100 Equal Weight Index (EWI) replacing EGX100. The EGX 100 EWImeasures the performance of the best 100 companies on the EGX in terms of liquidity and activity including EGX30 and EGX70 EWI constituents.

Securities Commission Malaysia: Court Grants Order To Freeze Rm169 Million Of Ricky Wong's Assets

Date 10/05/2020

The Kuala Lumpur High Court had on 8 May 2020, granted an interim Order for the Securities Commission Malaysia (SC) to freeze the assets of, among others, Wong Shee Kai (Ricky Wong), who is currently still at-large. The Order stems from the SC’s suit against the defendants in relation to securities fraud offences involving Bright Packaging Industry Berhad under Section 179 of the Capital Markets and Services Act 2007 (CMSA).

Qatar Stock Exchange Listed Companies Reported QR 8.3 Billion Net Profits The 1st Quarter Of 2020

Date 10/05/2020

All of Qatar Stock Exchange listed companies (47 listed companies ) have disclosed their financial results for the period ended March 31, 2020. The results show a net profit of QR 8.3 Billion compared to QR 10.5 Billion for the same period last year, the mount shows decrease with 20%.

EBA Launches Updated College Collaboration Platform

Date 09/05/2020

The European Banking Authority (EBA) launched an updated version of its online collaboration platform enabling the joint work and sharing of information between authorities involved in supervision and resolution of cross-border banking groups. Thanks to its enhanced functionalities, the updated college platform facilitates the operation of the colleges and ensures high security standards.

The Amman Stock Exchange Issues A Circular To Its Members Regarding The Resumption Of Trading Tomorrow, Sunday 10 May 2020

Date 09/05/2020

The CEO of the Amman Stock Exchange (ASE), Mazen Wathaifi, issued a circular to the members of the ASE, in which he clarified the procedures related to the trading session decided by the ASE Board of Directors to resume trading on Sunday 10 May 2020.