News Centre

Nigerian Stock Exchange Weekly Market Report For May 29th 2020

Date 29/05/2020

It was a brief trading week as the Federal Government of Nigeria declared Monday 25th and Tuesday 26th May 2020 as Public Holidays to mark the end of holy month of Ramadan and commemorate the Eid al-Fitr celebrations.

EBA Sees Considerable Achievements In Supervisory Convergence And Good Level Of Engagement In Supervisory Colleges Across The EU

Date 29/05/2020

The European Banking Authority (EBA) published today its Report on convergence of supervisory practices in 2019. Overall, the Report finds that the key topics for supervisory attention identified in the EBA 2019 convergence plan have been largely implemented in supervisory work across the EU. The Report is part of the EBA’s work to actively foster and promote supervisory convergence across the Union in order to bring about strong supervisory standards and a common supervisory culture.

NSE Indices Index Dashboard For The Month Ended May 2020

Date 29/05/2020

Click here to download the ' Index Dashboard' for the month ended May 2020.

EBA Consults On Draft Amended Technical Standards On Own Funds And Eligible Liabilities

Date 29/05/2020

The European Banking Authority (EBA) published today a Consultation Paper on the draft amended Regulatory Technical Standards (RTS) on own funds and eligible liabilities. Since their entry into force, the RTS on own funds have significantly enhanced regulatory harmonisation of prudential rules and contributed to strengthening the quality of regulatory capital. With the revised Capital Requirements Regulation (CRR) introducing new criteria and requirements for eligible liabilities, these amended RTS capture several aspects of eligible liabilities as well as the changes to the own funds framework. The consultation runs until 31 August 2020.

ESMA’s Supervisory Coordination Network Concludes Its Work

Date 29/05/2020

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today announces the finalisation of the work of the Supervisory Coordination Network (SCN).

EBA Seeks To Future Proof Loan Origination Standards Taking Into Consideration Significant Transition Periods To Facilitate Implementation

Date 29/05/2020

• The EBA’s Guidelines are vital to strengthening lending standards and asset quality in the future.
• The Guidelines bring together prudential standards and consumer protection obligations along with AML and ESG considerations.
• The EBA’s expectations for improved creditworthiness assessments apply to all banks offering loans to consumers, SMEs and corporates and to other creditors offering loans to consumers.
• The EBA strikes a balance between the needs for banks to focus on core operations today whilst strengthening future lending, by introducing transitional arrangements for renegotiated loans to June 2022.

BME Admits A 52 Million-Euros Health And Social Bond From The Madrid Region

Date 29/05/2020

• It is the first bond issued by a Public Administration to finance the fight against Covid-19
• The seventh bond issue linked to social or sustainable objectives carried out by the Madrid region in this BME market
• There are eight sustainable, green or social bonds registered so far this year

MAS Registered RF Fund Management Secured Inaugural VCC Incorporation Strategic Milestone - Following Approval Of MAS Status, RF Fund Management Announces Its Inaugural Private Equity Vehicle, RF Transformation Fund VCC For The Digital Economy Spurring Global Investment Innovation

Date 29/05/2020

Singapore's Monetary Authority of Singapore (MAS) registered RF Fund Management, a subsidiary of RF International Holdings, has unveiled following approval of MAS status that the Accounting and Corporate Regulatory Authority (ACRA) has confirmed its RF Transformation Fund VCC has been incorporated under section 16(4) of the Variable Capital Companies (VCC) Act on 26th May 2020 as an umbrella VCC.

Fiserv To Present At Baird’s 2020 Global Consumer, Technology & Services Virtual Conference

Date 29/05/2020

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today that Jeffery Yabuki, Chairman and Chief Executive Officer, and Frank Bisignano, President and Chief Operating Officer, will present at the Baird Global Consumer, Technology & Services Virtual Conference on June 2, 2020 at 9:05 a.m. ET.

Chicago Business Barometer™ – Tapered To 32.3 In May

Date 29/05/2020

Key Points – May Report

The Chicago Business BarometerTM, produced with MNI, fell to 32.3 in May, hitting the lowest level since March 1982, as business confidence cooled further amid the Covid-19 crisis.