News Centre

EBA Updates Timeline For The Implementation Of The IRB Roadmap And Publishes Its Final Supervisory Handbook For The Validation Of IRB Rating Systems

Date 07/08/2023

The European Banking Authority (EBA) today updated its roadmap for the implementation of internal ratings based (IRB) model requirements to limit compliance costs for institutions. The EBA also published its final supervisory handbook for the validation of internal ratings based (IRB) rating systems to clarify the role of the validation function as part of corporate governance.

DGCX Monthly Bulletin - July 2023

Date 07/08/2023

In July 2023, 54,592 contracts were traded on DGCX with a total value of USD 8.18 billion and an average Open Interest of 112,356.

HPS Opens A New Office In Canada

Date 07/08/2023

HPS, a leading multinational leader in electronic payment solutions and services, is setting up in Montreal to support the modernization of the payment activity of one of the main Canadian banks. This first establishment in North America is an important step in the acceleration of HPS Group activities in Canada and the United States over the coming years.

BaFin: Capital Investments Offered By Life Forestry Switzerland AG: Evidence Indicates No Prospectus Published

Date 07/08/2023

The Federal Financial Supervisory Authority (BaFin) has reason to believe that Life Forestry Switzerland AG, whose registered office is in Stans, Switzerland, is offering capital investments called “Premium Wood – Land Lease” to the public. Specifically, these offers concern opportunities to invest in a teak wood plantation. The company has not published a prospectus for this product. This constitutes a violation of section 6 of the German Capital Investment Act (Vermögensanlagengesetz – VermAnlG).

The EBA Is Collecting Bank Data On Interest Rate Risk In The Banking Book

Date 07/08/2023

• The EBA will collect on an ad-hoc basis interest rate risk in the banking book (IRRBB) data from the institutions already participating in the quantitative impact study (QIS) exercise and based on the templates from the final draft Implementing Technical Standards (ITS) on IRRBB reporting.
• This collection, with reference date end December 2023, will provide competent authorities with data to monitor, in a timely manner, the implementation of this IRRBB policy package in the current environment of high inflation combined with growing interest rates. 

BETTER FINANCE: Diluted European Sustainability Reporting Standards Raise Greenwashing Concerns

Date 07/08/2023

The European Commission has issued the Delegated Act on the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD) to enhance transparency in sustainability reporting by companies. However, it faces criticism for weakening key aspects of the initial proposal by the European Financial Reporting Advisory Group (EFRAG) and neglecting vital concerns.

Borsa Istanbul: Announcement On The Changes To The BIST Market Cap Weighted Stock Indices Methodologies

Date 07/08/2023

Click for the Announcement

UK Payments Regulation And The Systemic Perimeter: Consultation And Call For Evidence

Date 07/08/2023

Detail of outcome

SET Market Report For July 2023

Date 07/08/2023

Economists expected July’s meeting would be the Federal Reserve (Fed)’s last rate hike of the current tightening cycle after headline inflation fell to 3 percent in June. The odd of US recession remains high, albeit in a declining trend, while the insignificant increase in unemployment rate propels risk assets. For China, economic growth of the world’s second largest economy was well below economists’ forecast. China’s export and manufacturing slump compelled the People's Bank of China to cut policy rate and the government to launch the stimulus measures aiming to boost consumption in automotive, property and service sectors which could bode well to Thai listed companies in the future.

Monetary Authority Of Singapore Commits Up To S$150 Million For Technology And Innovation In Financial Sector

Date 07/08/2023

The Monetary Authority of Singapore (MAS) today announced that it will commit up to S$150 million over three years under the renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0). FSTI 3.0 seeks to accelerate and strengthen innovation by supporting projects that involve the use of cutting-edge technologies or with a regional nexus, while doubling down on MAS’ commitment to promote a vibrant technology ecosystem for the financial sector.