News Centre

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The June 13-14 FOMC Meeting

Date 14/06/2023

The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the June 13-14 meeting.

Transaction Share Volumes On NGX Hit 2.5bn In Two Days As Market Cap Hits N32trn Mark

Date 14/06/2023

President Bola Tinubu’s policies appear to be having a ripple effect on Nigeria’s economy and it is no surprise that the capital market – the barometer of the economy is having a positive outing again this week.

ASEA Eyeing AELP Phase II Roll-Out By Q3 2023

Date 14/06/2023

• This will boost increased participation in investments – SEC, NGX
• Local currency payment to reduce pressure on country’s reserves – PAPSS

EBA Updates List Of Risk Indicators And Analysis Tools

Date 14/06/2023

The European Banking Authority (EBA) published today an updated list of indicators for risk assessment and risk analysis tools, together with the accompanying methodological guide. Without adding any reporting burden neither on reporting institutions nor on competent authorities, this guidance describes how risk indicators are computed in EBA publications. It will allow competent authorities and users of EBA data to interpret key bank figures in a consistent fashion when conducting their risk assessments and analyses.

Remarks At The Small Business Advisory Committee Meeting, SEC Commissioner Jaime Lizárraga, Washington D.C., June 14, 2023

Date 14/06/2023

Good morning, and thank you, Amy, for that introduction. It is a pleasure to welcome the new members of the Committee. [1] Today, you take on the important responsibility of advising the Commission on small business capital formation.

Remarks To The Small Business Capital Formation Advisory Committee, SEC Commissioner Mark T. Uyeda, Washington D.C., June 14, 2023

Date 14/06/2023

Thank you, Amy [Reischauer]. Good morning everyone. I would like to welcome the fourteen new members of the committee and thank you in advance for your contributions towards creating a regulatory structure that allows small businesses and smaller public companies to raise necessary capital, while at the same time, protecting their investors. I would also like to thank Donnel Baird and Sue Washer, as well as the committee’s representatives from the Commission’s Investor Advocate, NASAA, the Small Business Administration, and FINRA, for their continued service on the committee.

EBA Issues Opinion In Response To The European Commission’s Proposed Amendments To The Draft Technical Standards On Crowdfunding Service Providers

Date 14/06/2023

The European Banking Authority (EBA) published today an Opinion on the amendments proposed by the European Commission to the EBA final draft Regulatory Technical Standards (RTS) on requirements on credit scoring of crowdfunding projects, pricing of crowdfunding offers, and risk management policies and procedures. In the Opinion, while accepting the change proposed by the Commission on the treatment of personal data, the EBA notes the importance of ensuring that crowdfunding providers can access historical data to improve the assessment of creditworthiness and the performance of their scoring models.

Federal Trade Commission Acts To Stop Real Estate And Online Commerce Coaching Scheme ‘Ganadores’ Targeting Spanish-Speaking Consumers With Brazen Money-Making Pitches -Federal Court Temporarily Halts Alleged Unlawful Conduct, Freezes Assets; Defendants Previously Worked For Similar Operations Targeted By FTC

Date 14/06/2023

In response to an action filed by the Federal Trade Commission, a federal court has entered a temporary restraining order against the operators of a Florida-based business opportunity and real estate investment training scheme known as Ganadores Online and Ganadores Inversiones Bienes Raíces. The FTC charges that the companies behind Ganadores, their owners, and key employees targeted Spanish-speaking consumers with brazen and false money-making pitches for online businesses and real estate investments.

Prepared Remarks Before The Small Business Capital Formation Advisory Committee By SEC Chair Gary Gensler

Date 14/06/2023

Good morning, everyone. It’s a pleasure to speak with the Small Business Capital Formation Advisory Committee. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.

Remarks By Deputy Secretary Of The Treasury Wally Adeyemo At Roundtable On Expanding Access To Capital For Minority Entrepreneurs And Small Business Owners

Date 14/06/2023

Today, Deputy Secretary of the Treasury Wally Adeyemo participated in a roundtable on expanding access to capital for minority entrepreneurs and small business owners with representatives from the U.S. Department of Commerce and the Office of the Vice President. During the roundtable, Deputy Secretary Adeyemo discussed the Treasury Department’s State Small Business Credit Initiative and strategies for using public-private partnerships as force multipliers for investments in underserved businesses and entrepreneurs.