News Centre

Statement By The Canadian Deputy Prime Minister And Minister Of Finance After Chairing The Five Finance Ministers Meeting

Date 14/04/2023

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, issued the following statement:

“Today I chaired the first in-person meeting of the “Five Finance Ministers” hosted at the U.S. Treasury, which included my counterparts from Australia, New Zealand, the United Kingdom, and the United States."

Monetary Authority Of Singapore Monetary Policy Statement - April 2023

Date 14/04/2023

INTRODUCTION

1.   In October 2022, MAS tightened its monetary policy for the fifth consecutive time within 12 months. The mid-point of the Singapore dollar nominal effective exchange rate (S$NEER) policy band was re-centred up to the then-prevailing level of the S$NEER near the top of the band. There was no change to the slope and width of the band. Although Singapore’s GDP growth was expected to slow, MAS had assessed that a further tightening of monetary policy was needed to help dampen still-elevated inflation and ensure medium-term price stability.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With Deputy Prime Minister And Minister Of Economy And Finance Of The Republic Of Korea Choo Kyung-ho

Date 14/04/2023

Today, Secretary of the Treasury Janet L. Yellen met with Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea Choo Kyung-ho. Secretary Yellen discussed macroeconomic and financial developments, as well as economic security issues and climate-related priorities. Secretary Yellen also underscored the importance of the broader bilateral relationship and looked forward to President Yoon’s upcoming state visit to the United States.

Joint Readout: US- EU - UK Sanctions Evasion Meeting With Private Sector Participants

Date 13/04/2023

On the sidelines of the World Bank Group and International Monetary Fund Spring Meetings, Deputy Secretary of the Treasury Wally Adeyemo; European Commissioner for Financial Stability, Financial Services, and Capital Markets Union Mairead McGuinness; and HM Treasury Director General for International Finance Lindsey Whyte hosted representatives from financial institutions to discuss continued efforts to counter sanctions evasion and combat Russian military procurement in key jurisdictions. The government officials and bank representatives were also joined by Deputy Director of the CIA David Cohen and Deputy Director of National Intelligence Morgan Muir.

Remarks By US Secretary Of The Treasury Janet L. Yellen After Meeting With Prime Minister Of Ukraine Denys Shmyhal

Date 13/04/2023

Prime Minister Shmyhal, it is great to see you again.

When we met in Kyiv in February, it had been just over a year since Russia began its unprovoked, full-scale invasion of your country.

Canadian Securities Regulators Propose Changes To Corporate Governance Disclosure Practices And Guideline

Date 13/04/2023

 The Canadian Securities Administrators (CSA) is seeking public comment on proposed amendments to corporate governance disclosure rules and policy relating to the director nomination process, board renewal and diversity. They would require disclosure on aspects of diversity beyond the representation of women, while retaining the current disclosure requirements with respect to women. In addition, the CSA is proposing changes to the corporate governance policy that would enhance the existing corporate governance guidelines relating to the director nomination process and introduce guidelines regarding board renewal and diversity.

NGX, Stakeholders To Recommend Solutions On Deepening ETFs Market

Date 13/04/2023

Nigerian Exchange Limited (NGX) in collaboration with key capital market stakeholders will be organising a workshop to address the major challenges and opportunities in the Exchange Traded Funds (ETFs) market.

STX Group Announces Innovative €150M Credit Facility As Global Banks Support Energy Transition - STX Secures Innovative Credit Facility Of Up-To EUR 150 Million Backed By Environmental Commodities

Date 13/04/2023

STX Group (STX), a leading global environmental commodity trader and climate solutions provider, has closed an up-to EUR 150 million syndicated borrowing base credit facility to foster the rapid expansion of its business operations. The credit facility, which was comfortably oversubscribed, has the unique quality of being partially secured by a diverse portfolio of environmental commodities. This is the first time the banking system has appreciated the full value of the wide range of environmental commodities as security, which essentially is a necessity for leveling the playing field for the energy transition.

CFTC Chairman Behnam To Discuss Carbon Credit Quality In The Voluntary Carbon Markets In A Fireside Chat At The Bipartisan Policy Center

Date 13/04/2023

ISDA USD LIBOR ICE Swap Rate Future Cessation Guidance – 2021 And 2006 ISDA Definitions

Date 13/04/2023

ISDA has updated the attached guidance for parties to over-the-counter derivative transactions that are affected by the announcement made on November 14, 2022 by the ICE Benchmark Administration relating to the future cessation of all tenors of the USD LIBOR ICE Swap Rate and the announcement made on April 13, 2023 confirming that the USD SOFR Spread-Adjusted ICE Swap Rate will be available for use as a benchmark in financial contracts and instruments from June 30, 2023.