News Centre

Federal Reserve Board Announces That Results From Its Annual Bank Stress Tests Will Be Released On Wednesday, June 28, At 4:30 P.M. EDT

Date 14/06/2023

The Federal Reserve Board announced on Wednesday that results from its annual bank stress tests will be released on Wednesday, June 28, at 4:30 p.m. EDT.

FRCN, ISSB And NGX RegCo Boost Stakeholders’ Capacity On SASB Standards

Date 14/06/2023

In preparation for the standard effectiveness of the International Sustainability Standards Board (ISSB), the ISSB, Financial Reporting Council of Nigeria (FRCN), and NGX Regulation Limited (NGX RegCo), recently organized five webinars to prepare companies for the imminent release of the ISSB’s first two IFRS Sustainability Disclosure Standards, better known as IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information); and IFRS S2 (Climate-related Disclosures).

Federal Reserve Issues FOMC Statement

Date 14/06/2023

Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated.

Nadex Product Schedule For The 2023 US Juneteenth Holiday On Monday, June 19, 2023

Date 14/06/2023

The Exchange will open at its regular time at 6:00pm ET on Sunday evening for trade date Monday, June 19, 2023. The Exchange will list a limited offering of contracts and will close at 5:00pm ET. Contracts will be listed as follows:

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.