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Press Conference By ASO Taro, Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services - Juhachi-Shinwa Bank Being Launched In Nagasaki Prefecture

Date 28/10/2020

(Excerpt)

(Tuesday, September 29, 2020, 11:26 am to 11:37 am)

[Questions and answers:]

Q.

On October 1, the Juhachi-Shinwa Bank will be launched in Nagasaki Prefecture. The goal is to revitalize the local economy in the face of a declining population by merging regional banks in the prefecture. However, there is also concern about the impact on service such as rising interest rates and other factors because the bank will have a market share as high as 70%. Please let us know your expectations of the new bank and how you expect it will deal with this issue.

Appointment Of New Governor Of Japan Exchange Regulation

Date 28/10/2020

The JPX hereby announce that Japan Exchange Regulation has appointed a new Governor at its extraordinary general meeting held today. Details are as follows:

• Japan Exchange Regulation - Governor Okada Joji

SIFMA Statement On The Securing A Strong Retirement Act Of 2020

Date 27/10/2020

SIFMA today issued the following statement from President and CEO Kenneth E. Bentsen, Jr. on the Securing a Strong Retirement Act of 2020, which was introduced today:

“The American retirement system has helped millions of Americans prepare for a secure lifestyle post-employment. Securing a Strong Retirement Act of 2020 takes important steps toward enhancing the private retirement system and increasing retirement savings. In particular, we are pleased the bill includes provisions that will incentivize small business to offer retirement plans, enable older Americans to save more and hold on to their savings longer, and allow matching contributions for student loan payments. We commend Chairman Richard Neal and Ranking Member Kevin Brady for their long-standing commitment to expanding retirement savings and retirement security for all Americans.”

BOX Exchange Reminder: SOLA® Protocol Version Decommissioning

Date 27/10/2020

BOX Exchange (“BOX”) previously distributed IC-2020-12 to announce the decommissioning of certain SOLA® protocol versions in Q3 2020.

Office Of The Comptroller Of The Currency Issues True Lender Rule

Date 27/10/2020

The Office of the Comptroller of the Currency (OCC) today issued a rule that determines when a national bank or federal savings association (bank) makes a loan and is the “true lender,” including in the context of a partnership between a bank and a third party.

Fiserv Reports Third Quarter 2020 Results

Date 27/10/2020

• GAAP revenue growth of 21% in the quarter and 79% year to date;
• GAAP EPS increase of 18% in the quarter and decrease of 31% year to date;
• Internal revenue growth of 3% in the quarter and flat year to date;
• Adjusted EPS increase of 19% in the quarter and 11% year to date;
• Operating cash flow of $1.04 billion in the quarter and is up 83% to $2.96 billion year to date;
• Free cash flow of $939 million in the quarter and is up 13% to $2.59 billion year to date;
• Company raises full year 2020 adjusted EPS growth outlook to at least 11%

SEC Division Of Corporation Finance Director Bill Hinman Announces Intention To Conclude His Tenure Later This Year

Date 27/10/2020

The Securities and Exchange Commission today announced that William H. Hinman, Director of the SEC’s Division of Corporation Finance, plans to leave the SEC later this year.

ESMA Adds UK Venues To Opinions On Third-Country Trading Venues

Date 27/10/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated the list of third-country venues (TCTV) in the context of the opinions on post-trade transparency and position limits under MiFID II and MiFIR.

Statement On Tenure Of William Hinman As Director Of The Division Of Corporation Finance, SEC Chairman Jay Clayton, Oct. 27, 2020

Date 27/10/2020

Today, Bill Hinman announced his intention to conclude his tenure at the Commission. Bill’s contributions to the Division of Corporation Finance and the Commission more broadly are remarkable in their breadth and substance. During his tenure, the Division has moved forward nearly fifty proposed or final rules, concept releases or interpretive releases, each intended to improve our time-tested regulatory framework for the benefit of investors and our capital markets more generally.

ESMA Updates Statement To Address Credit Ratings From The United Kingdom

Date 27/10/2020

Today ESMA, the EU’s securities markets regulator, has published an update to its March 2019 statement on the endorsement of credit ratings from the United Kingdom.