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“Harnessing The Power Of Finance For A Sustainable Future”- Keynote Speech By Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, At The Financial Times Investing For Good Asia Digital Conference On 13 October 2020

Date 13/10/2020

I thank the Financial Times for the opportunity to speak on this important topic and to reach out to an audience across the globe.

WHAT HAS COVID-19 TO DO WITH SUSTAINABILITY?

Press Conference By Aso Taro, Japan's Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services - September 25, 2020

Date 13/10/2020

[Questions and answers:]

Q.

I would like to ask about Japan Post Bank. Japan Post Bank announced yesterday that the illegal withdrawals of savings made through the fraudulent use of Docomo accounts and other e-money settlement services had grown to about 60 million yen in total. It also made clear on the 23rd that there had been fraudulent use of mijica debit/prepaid cards. These circumstances call into question the trustworthiness of the bank as a financial institution. What is your view as Minister for Financial Services and what responses will you be requiring of the Japan Post Bank?

A.

The mijica debit card is a service only offered by Japan Post Bank, and I am aware that losses incurred through unauthorized remittances using this type of card have been publicly disclosed. I also understand that the Japan Post Bank has been suspending charges and remittances to prevent further losses, while at the same time contacting customers individually with the intent of fully compensating customers who suffered losses connected with the payment services of fund transfer service providers at the end of October, and other customers who suffered losses relating to mijica around the end of September. The Financial Services Agency insists that Japan Post Bank deal seriously with completing full compensation and preventing further losses and recurrences, so we will closely monitor Japan Post Bank’s user protection efforts. We cannot help but feel the bank was a bit slow to notice this issue, so we at the Financial Services Agency are now demanding that the bank be more prompt in ascertaining the status of user protection.

HKEX: Securities And Derivatives Markets Delay Open Due To Issuance Of Typhoon Signal No. 8

Date 12/10/2020

Hong Kong Exchanges and Clearing Limited (HKEX) announced that the morning trading in its securities market, including Stock Connect Northbound trading, and derivatives market has been delayed due to the issuance of Typhoon Signal No. 8.

Paper: As “Gender Lens Investing” Marks 10th Anniversary, Focus Is On Widening Range Of Issues That Yield Strong Returns For Investors - Once Viewed In Terms Of Number Of Women In Leadership Roles, Focus Now Looking At Pay Equity, Anti-Harassment Policies, Benefits, Supply Chain, Access To Mentorship, And Other Issues

Date 12/10/2020

When what is now known as “gender lens investing” started a decade ago, the focus was largely on the number of women in management/CEO roles, but a more nuanced and far-reaching approach is now emerging and it is likely to find increasingly wide acceptance among investors, according to a new report published by the wealth management firm Glenmede alongside an advisory board of gender lens investing experts.

Cboe Statement On Passing Of Founding President Joseph Sullivan III

Date 12/10/2020

Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and global trading solutions provider, today issued the following statement:

Cboe Global Markets mourns the loss of Joseph Sullivan III, the Founder and first President of the Chicago Board Options Exchange, who passed away on October 2, 2020. Cboe extends condolences to the Sullivan family and expresses sincere gratitude for Sullivan’s vision and drive to launch Cboe 47 years ago, establishing the listed options industry in the U.S.

MIAX Exchange Group - Options Markets - Listing Of Palantir Technologies Inc. (PLTR)

Date 12/10/2020

The option class listed below will begin trading on the MIAX Options Exchange, the MIAX PEARL Options Exchange, and the MIAX Emerald Options Exchange on Tuesday, October 13, 2020: 

• Palantir Technologies Inc. (PLTR)

Market Abuse In A Time Of Coronavirus, Speech By Julia Hoggett, Director, UK Financial Conduct Authority Market Oversight, At The City Financial Global Event

Date 12/10/2020

Highlights

• It is hugely important to us that we have the opportunity to give these speeches as they support all market participants to play their part in ensuring our markets are clean.
• Our focus on markets remaining open is driven by the fundamental role they play in supporting the economy – in enabling risk to be priced and managed, but equally, enabling institutions to raise capital at times when they need it the most.
• Whilst the fundamentals of the market abuse offences are constant, the ways in which the risk may manifest are not. The manner of surveilling for them must, therefore, also change. 
• Our expectation is that going forward, office and working from home arrangements should be equivalent – this is not a market for information that we wish to see be arbitraged.
• Market abuse is not an offence that only applies to individuals working in the financial services industry. Any individual in receipt of inside information who trades while in possession of that information, or induces someone else to, is guilty of market abuse. 

Letter From Sam Woods, Bank Of England Deputy Governor, Prudential Regulation Authority CEO, ‘Information Request: Operational Readiness For A Zero Or Negative Bank Rate’ - Letter To Chief Executive Officers To Request Information About Firms’ Operational Readiness To Implement A Zero Or Negative Bank Rate

Date 12/10/2020

As highlighted in the September minutes of the Monetary Policy Committee (MPC), the Bank of England (the Bank) and the Prudential Regulation Authority (PRA) are commencing structured engagement on the operational considerations of a zero or negative policy rate. This structured engagement is not indicative that the MPC will employ a zero or negative policy rate. 

BIS: The Outlook For Business Bankruptcies

Date 12/10/2020

Key takeaways

• Economic growth and forward-looking indicators of default risk inferred from equity markets, two variables that together predict business bankruptcies in advanced economies, show bankruptcies rising significantly by the end of 2021.
• Projections of real GDP growth embedded in the consensus forecast account for the bulk of this projected increase. Unlike in previous downturns, the stock market-based default indicators contribute very little.
• As these findings underscore, the pandemic and unprecedented government support for the business sector have driven a sizeable wedge between financial market perceptions of default risk and projections for economic activity.

ETFGI Reports Year-To-Date Net Inflows Into ETFs And ETPs Listed Globally At The End Of Q3 Are At A Record Level Of US$ 488.18

Date 12/10/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that ETFs and ETPs listed globally gathered net inflows of US$59.74 billion during September, bringing year-to-date net inflows to record level of US$488.18 billion which is significantly higher than the US$349 billion gathered at this point last year. Assets invested in the global ETFs/ETPs industry decreased by 1.8%, from US$7.01 trillion at the end of August 2020, to US$6.89 trillion at the end of September, according to ETFGI's September 2020 Global ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)