News Centre

ASIC Releases Final Updated Guidance On Complaints Handling

Date 30/07/2020

ASIC has today released updated requirements for how financial firms deal with consumer and small business complaints – under their Internal Dispute Resolution (IDR) procedures.

Bank Of Baroda’s Credit Card Arm Readies For Digital Transformation With Implementation Of Fiserv Technology - Flexible, Scalable Solution Accelerates Digital Transformation Of Card Issuing And Processing

Date 30/07/2020

BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda, has chosen Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, to enable the digitization of their end-to-end card issuance and processing cycle and support the launch of several new and high-tech products including contactless credit cards, tokenisation and integration with branded wallets, and virtual credit cards.

NZX Half Year 2020 Shareholder & Qrtly Regulation Metrics

Date 29/07/2020

Please see attached NZX Half Year 2020 Shareholder and Quarterly Regulation Metrics.

Cboe Global Markets Plans To Bring Periodic Auctions To U.S. Equity Markets

Date 29/07/2020

• Builds on success of Cboe Europe Periodic Auctions, the largest periodic auction platform in Europe
• First auction mechanism of its kind in the U.S. aims to enhance intraday liquidity in the public equity markets
• Designed to meet customer need to trade in size, or access liquidity in thinly traded securities

IMF Executive Board Approves US$49.1 Million In Emergency Support To Lesotho To Address The Covid-19 Pandemic

Date 29/07/2020

• The economic consequences of the COVID-19 pandemic in Lesotho have been severe, with a weak global and regional environment reducing exports and remittances.
• The IMF approved US$49.1 million emergency support under the Rapid Credit Facility and the Rapid Financing Instrument to help Lesotho meet urgent balance of payments needs stemming from the COVID-19 pandemic.
• While the authorities’ immediate priority is to respond to the pandemic through emergency health and economic mitigation measures, fiscal consolidation and structural reforms will be required to restore external balance, preserve debt sustainability, and stimulate inclusive growth over the medium-term.

Superintendent Lacewell Announces New York State Department of Financial Services’ Opposition To Federal Government’s Proposed Rule Change That Discourages ESG Investing, Undermining Retirement Security Of Workers - DFS Submits Public Comment To Labor Secretary Scalia In Opposition To U.S. Department Of Labor’s Proposed Rule Change For ESG Standards In Private Pension Funds - Calls On Federal Government To Support And Promote ESG Investing

Date 29/07/2020

Superintendent Linda A. Lacewell today announced the New York State Department of Financial Services’ (DFS) opposition to the federal government’s proposed rule change to Environmental, Social, and Governance (ESG) investing on the grounds that this change risks undermining the retirement security of workers. The U.S. Department of Labor’s (DOL) new Proposed Rule discourages fiduciaries from engaging in ESG analysis in their decision-making to the detriment of workers’ retirement returns and the market more broadly.

ISDA Board Statement On Adherence To The IBOR Fallback Protocol

Date 29/07/2020

ISDA today published a statement from its Board of Directors on adherence to the forthcoming IBOR Fallback Protocol.

IMF Executive Board Approves US$110.4 Million In Emergency Support To The Kingdom Of Eswatini To Address The COVID-19 Pandemic

Date 29/07/2020

• The COVID-19 pandemic has magnified Eswatini’s existing economic and social challenges, leading to a sharp decline in growth and large financing needs.
• The IMF approved US$110.4 million in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts in addressing the severe economic impact of the COVID-19 pandemic.
• The immediate priority is to support public health, vulnerable groups and businesses.
• Once the impact of the pandemic subsides, it is critical to implement the authorities’ fiscal consolidation plan and structural and governance reforms to ensure debt sustainability and achieve a fast and inclusive recovery.

CFTC Swaps Report Update

Date 29/07/2020

CFTC's Weekly Swaps Report has been updated, and is now available.

SEC: Small Business Capital Formation Advisory Committee Aug. 4 Meeting To Focus On How Capital Markets Are Serving Underrepresented Founders

Date 29/07/2020

The Securities and Exchange Commission today released the agenda for the Tuesday, Aug. 4 meeting of its Small Business Capital Formation Advisory Committee, which will be hosted via video conference.