financial stability Archives - The Industry Spread

Claudia Buch: Digitalization, competition, and financial stability

August 28, 2019

Opening remarks by Prof Claudia Buch, Vice-President of the Deutsche Bundesbank, at the Seminar “Statistics on Fintech – Bringing Together Demand and Supply to Measure its Impact”, organized by the Irving Fisher Committee (IFC) and the Central Bank of Malaysia (Bank Negara Malaysia/BNM), Kuala Lumpur, 17 August 2019.

SEC Names Bryan Wood as Deputy Chief of Staff

June 28, 2019

Mr. Wood has served as the Director of the Office of Legislative and Intergovernmental Affairs (OLIA) since June 2017, where he acts as the agency’s primary congressional liaison and provides advice to the Chairman, Commissioners, and SEC staff on legislative, policy, strategic, and operational matters. 

MAS Transfers S$45 billion to the Government for Long-term Investment

May 10, 2019

The Monetary Authority of Singapore (MAS) said today that it would be transferring S$45 billion from the official foreign reserves (OFR) to the Government for long-term investment.  This amount is the excess over what MAS deems necessary to maintain confidence in Singapore’s exchange rate-centred monetary policy.  MAS, as the central bank of Singapore, manages the country’s OFR, which stood at S$404 billion as at April 2019.

CFTC Chairman Gives Remarks at FSB Meeting on LIBOR Reform

April 16, 2019

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo joined Randal K. Quarles, Chair of the Financial Stability Board (FSB) and Vice Chairman of Supervision, Board of Governors of the Federal Reserve System, UK Financial Conduct Authority CEO Andrew Bailey, and Deputy Governor Bank of England Sir David Ramsden for an FSB Roundtable discussion to highlight the need for continued progress to reform major interest rate benchmarks.

Traders Cautious Ahead of US Employment Figures

April 5, 2019

Asian stocks finished in a mixed state on Friday, as investors kept their eye on a key meeting between Donald Trump and Chinese Vice Premier Liu He. While in the UK, PM Theresa May said she would seek another Brexit extension, voicing her opposition to a no-deal Brexit and calling for urgent talks with Labour leader Jeremy Corbyn to break the deadlock. In Japan, the Nikkei225 main index added 0,38 percent to 21,807 and in Singapore, the FTSE Straits Times index gained 0.19 percent higher at 3,322.

Joint Media Release between MAS and European Commission

February 25, 2019

Vice President of the European Commission for Financial Stability, Financial Services and Capital Markets Union, Valdis Dombrovskis, and the Deputy Prime Minister of Singapore and Chairman of the Monetary Authority of Singapore, Tharman Shanmugaratnam: A common approach on certain derivatives trading venues

Fed to be Patient Raising Rates, Asian Stocks at Four Month High

January 31, 2019

Asian stocks finished the session close to four-month highs, following Wall Street indices, after the FED pledged to be patient in raising rates going forward. Shares in Japan was 1.06% higher at 20,773, and the Shanghai Composite index is gaining 0.35 percent. In Hong Kong, the Hang Seng index finished 1.04 percent higher at 27,935, and South Korea’s Kospi added 0.2%. Australian stocks have not been able to replicate the positive performance in other Asia markets with ASX200 giving up 0.4 percent to 5,864.

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