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.