Central bank

NetCents Technology Files 2020 Audited Financial Statements and Provides a Business Conditions Update

Retrieved on: 
Monday, November 14, 2022

In addition, the Company provides the following update to shareholders on 2021 and 2022 merchant transactions, growth, and corporate developments.

Key Points: 
  • In addition, the Company provides the following update to shareholders on 2021 and 2022 merchant transactions, growth, and corporate developments.
  • The following financial statements are outstanding: audited annual financial statements for Fiscal 2020, interim financial statements for the three months ended January 31, 2021, interim financial statements for the six months ended April 30, 2021, interim financial statements for the nine months ended July 31, 2021, audited annual financial statements for Fiscal 2021, interim financial statements for the three months ended January 31, 2022, and interim financial statements for the six months ended April 30, 2022.
  • This release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities laws ("forward-looking statements").
  • Forward-looking statements are based on the beliefs, estimates, and opinions of the Company's management on the date the statements are made.

EQS-News: Mobile TeleSystems PJSC: IMPORTANT NOTICE TO NOTEHOLDERS

Retrieved on: 
Sunday, November 27, 2022

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF HOLDERS.

Key Points: 
  • THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF HOLDERS.
  • THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES.
  • IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER.
  • The distribution of this notice and the Consent Solicitation Memorandum to which it relates in certain jurisdictions may be restricted by law.

Cairn Homes Plc: Holding(s) in Company*

Retrieved on: 
Sunday, November 27, 2022

Fides Trust Limited (a regulated fiduciary services provider incorporated in Guernsey) is the trustee of the Landmark Trust.

Key Points: 
  • Fides Trust Limited (a regulated fiduciary services provider incorporated in Guernsey) is the trustee of the Landmark Trust.
  • Emerald Everleigh Limited Partnership utilises the services of Goodbody Stockbrokers Nominees Limited as nominee, which holds 6,743,507 voting rights (0.98%) of the issuer.
  • Deirdre Doyle utilises the services of BBH Brown Brothers Harriman & Co as nominee, which holds 23,397,957 voting rights (3.41%)of the issuer.
  • In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
    i.

ACAMS Launches Italy Chapter to Foster Collaboration in Fight Against Financial Crime

Retrieved on: 
Friday, November 25, 2022

Miami, Nov. 25, 2022 (GLOBE NEWSWIRE) -- ACAMS, a leading membership organization dedicated to fighting illicit finance globally, has expanded its footprint with a new chapter in Italy for anti-financial crime (AFC) professionals.

Key Points: 
  • Miami, Nov. 25, 2022 (GLOBE NEWSWIRE) -- ACAMS, a leading membership organization dedicated to fighting illicit finance globally, has expanded its footprint with a new chapter in Italy for anti-financial crime (AFC) professionals.
  • Launched earlier this week in Milan, the ACAMS Italy Chapter provides a platform for career development, networking, and education to AFC and sanctions compliance practitioners in Italy, who as chapter members will have the opportunity to collaborate with their peers in financial institutions, regulatory bodies, law enforcement agencies and other organizations.
  • By fostering information-sharing and collaboration across the public and private sectors, ACAMS Chapters stand at the heart of our mission to end financial crime around the world, said ACAMS CEO Scott Liles.
  • ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally.

CNH Industrial: Periodic Report on the Buyback Program

Retrieved on: 
Wednesday, November 23, 2022

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company.

Key Points: 
  • CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company.
  • Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success.
  • As a truly global company, CNH Industrials 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.
  • For more information and the latest financial and sustainability reports visit: cnhindustrial.com
    For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Norsk Hydro: Successful placement of new sustainability linked bonds

Retrieved on: 
Wednesday, November 23, 2022

Norsk Hydro ASA has today completed a successful placement of new senior unsecured sustainability linked bonds with a total amount of NOK 3,000 million.

Key Points: 
  • Norsk Hydro ASA has today completed a successful placement of new senior unsecured sustainability linked bonds with a total amount of NOK 3,000 million.
  • The transaction is split between two tranches:
    - 6 year NOK 1,500 million with a floating rate of 3m Nibor + 2.000% p.a.
  • We are very pleased to be the first investment grade Norwegian company having issued sustainability linked bonds.
  • An application will be made for the bonds to be listed at the Oslo Stock Exchange.

Beazley and Assureful launch industry first usage-based liability insurance for e-commerce businesses

Retrieved on: 
Tuesday, November 15, 2022

London, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Specialist insurer Beazley has partnered with Assureful to offer the industrys first, usage-based liability insurance solution for e-commerce companies.

Key Points: 
  • London, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Specialist insurer Beazley has partnered with Assureful to offer the industrys first, usage-based liability insurance solution for e-commerce companies.
  • Assureful, which worked with Beazleys Incubation Underwriting team to create this new insurance solution has also been appointed a Lloyds Coverholder.
  • Neil Kempston, Incubation Underwriter at Beazley, commented: By working with Assureful, Beazley is supporting the markets first direct digital distribution of usage-based liability insurance.
  • Data and technology have allowed us to develop a truly usage-based Commercial General Liability insurance product for eCommerce businesses of all sizes.

ECB Financial Stability Review shows risks increasing as economic and financial conditions worsen

Retrieved on: 
Saturday, November 26, 2022

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    ECB Financial Stability Review shows risks increasing as economic and financial conditions worsen
    16 November 2022
    - Households and firms face multiple challenges, including weakening economic outlook, higher inflation and tighter financial conditions
    - Diminished market liquidity raises risk of disorderly asset price adjustments, which could test investment fund resilience
    - Governments should ensure support to vulnerable sectors is targeted and does not interfere with monetary policy normalisation
    Risks to financial stability in the euro area have increased amid soaring energy prices, elevated inflation and low economic growth, the November 2022 Financial Stability Review published today by the European Central Bank (ECB) shows.
  • At the same time, financial conditions have tightened as central banks act to rein in inflation.
  • People and firms are already feeling the impact of rising inflation and the slowdown in economic activity, said ECB Vice-President Luis de Guindos.
  • Our assessment is that risks to financial stability have increased, while a technical recession in the euro area has become more likely.

Christine Lagarde: Monetary policy in a new environment

Retrieved on: 
Saturday, November 26, 2022

And this has implications for the focus of macroeconomic policy in the years to come.

Key Points: 
  • And this has implications for the focus of macroeconomic policy in the years to come.
  • And in this context, swings in demand caused by the closing and reopening of the economy have hit a wall.
  • [3] And in this environment, it is uncertain whether a seamless expansion of supply will continue and how global demand will be affected.
  • For monetary policy, this changing environment creates considerable challenges.
  • That is why we have been raising rates at our fastest pace ever by 200 basis points in our last three policy meetings.
  • But we also need to normalise our other policy tools and so reinforce the impulse from our rate policy.
  • But now the environment has changed completely and we need to ensure that the lower cost of funding the TLTRO created for banks does not impede monetary transmission when policy normalisation is required.
  • Similarly, large-scale asset purchases were necessary to expand the policy stance when interest rates were close to the lower bound.
  • In parallel, our tools for preserving the orderly transmission of monetary policy notably flexible reinvestments under the pandemic emergency purchase programme and the new transmission protection instrument will remain in place.
  • Monetary policy will ensure a timely return of inflation to our medium-term target.
  • But the economic outlook will also depend on the alignment between monetary policy and other actors.
  • In the current environment of high inflation, fiscal policy needs to be temporary, targeted and tailored.
  • Looking further ahead, while monetary policy can steer demand, it cannot remove existing constraints on economic growth.
  • The effects of this shift are uncertain, but the duty of monetary policy is not.
  • But if we want to rebuild our supply capacity and strengthen domestic sources of growth, other policy areas need to refocus.
  • International Monetary Fund (2022), Near-term Macroeconomic Impact of Decarbonization Policies,
    World Economic Outlook, October.
  • Lagarde, C. (2022), Monetary policy in a high inflation environment: commitment and clarity, lecture organised by Eesti Pank and dedicated to Professor Ragnar Nurkse, Tallinn, 4 November.

Financial stability and macroprudential regulation under diagnostic expectations

Retrieved on: 
Saturday, November 26, 2022

In this article, we examine the joint implications of external financing frictions and cognitive misperceptions for the stability of the financial system and the appropriate conduct of macroprudential regulation.

Key Points: 
  • In this article, we examine the joint implications of external financing frictions and cognitive misperceptions for the stability of the financial system and the appropriate conduct of macroprudential regulation.
  • [2]
    Relative to the rational benchmark, diagnostic expectations and their interactions with financing frictions exacerbate instability in financial markets and economic activity.
  • Financial implications of financing frictions and diagnostic expectations (1/2)

    Notes: The chart illustrates interactions between fluctuations in financial net worth (i.e.

  • Blue ink indicates additional effects over a world with rational expectations that stem from diagnostic expectations.
  • First, diagnostic expectations intensify a positive interaction between fluctuations in financial net worth and fluctuations in asset prices (Chart 1).
  • Financial implications of financing frictions and diagnostic expectations (2/2)

    Notes: The chart reports stationary density functions of the aggregate capitalisation of financial intermediaries under rational and diagnostic expectations.

  • Relative to the rational framework, under diagnostic expectations, appropriate macroprudential restrictions on new credit to the nonfinancial sector are tighter, even when the regulator is subject to the same expectations as the private sector.
  • These results naturally reveal disagreements among potential regulators with differing degrees of diagnostic expectations about the appropriate regulation.
  • We examine the joint implications of external financing frictions and diagnostic cognitive misperceptions about economic fundamentals or asset prices for the stability of the financial system and the appropriate conduct of macroprudential regulation.
  • The key result is that diagnostic expectations exacerbate financial instability relative to the benchmark of rational expectations.
  • This finding calls for tighter macroprudential regulation even when the regulator is also subject to misperceptions.