The Bank of Russia has simplified the participation of non-state pension funds in IPOs

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Негосударственные пенсионные фонды (НПФ) смогут покупать акции эмитента при первичном публичном предложении (IPO), если совокупный объем размещения на организованных торгах составляет не менее 3 млрд рублей. Ранее порог для участия фондов в IPO оценивался в 50 млрд рублей. Указание Банка России, регламентирующее инвестирование пенсионных резервов, вступает в силу 13 октября 2024 года. Аналогичный порядок уже действует в отношении пенсионных накоплений. При этом доля акций, которую смогут покупать НПФ, увеличилась с 5 до 10% от общего объема

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Sustainability: ESG issues rise to the top levels of listed companies – the latest CONSOB report on non-financial reporting has been published (press release of 2 October 2024)

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Continue ReadingSustainability: ESG issues rise to the top levels of listed companies – the latest CONSOB report on non-financial reporting has been published (press release of 2 October 2024)

FCA fines Starling Bank £29m for failings in their financial crime systems and controls

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The FCA has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also repeatedly breached a requirement not to open accounts for high-risk customers. Starling grew quickly, from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did not keep pace

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APRA publishes the June 2024 edition of the Quarterly Superannuation Product Statistics, Superannuation Industry Publication and Fund-level Statistics

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The Australian Prudential Regulation Authority (APRA) has published the Quarterly Superannuation Industry Publication, Quarterly Superannuation Product Statistics and the Quarterly Fund-level Statistics. Copies of the publications are available on the APRA website at:  Quarterly Superannuation Industry Publication  and the  Quarterly Superannuation Product Statistics and Quarterly Fund-Level Statistics .

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FDIC Issues 2024 Small Business Lending Survey Report

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