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The CFPB recently published its latest semiannual agenda of planned rulemaking activities as part of the Executive Branch’s Spring 2021 Unified Agenda of Federal Regulatory and Deregulatory Actions. The agenda lists the regulatory actions that the Bureau reasonably anticipates that it will consider during the period from May 1, 2021, to April 30, 2022. This is the first rulemaking agenda published by the Bureau during the Biden Administration.
The new agenda lists two items as in the “final rule stage”:
Debt collection. Due in part to the “societal disruption” caused by the COVID-19 pandemic, in April 2021, the CFPB issued a notice of proposed rulemaking (NPRM) that would extend by 60 days the effective date of Part I and Part II of its final debt collection rule. Both Parts of the debt collection rule are scheduled to take effect on November 30, 2021.
Published July 2, 2021, 6:30 AM
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said efforts to continue to develop the domestic capital market have not been diminished by the COVID-19 pandemic.
Diokno said capital market reforms being implemented and other measures to further deepen the capital market are structural in nature.
“In fact during the height of the pandemic, in 2020, the bond issuances by domestic banks were oversubscribed,” he said, citing Bank of the Philippine Islands, Land Bank of the Philippines, China Banking Corp. and Union Bank of the Philippines.
BSP Governor Benjamin E. Diokno (Bloomberg file)
The number of participants in investment trust funds also managed to grow by 33 percent in 2020 and 24 percent in the first quarter this year, said Diokno. “These are clear signs of sustained investor confidence in the Philippine capital market,” he added.
The new framework agreement will “provide financing for the import of essential commodities such as crude oil, refined petroleum products, LNG and urea”. Reuters/File
ISLAMABAD: Pakistan and the International Islamic Trade Finance Corporation (ITFC) a subsidiary of the Islamic Development Bank on Monday signed a $4.5 billion new framework agreement to finance oil, LNG and fertiliser imports over the next three years (2021-23).
The new framework agreement will “provide financing for the import of essential commodities such as crude oil, refined petroleum products, LNG and urea”, announced the Ministry of Economic Affairs (MEA) soon after the signing of the agreement.
Ambac Launches Senior Secured Note Offering to Refinance Existing Ambac LSNI Senior Secured Notes benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
ASIC - LIBOR Transition In The Asia Pacific Region: Time Is Running Out Date
27/05/2021
Nathan Bourne, ASIC’s Senior Executive Leader, Markets Infrastructure, recently spoke about the London Inter-Bank Offered Rate (LIBOR) transition at a webinar hosted by Bloomberg Professional Services and the International Capital Market Association (ICMA) to launch their Guide to Tough Legacy Bonds in Asia Pacific.
The webinar examined the current state of play in relation to so-called ‘tough legacy’ issues in bond markets in the Asia Pacific region.
ASIC considers LIBOR transition to be a significant priority. To ensure a smooth changeover after 31 December 2021, it’s vital that firms and regulators alike continue to prioritise this important work.