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All the way to zero: guiding banks towards a carbon-neutral Europe Keynote speech by Frank Elderson, Vice-Chair of the Supervisory Board and Member of the Executive Board of the ECB, at the conference on “The Role of Banks in Greening Our Economies” organised by the European Bank for Reconstruction and Development and Hrvatska narodna banka Frankfurt am Main, 29 April 2021 It is a great honour for me to be with you today to discuss the role of banks in greening the economy. And I am very happy to delve into the topic of climate change at an event co-organised by the European Bank for Rec...

Source: European Central Bank Keynote speech by Frank Elderson, Vice-Chair of the Supervisory Board and Member of the Executive Board of the ECB, at the conference on “The Role of Banks in Greening Our Economies” organised by the European Bank for Reconstruction and Development and Hrvatska narodna banka Frankfurt am Main, 29 April 2021 It is a great honour for me to be with you today to discuss the role of banks in greening the economy. And I am very happy to delve into the topic of climate change at an event co-organised by the European Bank for Reconstruction and Development (EBRD) –...

Singapore: Managing Termination for Cause in Singapore: Diligence and Justification, and Risks of Getting it Wrong In a recent action brought before the Singapore High Court, the summary dismissal of Wong Sung Boon by Fuji Xerox Singapore Pte Ltd ("FXS") was found to be without basis and unlawful, and FXS was ordered to pay damages of SGD 1.4 million. In assessing the quantum of damages, the High Court re-affirmed the minimum obligation rule. This case illustrates the importance of ensuring that summary dismissals are carried out in accordance with the law and the decision to summarily dismis...

Date February 2021 Market operations Annual review of the list of acceptable non-regulated markets and the list of recognised agencies in the Eurosystem collateral framework On 22 January 2021 the Governing Council decided, as a result of its annual review of these lists, to add the market SI ENTER to the list of accepted non-regulated markets and two agencies (UAB Valstybės investicinis kapitalas (VIK) and Slovenská záručná a rozvojová banka, a.s. (SZRB)) to the recognised agency list. Both lists are available on the ECB’s website. Amendment to the decision on the third series of tar...

UAE Space Agency announces 10 winners to join Arab Space Pioneers Program February 07, 2021 The UAE Space Agency announced that 10 winners have been selected to join the Arab Space Pioneers Program’s inaugural edition, the first intensive scientific training program of its kind in the Arab world. ABU DHABI, UAE — The UAE Space Agency announced that 10 winners have been selected to join the Arab Space Pioneers Program’s inaugural edition, the first intensive scientific training program of its kind in the Arab world. Building A Knowledge Eco...