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Category: Banking

  • MIL-OSI Europe: The EBA provides its technical advice to the European Commission on fees to validate pro forma models under the European Market Infrastructure Regulation

    Source: European Banking Authority

    The European Banking Authority (EBA) today published its response to the European Commission’s Call for Advice on fees to validate pro forma models under the European Market Infrastructure Regulation (EMIR).

    The Technical Advice makes a series of recommendations to the Commission in view of its Delegated Acton fees to be charged by the EBA for the performance of its new role as central validator of pro forma models, such as ISDA SIMM, under EMIR.

    First, the EBA proposes that the Delegated Act allows for all costs – whether direct or indirect – relating to the activities linked to the central validation function of pro forma models to be covered.

    Second, to address the feedback received on the difficulties in calculating the 12-month average notional amount of non-centrally cleared OTC derivatives, the EBA proposes to rely on simpler approaches than the ones consulted upon. To this end, the EBA makes proposals on the practical details of the calculation methodology that would ensure proportionality amongst all counterparties in the determination of the annual fee.

    Finally, the EBA makes recommendations on the payment modalities and the information to be communicated to EBA for the determination of the individual fees and the invoicing process.

    Legal basis

    Article 11(12a) of EMIR mandates the EBA to set up a central validation function for the elements and general aspects of pro forma models, and changes thereto, used or to be used by financial and non-financial counterparties. The EBA shall charge an annual fee, per pro forma model, to financial and non-financial counterparties using the pro forma models validated by the EBA. The fees are expected to cover the costs incurred by the EBA in performing this role as central validator.

    Pro forma models, such as ISDA SIMM, are used by the industry to calculate initial margin.

    On 31 July 2024, the EBA received a Call for advice on a possible Delegated Act on fees with the request to submit its response by Q2 2025.

    In March 2025, the EBA consulted market participants as part of its response. The feedback received to this Discussion Paper helped the EBA finalise its response to the European Commission.

    MIL OSI Europe News –

  • MIL-OSI Europe: The EBA provides its technical advice to the European Commission on fees to validate pro forma models under the European Market Infrastructure Regulation

    Source: European Banking Authority

    The European Banking Authority (EBA) today published its response to the European Commission’s Call for Advice on fees to validate pro forma models under the European Market Infrastructure Regulation (EMIR).

    The Technical Advice makes a series of recommendations to the Commission in view of its Delegated Acton fees to be charged by the EBA for the performance of its new role as central validator of pro forma models, such as ISDA SIMM, under EMIR.

    First, the EBA proposes that the Delegated Act allows for all costs – whether direct or indirect – relating to the activities linked to the central validation function of pro forma models to be covered.

    Second, to address the feedback received on the difficulties in calculating the 12-month average notional amount of non-centrally cleared OTC derivatives, the EBA proposes to rely on simpler approaches than the ones consulted upon. To this end, the EBA makes proposals on the practical details of the calculation methodology that would ensure proportionality amongst all counterparties in the determination of the annual fee.

    Finally, the EBA makes recommendations on the payment modalities and the information to be communicated to EBA for the determination of the individual fees and the invoicing process.

    Legal basis

    Article 11(12a) of EMIR mandates the EBA to set up a central validation function for the elements and general aspects of pro forma models, and changes thereto, used or to be used by financial and non-financial counterparties. The EBA shall charge an annual fee, per pro forma model, to financial and non-financial counterparties using the pro forma models validated by the EBA. The fees are expected to cover the costs incurred by the EBA in performing this role as central validator.

    Pro forma models, such as ISDA SIMM, are used by the industry to calculate initial margin.

    On 31 July 2024, the EBA received a Call for advice on a possible Delegated Act on fees with the request to submit its response by Q2 2025.

    In March 2025, the EBA consulted market participants as part of its response. The feedback received to this Discussion Paper helped the EBA finalise its response to the European Commission.

    MIL OSI Europe News –

  • MIL-OSI Europe: ECB’s Governing Council updates its monetary policy strategy

    Source: European Central Bank

    30 June 2025

    • Governing Council confirms symmetric 2% inflation target over the medium term
    • Symmetry requires appropriately forceful or persistent policy response to large, sustained deviations of inflation from target in either direction
    • All tools remain in toolkit and their choice, design and implementation will enable an agile response to new shocks
    • Structural shifts such as geopolitical and economic fragmentation and increasing use of artificial intelligence make the inflation environment more uncertain

    The Governing Council of the European Central Bank (ECB) today published the results of its strategy assessment, which are set out in an updated monetary policy strategy statement.

    Following the strategy review carried out in 2020-21, the Governing Council announced that it would periodically assess the appropriateness of its monetary policy strategy. The assessment published today meets this commitment, ensuring that our framework, toolkit and approach remain fit for purpose.

    The monetary policy strategy enables the Governing Council to respond effectively to major changes in the inflation environment. This is especially important as ongoing structural shifts, such as geopolitical and economic fragmentation, increasing use of artificial intelligence, demographic change and the threat to environmental sustainability, suggest that the inflation environment will remain uncertain and potentially more volatile, with larger deviations from the symmetric 2% inflation target.

    To maintain the symmetry of the target, appropriately forceful or persistent monetary policy action in response to large, sustained deviations of inflation from the target in either direction is important. This will help to avoid inflation expectations becoming de-anchored and inflation deviations from the target becoming entrenched.

    “I am happy to announce that the Governing Council during its latest meeting approved the ECB’s updated monetary policy strategy”, said ECB President Christine Lagarde. “This assessment was a valuable opportunity to challenge our thinking, check our policy toolkit and fine-tune our strategy. It provides us with an even stronger basis to conduct monetary policy and fulfil our mandate of price stability in an increasingly uncertain environment.”

    All monetary policy tools currently available to the Governing Council will remain in its toolkit. Their use at any time will continue to be subject to a comprehensive proportionality assessment. Their choice, design and implementation will be sufficiently flexible to enable an agile response to changes in the inflation environment.

    In monetary policy decisions the Governing Council takes into account not only the most likely path for inflation and the economy but also surrounding risks and uncertainty, including through the appropriate use of scenarios and sensitivity analyses.

    The first regular monetary policy meeting of the Governing Council applying the updated strategy will be held on 23-24 July 2025. The Governing Council intends to assess periodically the appropriateness of its monetary policy strategy, with the next assessment expected in 2030.

    For media queries, please contact Stefan Ruhkamp, tel.: +49 69 1344 5057.

    Notes

    • Prior to the 2025 strategy assessment, the Governing Council concluded strategy reviews in 2003 and 2021.
    • Over the last 12 months the Governing Council has held seminars, presentations, discussions and meetings dedicated to the strategy assessment.
    • The strategy assessment is the result of a significant collaborative effort over this period. It involved staff of the ECB and national central banks across the euro area and was organised into two separate workstreams.

    MIL OSI Europe News –

  • MIL-OSI Europe: ECB’s Governing Council updates its monetary policy strategy

    Source: European Central Bank

    30 June 2025

    • Governing Council confirms symmetric 2% inflation target over the medium term
    • Symmetry requires appropriately forceful or persistent policy response to large, sustained deviations of inflation from target in either direction
    • All tools remain in toolkit and their choice, design and implementation will enable an agile response to new shocks
    • Structural shifts such as geopolitical and economic fragmentation and increasing use of artificial intelligence make the inflation environment more uncertain

    The Governing Council of the European Central Bank (ECB) today published the results of its strategy assessment, which are set out in an updated monetary policy strategy statement.

    Following the strategy review carried out in 2020-21, the Governing Council announced that it would periodically assess the appropriateness of its monetary policy strategy. The assessment published today meets this commitment, ensuring that our framework, toolkit and approach remain fit for purpose.

    The monetary policy strategy enables the Governing Council to respond effectively to major changes in the inflation environment. This is especially important as ongoing structural shifts, such as geopolitical and economic fragmentation, increasing use of artificial intelligence, demographic change and the threat to environmental sustainability, suggest that the inflation environment will remain uncertain and potentially more volatile, with larger deviations from the symmetric 2% inflation target.

    To maintain the symmetry of the target, appropriately forceful or persistent monetary policy action in response to large, sustained deviations of inflation from the target in either direction is important. This will help to avoid inflation expectations becoming de-anchored and inflation deviations from the target becoming entrenched.

    “I am happy to announce that the Governing Council during its latest meeting approved the ECB’s updated monetary policy strategy”, said ECB President Christine Lagarde. “This assessment was a valuable opportunity to challenge our thinking, check our policy toolkit and fine-tune our strategy. It provides us with an even stronger basis to conduct monetary policy and fulfil our mandate of price stability in an increasingly uncertain environment.”

    All monetary policy tools currently available to the Governing Council will remain in its toolkit. Their use at any time will continue to be subject to a comprehensive proportionality assessment. Their choice, design and implementation will be sufficiently flexible to enable an agile response to changes in the inflation environment.

    In monetary policy decisions the Governing Council takes into account not only the most likely path for inflation and the economy but also surrounding risks and uncertainty, including through the appropriate use of scenarios and sensitivity analyses.

    The first regular monetary policy meeting of the Governing Council applying the updated strategy will be held on 23-24 July 2025. The Governing Council intends to assess periodically the appropriateness of its monetary policy strategy, with the next assessment expected in 2030.

    For media queries, please contact Stefan Ruhkamp, tel.: +49 69 1344 5057.

    Notes

    • Prior to the 2025 strategy assessment, the Governing Council concluded strategy reviews in 2003 and 2021.
    • Over the last 12 months the Governing Council has held seminars, presentations, discussions and meetings dedicated to the strategy assessment.
    • The strategy assessment is the result of a significant collaborative effort over this period. It involved staff of the ECB and national central banks across the euro area and was organised into two separate workstreams.

    MIL OSI Europe News –

  • MIL-OSI Russia: Fourth Financing for Development (FfD4) Conference Opening Session: Keynote Speech by DMD Nigel Clarke

    Source: IMF – News in Russian

    Fourth Financing for Development (FfD4) Conference Opening Session: Keynote Speech by DMD Nigel Clarke

    Seville, Spain

    June 30, 2025

    Good morning, everyone.

    Thank you for the opportunity to speak to you today, on behalf of the International Monetary Fund. It is a great honor to join you here at the Fourth Financing for Development Conference.

    This conference comes at a particularly challenging moment. Once again, the resilience of the world economy is being tested. Uncertainty has been escalating, as major policy shifts reshape countries priorities. Despite progress on trade talks and the scaling back of some tariffs, trade policy uncertainty indicators remain off the charts.

    This has major implications for developing countries, for whom risks have grown: downside risks to short-term and longer-term growth prospects. Risks of tightened financing conditions. And yes, risks to their development agenda—including due to cuts in overseas development assistance. 

    That is why this conference is so important—and so timely. It provides an opportunity to take decisive and necessary steps to accelerate development progress.

    And these steps must be taken at both the individual country level and the international community level.

    With that in mind, and with this opportunity in our hands, let me stress three critical priorities, one at the country level, and two at the international level.

    First priority, at the country level: implement strong domestic reforms. In an uncertain economic environment, the work to advance development must begin at home. Let me point to two sets of critical reforms within this first priority.

    One, domestic revenues remain the bedrock of country-led efforts for sustainable growth and development. Many countries can boost the resources available to them by broadening the tax base and improving compliance.

    And two, by building strong public financial management systems, they can redirect spending to sectors like health, education, well-targeted social safety nets, and growth- enhancing public investments.

    Second priority, at the international level: ensure that the support to development is coordinated and tailored. Development partners must help with policy advice, capacity building, and financial support. And to be effective, that assistance should be tailored to countries’ individual circumstances and challenges. Indeed, while developing countries share many characteristics, there are differences in their economic conditions.

    The needs of the poorest and most fragile countries, in particular—who are often hit hardest by global shocks—demand our attention, and for these countries concessional financing remains of critical importance.

    Third priority, also at the international level: address debt vulnerabilities. The risk of a systemic debt crisis seems broadly contained for now. But many countries are struggling with high interest costs and refinancing needs that constrain their ability to finance critical development spending and build resilience.

    That is why the international community must further improve debt restructuring processes to ensure that countries with unsustainable debt have access to timely and sufficiently deep debt relief.

    We have already seen progress under the Common Framework and at the Global Sovereign Debt Roundtable. And the recently published Sovereign Debt Restructuring Playbook is an important resource for countries considering seeking a restructuring. But there is still work to be done.

    The IMF is doing its part to support developing countries.

    Through our tailored policy advice, we help our members make their economies more vibrant and more resilient. We will continue to strengthen our analysis and guidance on monetary, fiscal, exchange rate, and financial sector policies.

    Through our capacity development, we will continue to help equip our members with the tools and expertise to chart their own path, working closely with other development partners.

    Through our lending instruments, we provide financial support to our members when they need it. Last Fall, we reformed our concessional lending framework, to double its lending capacity while restoring its self-sustainability. And we will continue to explore ways to strengthen our precautionary facilities and ensure our programs are well-designed.

    The Fund also actively contributes to addressing debt challenges. We provide technical support to individual restructuring. With the World Bank, we are advancing the work at the Global Sovereign Debt Roundtable and are implementing the “three-pillar approach” to help countries with sustainable debt and strong reform agendas, but where high debt service crowds out productive spending.

    Simply put: the IMF will continue to help our members achieve economic and financial stability—a prerequisite for reaching their development objectives.

    And as we work together this week, we will remain a trusted partner and champion for the international development agenda. Together, we can help bring our members towards a brighter future.

    Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/30/sp063025-FfD4-conference-opening-session-keynote-speech-dmd-nigel-clarke

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI United Nations: Secretary-General’s remarks at the opening of the 4th Financing for Development Conference [trilingual, as delivered; scroll down for all-English and all-Spanish]

    Source: United Nations secretary general

    Majestades,

    Excelencias, señoras y señores:

    Agradezco al Gobierno y al pueblo de España por su cálida acogida en Sevilla para esta importante conferencia.

    Durante décadas, la misión del desarrollo sostenible ha unido a países grandes y pequeños, desarrollados y en desarrollo.

    Juntos, hemos logrado avances.

     
    Reduciendo la pobreza y el hambre en el mundo.
     
    Salvando vidas con sistemas sanitarios más sólidos.
     
    Llevando más niños a la escuela.
     
    Ampliando las oportunidades para mujeres y niñas.
     
    Y fortaleciendo las redes de seguridad social.
     
    Pero hoy, el desarrollo y su gran impulsor – la cooperación internacional –enfrentan fortísimos vientos en contra.
     
    Vivimos en un mundo donde la confianza se está desmoronando y el multilateralismo está bajo tensión.
     
    Un mundo con una economía en desaceleración, tensiones comerciales crecientes y presupuestos de ayuda diezmados.
     
    Un mundo sacudido por desigualdades, caos climático y conflictos devastadores.
     
    El vínculo entre paz y desarrollo es evidente.
     
    Nueve de los diez países con los Indicadores de Desarrollo Humano más bajos se encuentran actualmente en situación de conflicto.
     
    Excelencias,
     
    La financiación es el motor del desarrollo.
     
    Y, ahora mismo, ese motor se está ahogando.
     
    Mientras nos reunimos, la Agenda 2030 para el Desarrollo Sostenible – nuestra promesa global de transformar nuestro mundo para lograr un futuro mejor y más justo – está en peligro.
     
    Dos tercios de las metas de los Objetivos de Desarrollo Sostenible están rezagadas.
     
    Alcanzarlos requiere una inversión de más de 4 billones de dólares al año.
     
    Pero no se trata sólo de una crisis de cifras.
     
    Es una crisis de personas.
     
    De familias que pasan hambre.
     
    De niños que no reciben vacunas.
     
    De niñas obligadas a abandonar la escuela.
     
    Estamos aquí en Sevilla para cambiar el rumbo.
     
    Para reparar y poner en marcha el motor del desarrollo y acelerar la inversión a la escala y velocidad necesarias.
     
    Y restaurar equidad y justicia – para todas y todos.
     
    Excellencies,
     
    The Sevilla Commitment is a global promise to fix how the world supports countries as they climb the development ladder.
     
    I see three areas of action.
     
    First — we must get resources flowing. Fast.  
     
    Countries must lead by mobilizing domestic resources and investing in areas of greatest impact: schools, health care, social protection, decent work, and renewable energy.
     
    Unlocking these investments requires strengthening tax systems, and tackling illicit financial flows and tax evasion.
     
    And helping developing countries dedicate a greater share of their tax revenues to the systems people need.
     
    The Sevilla Commitment’s call on developed countries to double their aid dedicated to domestic resource mobilization to support this.
     
    Multilateral and national development banks must unite to finance major investments. 
     
    This includes tripling the lending capacity of Multilateral Development Banks — and rechanneling Special Drawing Rights that can unlock lending capacity and help developing countries boost investment.
     
    We also need innovative funding solutions to unlock private capital.
     
    Solutions that mitigate currency risks;
     
    That combine public and private finance more effectively, and ensure the risks and rewards of development projects are shared by both the public and the private sectors; 
     
    And that ensure financial regulations assess risk appropriately and support investments in frontier markets.
     
    Second — we must fix the global debt system which is unsustainable, unfair and unaffordable.
     
    With annual debt service at $1.4 trillion, countries need — and deserve — a system that lowers borrowing costs, enables fair and timely debt-restructuring, and prevents debt crises in the first place.
     
    The Sevilla Commitment lays the groundwork:  
     
    With other aspects, by also creating a single debt registry for transparency, and promoting responsible lending and borrowing;
     
    By lowering the cost of capital through debt swaps and debt management support;
     
    And through debt service pauses in times of emergency.    
     
    And third — we must increase the participation of developing countries in the institutions of the global financial architecture. The present major shareholders have a role to play recognizing the importance of correcting injustices and adapting to a changing world. 

    A new borrowers forum will give voice to borrowers for fairer debt resolution and to foster transparency, shared learning and coordinated debt action.
     
    And we need a fairer global tax system shaped by all, not just by a few.
     
    Excellences, Mesdames et Messieurs,
     
    Cette conférence n’est pas une affaire de charité.
     
    Il s’agit de rétablir la justice – et de permettre à chacun de vivre dans la dignité.
     
    Cette conférence n’est pas une affaire d’argent.
     
    Il s’agit d’investir dans l’avenir que nous voulons construire – ensemble.
     
    Merci – à toutes et à tous – de participer à cet effort essentiel et ambitieux.
     

    ****

    DECLARACIONES DEL SECRETARIO GENERAL
    CON OCASIÓN DE LA INAUGURACIÓN DE LA CUARTA CONFERENCIA SOBRE LA FINANCIACIÓN PARA EL DESARROLLO

    Majestades,

    Excelencias, señoras y señores:

    Agradezco al Gobierno y al pueblo de España por su cálida acogida en Sevilla para esta importante conferencia.

    Durante décadas, la misión del desarrollo sostenible ha unido a países grandes y pequeños, desarrollados y en desarrollo.

    Juntos, hemos logrado avances.

    Reduciendo la pobreza y el hambre en el mundo.

    Salvando vidas con sistemas sanitarios más sólidos.

    Llevando más niños a la escuela.
            
    Ampliando las oportunidades para mujeres y niñas.

    Y fortaleciendo las redes de seguridad social.

    Pero hoy, el desarrollo y su gran impulsor – la cooperación internacional –enfrentan fortísimos vientos en contra.

    Vivimos en un mundo donde la confianza se está desmoronando y el multilateralismo está bajo tensión.

    Un mundo con una economía en desaceleración, tensiones comerciales crecientes y presupuestos de ayuda diezmados.

    Un mundo sacudido por desigualdades, caos climático y conflictos devastadores.

    El vínculo entre paz y desarrollo es evidente.

    Nueve de los diez países con los Indicadores de Desarrollo Humano más bajos se encuentran actualmente en situación de conflicto.

    Excelencias,

    La financiación es el motor del desarrollo.

    Y, ahora mismo, ese motor se está ahogando.

    Mientras nos reunimos, la Agenda 2030 para el Desarrollo Sostenible – nuestra promesa global de transformar nuestro mundo para lograr un futuro mejor y más justo – está en peligro.

    Dos tercios de las metas de los Objetivos de Desarrollo Sostenible están rezagadas.

    Alcanzarlos requiere una inversión de más de 4 billones de dólares al año.

    Pero no se trata sólo de una crisis de cifras.

    Es una crisis de personas.

    De familias que pasan hambre.

    De niños que no reciben vacunas.

    De niñas obligadas a abandonar la escuela.

    Estamos aquí en Sevilla para cambiar el rumbo.

    Para reparar y poner en marcha el motor del desarrollo y acelerar la inversión a la escala y velocidad necesarias.

    Y restaurar equidad y justicia – para todas y todos.

    Excelencias:

    El documento del Compromiso de Sevilla es una clara promesa global de reparar la forma en que el mundo apoya a los países que suben la escalera del desarrollo.

    Veo tres esferas de acción.

    En primer lugar, tenemos que hacer fluir los recursos. Rápido.

    Los países deben dirigir el proceso movilizando recursos nacionales e invirtiendo en las esferas de mayor impacto: escuelas, atención sanitaria, protección social, trabajo decente y energía renovable.

    Para favorecer estas inversiones es necesario reforzar los sistemas tributarios y combatir los flujos financieros ilícitos y la evasión fiscal.

    Y ayudar a los países en desarrollo a que puedan dedicar una mayor parte de sus ingresos tributarios a los sistemas que necesitan las personas.

    El llamamiento del Compromiso de Sevilla a los países desarrollados para que dupliquen la ayuda dedicada a la movilización de recursos nacionales para servir de apoyo.

    Los bancos multilaterales y nacionales de desarrollo deben unirse para financiar grandes inversiones. 

    Para ello, hay que triplicar la capacidad de préstamo de los bancos multilaterales de desarrollo y reorientar los derechos especiales de giro para aumentar la capacidad de préstamo y ayudar a los países en desarrollo a impulsar la inversión.

    También necesitamos soluciones de financiación innovadora para facilitar el capital privado: 

    Que mitiguen los riesgos cambiarios;

    Que combinen más eficazmente la financiación pública y privada, y garanticen que los riesgos y las recompensas de los proyectos de desarrollo sean compartidos por el sector público y el sector privado; 

    Y que garanticen que la reglamentación financiera evalúa los riesgos adecuadamente y apoya las inversiones en mercados frontera.

    En segundo lugar, debemos reparar el sistema mundial de la deuda, que es insostenible, injusto e inasequible.

    Con un servicio de la deuda que asciende a 1,4 billones de dólares al año, los países necesitan — y merecen — un sistema que abarate el costo del endeudamiento, facilite la reestructuración justa y oportuna de la deuda, y prevenga las crisis de deuda en primer lugar.

    El Compromiso de Sevilla sienta las bases:  

    Con otros factores, creando también un registro único de la deuda en aras de la transparencia, y promoviendo prácticas responsables de préstamo y endeudamiento;

    Reduciendo el costo del capital mediante canjes de deuda y el apoyo a la gestión de la deuda;

    Y suspendiendo el servicio de la deuda en épocas de emergencia.    

    Y en tercer lugar debemos incrementar la participación de los países en desarrollo en las instituciones de la arquitectura financiera global. Los principales accionistas tienen un papel que desempeñar al reconocer la importancia de corregir las injusticias y adaptarse a un mundo cambiante.

    Las partes principales deben apoyar reformas que les den una voz más potente.

    Un foro de prestatarios puede fomentar el aprendizaje común y la acción coordinada en materia de deuda. 

    Un nuevo foro de prestatarios dará voz a los prestatarios para una resolución de la deuda más justa y puede fomentar el aprendizaje compartido y la acción coordinada en materia de deuda.

    Y necesitamos un sistema tributario mundial más justo, conformado por todos, no solo por unos pocos.

    Excelencias, señoras y señores:

    Esta conferencia no trata de caridad.

    Trata de restablecer la justicia y permitir que todos vivan con dignidad.

    Esta conferencia no trata de dinero.

    Trata de invertir en el futuro que queremos construir, juntos.

    Gracias a todos por participar en este importante y ambicioso esfuerzo.
     

    ******

    THE SECRETARY-GENERAL
    REMARKS AT THE OPENING OF THE 4TH FINANCING FOR DEVELOPMENT CONFERENCE

    Your Majesties,

    Excellencies, ladies and gentlemen,

    I thank the Government and people of Spain for welcoming us to Sevilla for this important conference.

    For decades, the mission of sustainable development has united countries large and small, developed and developing.

    Together, we achieved progress.

    Reducing global poverty and hunger.

    Saving lives with stronger health care systems.

    Getting more children into school.
                                        
    Expanding opportunities for women and girls.

    And strengthening social safety nets.

    But today, development and its great enabler — international cooperation — are facing massive headwinds.

    We are living in a world where trust is fraying and multilateralism is strained.

    A world with a slowing economy, rising trade tensions, and decimated aid budgets.

    A world shaken by inequalities, climate chaos and raging conflicts. 

    The link between peace and development is clear.

    Nine of the ten countries with the lowest Human Development Indicators are currently in a state of conflict. 

    Excellencies,

    Financing is the engine of development.

    And right now, this engine is sputtering.

    As we meet, the 2030 Agenda for Sustainable Development — our global promise to transform our world for a better, fairer future — is in danger.

    Two-thirds of the Sustainable Development Goals targets are lagging.

    Achieving them requires an investment of more than $4 trillion a year.

    But this is not just a crisis of numbers. 

    It’s a crisis of people.

    Of families going hungry.

    Of children going unvaccinated.

    Of girls forced to drop out of school.

    We are here in Sevilla to change course.
     
    To repair and rev up the engine of development to accelerate investment at the scale and speed required.

    And to restore a measure of fairness and justice for all.

    Excellencies,

    The Sevilla Commitment document is a global promise to fix how the world supports countries as they climb the development ladder.

    I see three areas of action.

    First — we must get resources flowing. Fast.  

    Countries must lead by mobilizing domestic resources and investing in areas of greatest impact: schools, health care, social protection, decent work, and renewable energy.

    Unlocking these investments requires strengthening tax systems, and tackling illicit financial flows and tax evasion.

    And helping developing countries dedicate a greater share of their tax revenues to the systems people need.

    The Sevilla Commitment’s call on developed countries to double their aid dedicated to domestic resource mobilization to support this. 

    Multilateral and national development banks must unite to finance major investments. 

    This includes tripling the lending capacity of Multilateral Development Banks — and rechanneling Special Drawing Rights that can unlock lending capacity and help developing countries boost investment.

    We also need innovative funding solutions to unlock private capital.  

    Solutions that mitigate currency risks;

    That combine public and private finance more effectively, and ensure the risks and rewards of development projects are shared by both the public and private sectors; 

    And that ensure financial regulations assess risk appropriately and support investments in frontier markets.

    Second — we must fix the global debt system which is unsustainable, unfair and unaffordable.

    With annual debt service at $1.4 trillion, countries need — and deserve — a system that lowers borrowing costs, enables fair and timely debt-restructuring, and prevents debt crises in the first place.

    The Sevilla Commitment lays the groundwork:  

    With other aspects, by also creating a single debt registry for transparency, and promoting responsible lending and borrowing;

    By lowering the cost of capital through debt swaps and debt management support;

    And through debt service pauses in times of emergency.    

    And third — we must increase the participation of developing countries in the institutions of the global financial architecture. The present major shareholders have a role to play recognizing the importance of correcting injustices and adapting to a changing world. 

    A new borrowers forum will give voice to borrowers for fairer debt resolution and can foster transparency, shared learning and coordinated debt action.

    And we need a fairer global tax system shaped by all, not just a few.

    Excellencies, ladies and gentlemen,

    This conference is not about charity.

    It’s about restoring justice and lives of dignity.

    This conference is not about money.

    It’s about investing in the future we want to build, together.

    Thank you all for being part of this important and ambitious effort.
     

    MIL OSI United Nations News –

  • MIL-OSI Banking: World Chambers Federation announces new leadership for 2025–2028

    Source: International Chamber of Commerce

    Headline: World Chambers Federation announces new leadership for 2025–2028

    Mr. Marcelo Elizondo Secretary and Member of the Board, Argentine Chamber of Commerce and Services (Argentina) Mr. Andrew McKellar CEO, Australian Chamber of Commerce and Industry (Australia) Mr. Atef Al Khaja CEO, Bahrain Chamber of Commerce and Industry (Bahrain)   Mr. Tom Laveren CEO, Voka Chamber of Commerce Mechelen-Kempen (Belgium)   Mr. Jean Pierre Antelo President, CAINCO (Bolivia) Ms. Maria Bustamante President, FIESC Chamber of Foreign Trade (Brazil)  Mr. Daniel Campos Caramori Vice-President, Canadian Chamber of Commerce (Canada)  Mr. José Ovidio Claros Polanco President, Bogota Chamber of Commerce (Colombia)  Ms. Rim Siam President of the Economic Business Women Council, Alexandria Chamber of Commerce (Egypt)   Ms. Leticia Escobar President, Chamber of Commerce and Industry of El Salvador (El Salvador)  Mr. Giorgi Pertaia President, Georgian Chamber of Commerce and Industry (Georgia)  Mr. Volker Treier Chief Executive of Foreign Trade and Board Member, German Chamber of Commerce and Industry (Germany)   Mr. Ashish Vaid Past President, IMC Chamber of Commerce and Industry (India)  Mr. Mohammad Khazaee Torshizi Senior Advisor to the President, Iran Chamber of Commerce, Industries, Mines and Agriculture (Iran) Ms. Gilit Rubinstein CEO, Federation of Israeli Chambers of Commerce (Israel)  Mr. Dario Gallina Past President, Torino Chamber of Commerce (Italy)  Mr. Aigars Rostovskis President, Latvian Chamber of Commerce and Industry (Latvia)   Mr. Katsuya Igarashi Executive Director, Japan Chamber of Commerce and Industry (Japan)  Dr. Erick Rutto President, Kenya National Chamber of Commerce and Industry (Kenya)  Mr. Rabih Sabra Director General, Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon (Lebanon)   Ms. Charlotte Parkhill Chair, Auckland Business Chamber (New Zealand)   Mr. Gabriel Idahosa President, Lagos Chamber of Commerce and Industry (Nigeria)  Mr. Trajan Angeloski President, Macedonian Chamber of Commerce (North Macedonia)  Ms. Tamader Al Thani Director of International Relations and Chamber Affairs, Qatar Chamber of Commerce and Industry (Qatar)  Mr. Ovidiu Ioan Silaghi Secretary General, Chamber of Commerce and Industry of Romania (Romania)  Mr. Marko Cadez President, Chamber of Commerce and Industry of Serbia (Serbia)   Ms. Melanie Veness CEO and Chairperson, PMCB and Association of South African Chambers (South Africa)  Mr. Seong Woo Lee Vice-President, Korea Chamber of Commerce and Industry (South Korea)  Mr. Adolfo Díaz-Ambrona Secretary General, Spain Chamber of Commerce (Spain)  Mr. Izzet Volkan Chairman of the Board, Corlu Chamber of Commerce and Industry (Türkiye)  Mr. Salem Al Shamsi Vice-President for International Relations, Dubai Chambers (United Arab Emirates)   Mr. Gennadiy Chyzhykov President, Ukrainian Chamber of Commerce (Ukraine)  Mr. Ahmed M. El Wakil President, Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) (Transnational)  Mr. Yousef Khalawi Secretary General, Islamic Chamber of Commerce and Development (Transnational)  Mr. Natalio Mario Grinman President, Ibero-American Association of Chambers of Commerce (AICO) (Transnational)  Mr. Peter McMullin President, Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) (Transnational)  Mr. Ben Butters CEO, Eurochambres (Transnational)  Dr. Khaled Hanafy Secretary General, Union of Arab Chambers (Transnational) 

    MIL OSI Global Banks –

  • MIL-OSI Banking: Media release: East coast gas market review an opportunity to strengthen investment and increase supply – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Media release: East coast gas market review an opportunity to strengthen investment and increase supply – Australian Energy Producers

    Australian Energy Producers welcomes the Federal Government’s review of the east coast gas market to deliver the natural gas needed to power the economy, put downward pressure on prices, and remain a reliable export partner. 

    Australian Energy Producers Chief Executive Samantha McCulloch said industry supported the Government’s commitment to consolidating and streamlining regulations and creating a long-term stable regulatory environment to facilitate investment in new supply. 

    “The review is an opportunity to future-proof the east coast gas market and ensure reliable and affordable gas supply for Australian households and manufacturers,” Ms McCulloch said.

    “Natural gas will play a critical role in Australia’s energy mix for decades to come. The east coast gas market needs to be fit-for-purpose to support continued investment in our abundant gas resources and avoid projected shortfalls.  

    Ms McCulloch said the review should focus on delivering new gas supply by streamlining regulation, restoring market signals, and eliminating duplicative and onerous reporting requirements. 

    “The Government’s Future Gas Strategy makes clear that natural gas will remain critical to Australia’s energy security through to 2050 and beyond. This requires a strong, stable and competitive east coast gas market that encourages investment and timely supply.” 

    The ACCC’s latest report on the east coast gas market released today underscores the urgent need to remove barriers to new gas supply to avoid forecast gas shortfalls. It found “the east coast has sufficient gas reserves and resources to meet projected domestic demand for at least the next decade”, but “a combination of policy, technical and commercial factors over the past 15 years has impeded their development”. 

    “Australian gas producers are committed to delivering the reliable and affordable gas supply Australians need, and we look forward to working constructively with government, gas users and stakeholders throughout the review,” Ms McCulloch said. 

    Media Contact: 0434 631 511

    MIL OSI Global Banks –

  • MIL-OSI: Sydbank A/S share buyback programme: transactions in week 26

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 29/2025

    		 Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk
    30 June 2025  

    Dear Sirs

    Sydbank A/S share buyback programme: transactions in week 26
    On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    1,093,000

    		  

    462,805,840.00
    23 June 2025
    24 June 2025
    25 June 2025
    26 June 2025
    27 June 2025    		 14,000
    12,000
    12,000
    12,000
    6,000    		 431.21
    438.28
    437.46
    437.72
    461.20    		 6,036,940.00
    5,259,360.00
    5,249,520.00
    5,252,640.00
    2,767,200.00
    Total over week 26 56,000   24,565,660.00
    Total accumulated during the
    share buyback programme

    1,149,000

    		  

    487,371,500.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank A/S holds a total of 1,149,222 own shares, equal to 2.24 % of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network –

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 26

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 31 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    30 June 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 26

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 26:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 7,250,338 230.5860 1,671,826,202
    23 June 2025 175,184 253.1630 44,350,107
    24 June 2025 191,968 258.7310 49,668,073
    25 June 2025 50,000 257.8930 12,894,650
    26 June 2025 50,000 255.8267 12,791,335
    27 June 2025 50,000 258.6284 12,931,420
    Total accumulated over week 26 517,152 256.4731 132,635,585
    Total accumulated during the share buyback programme 7,767,490 232.3095 1,804,461,787

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.930% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    Attachment

    The MIL Network –

  • MIL-OSI Video: Opening & 1st Plenary- 4th International Conference on Financing for Development FFD4 Sevilla, Spain

    Source: United Nations (video statements)

    The 4th International Conference on Financing for Development (FFD4) will be held in Sevilla, Spain, from 30 June to 3 July 2025. The Conference will bring together global leaders and key stakeholders to accelerate action and partnerships to finance sustainable development and achieve the SDGs. The opening will mark the official launch of the Conference and set the tone for a week of high-level engagement and dialogue.

    The opening of the FFD4 Conference will feature statements by high-level dignitaries including Pedro Sánchez, President of the Conference and the President of the Government of Spain; António Guterres, Secretary-General of the United Nations; Philemon Yang, President of the UN General Assembly; Bob Rae, President of ECOSOC; Ajay Banga, President of the World Bank Group; Ngozi Okonjo-Iweala, Director-General of the WTO; and Li Junhua, Secretary-General of the Conference and a Representative of the International Monetary Fund. Following the opening remarks, the Conference will address key procedural matters. The opeing statments will be followed a general debate and statements by Heads of State or Government, ministers, and heads of delegation, setting the stage for a week of high-level discussions on mobilizing financing for the SDGs.

    More info: https://financing.desa.un.org/FFD4

    To watch all other events from FF4D in all languages, visit: https://webtv.un.org/en/search/categories/meetings-events/conferences/international-conference-financing-development/fourth-session

    https://www.youtube.com/watch?v=G03SASjftAE

    MIL OSI Video –

  • MIL-OSI Africa: The West African Development Bank (BOAD) achieves French Institute of Audit and Internal Control (IFACI) Professional Certification for Internal Audit — A first among Multilateral Development Banks

    The West African Development Bank (BOAD) (www.BOAD.org) has achieved a major milestone in strengthening its governance by securing professional certification for its Internal Audit function from the French Institute of Audit and Internal Control (IFACI).

    This certification, formalized under Certificate No. IFACI/2025/0227r, issued on February 27, 2025 and valid through February 28, 2028, attests to the organizational maturity of BOAD’s Internal Audit function and its ability to deliver tangible value to the Bank’s overall performance and governance. It also reinforces BOAD’s credibility with its technical and financial partners by demonstrating the Bank’s commitment to upholding the highest international standards.

    With this achievement, BOAD becomes the first Multilateral Development Bank to receive this international certification, underscoring its leadership in adopting international best practices in internal audit.

    Mr. Serge Ekue, President of BOAD, welcomed this accomplishment and extended his congratulations to the Internal Audit team and all Bank staff for their dedication and professionalism. He reaffirmed the institution’s commitment to its core values: integrity, agility, collaboration, social responsibility, excellence, and professionalism.

    “Securing this quality certification is a key milestone in the maturity of our Internal Audit function and its ability to act as a true driver of added value for the Bank’s governance and overall performance,” declared Mr. Ekue.

    This achievement is fully aligned with the objectives of BOAD’s Strategic Plan DJOLIBA, which seeks to position the Bank as a leading institution in sustainable development across West Africa.

    Distributed by APO Group on behalf of Banque Ouest Africaine de Développement (BOAD).

    For further information:
    Communication and Public Relations Department
    Tel: + 228 22 23 25 65
    WhatsApp : +228 99 99 32 15
    Fax: + 228 22 23 24 38
    Email: boadsiege@boad.org

    MIL OSI Africa –

  • MIL-OSI Europe: Monetary developments in the euro area: May 2025

    Source: European Central Bank

    30 June 2025

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 stood at 3.9% in May 2025, unchanged from the previous month, averaging 3.8% in the three months up to May. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 5.1% in May from 4.7% in April. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to -0.1% in May from 0.6% in April. The annual growth rate of marketable instruments (M3-M2) increased to 11.2% in May from 10.7% in April.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 3.2 percentage points (up from 3.0 percentage points in April), short-term deposits other than overnight deposits (M2-M1) contributed 0.0 percentage points (down from 0.2 percentage points) and marketable instruments (M3-M2) contributed 0.7 percentage points (as in the previous month).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households stood at 3.5% in May, compared with 3.4% in April, while the annual growth rate of deposits placed by non-financial corporations stood at 2.7% in May, compared with 2.6% in April. Finally, the annual growth rate of deposits placed by investment funds other than money market funds decreased to 15.4% in May from 21.2% in April.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in May 2025, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 2.6 percentage points (up from 2.5 percentage points in April), claims on the private sector contributed 2.4 percentage points (up from 2.3 percentage points), claims on general government contributed 0.2 percentage points (as in the previous month), longer-term liabilities contributed -1.2 percentage points (down from -1.1 percentage points), and the remaining counterparts of M3 contributed -0.1 percentage points (as in the previous month).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents stood at 2.0% in May 2025, compared with 1.9% in the previous month. The annual growth rate of claims on general government stood at 0.6% in May, compared with 0.5% in April, while the annual growth rate of claims on the private sector stood at 2.5% in May, compared with 2.4% in April.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) stood at 2.8% in May, unchanged from the previous month. Among the borrowing sectors, the annual growth rate of adjusted loans to households stood at 2.0% in May, compared with 1.9% in April, while the annual growth rate of adjusted loans to non-financial corporations stood at 2.5% in May, compared with 2.6% in April.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Europe News –

  • Nirmala Sitharaman embarks on official visit to Spain, Portugal, and Brazil for high-level multilateral engagements

    Source: Government of India

    Source: Government of India (4)

    Union Finance and Corporate Affairs Minister Nirmala Sitharaman embarked on an official six-day visit to Spain, Portugal, and Brazil on Monday.

    Leading a delegation from the Department of Economic Affairs, Ministry of Finance, Sitharaman is set to participate in a series of high-level multilateral and bilateral engagements during the visit, which runs from June 30 to July 5, the Ministry of Finance said in a statement.

    During her visit to Seville, Spain, the Finance Minister will represent India at the 4th International Conference on Financing for Development (FFD4), organised by the United Nations. She is scheduled to deliver India’s national statement at the conference, reaffirming India’s commitment to sustainable development and inclusive growth.

    In addition, Sitharaman will deliver the keynote address at the International Business Forum Leadership Summit, themed “From FFD4 Outcome to Implementation: Unlocking the Potential of Private Capital for Sustainable Development.” Her engagements in Spain will also include bilateral meetings with senior ministers from Germany, Peru, and New Zealand, as well as discussions with the President of the European Investment Bank (EIB).

    Following her engagements in Spain, the Finance Minister will travel to Lisbon, Portugal, where she is expected to meet with her Portuguese counterpart for bilateral discussions. She will also engage with prominent investors and members of the Indian diaspora to deepen economic and cultural ties between India and Portugal.

    The final leg of her visit will take place in Rio de Janeiro, Brazil. There, Sitharaman will represent India at the 10th Annual Meeting of the New Development Bank (NDB), where she serves as India’s Governor. She will also attend the first BRICS Finance Ministers and Central Bank Governors Meeting (FMCBG), reinforcing India’s active role in shaping the economic agenda of the BRICS bloc.

    As part of the NDB’s flagship event, the Finance Minister will speak at the Governors Seminar on “Building a Premier Multilateral Development Bank for the Global South,” highlighting India’s vision for inclusive financial institutions. She is also scheduled to hold bilateral meetings on the sidelines with her counterparts from Brazil, China, Indonesia, and Russia, focusing on key areas of mutual economic interest and multilateral cooperation.

  • MIL-OSI Banking: CNB cuts red tape further: relief package for the financial market enters into force

    Source: Czech National Bank

    The Czech National Bank is simplifying doing business in the financial market. As of 1 July 2025, it will abolish dozens of redundant rules and unjustified administrative requirements set out in 19 decrees. This will ease the regulatory burden on financial institutions, allowing them to devote more time and resources to client care, innovation and service development. The CNB’s decision is based on the findings of its own gold plating analysis in the area of financial market regulation, completed earlier this year.

    The new decree, effective from 1 July 2025, will eliminate requirements in areas governed by EU law where Czech legislation has so far gone beyond the relevant EU rules. Most often these are details of rules laid down by law or administrative acts that are no longer of practical use.

    “We have already scrapped 14 official information documents and are now getting rid of more rules and reporting duties from our decrees – 36 unnecessary measures in total. We’re delivering on our promise. Financial institutions will no longer have to complete reports that provide no new information or resubmit information the CNB already has. We’re cutting red tape and making it easier to do business. Our aim is clear: less paperwork, more room for business,” said Czech National Bank Governor Aleš Michl.

    A number of obligations are set out directly in law, and changes to legislation do not fall within the remit of the central bank. The CNB has therefore proposed to the Ministry of Finance the abolition of a further 41 obligations or restrictions that could significantly reduce the regulatory burden on the financial market.

    In recent decades, there has been a substantial increase in regulatory requirements in financial services – often due to gold plating, i.e. where Czech regulations impose additional obligations on market participants beyond those required by the European Union. This has resulted in higher administrative and operational costs, which may indirectly affect the availability and prices of financial services for clients. The change introduced by the CNB contributes to improving the regulatory environment, strengthens competitiveness and supports the further development of the financial market in the Czech Republic.

    Selected examples of changes

    Banks and branches of foreign banks

    The loan concentration and profit distribution statements are being abolished. The CNB will obtain the necessary data from other sources, saving banks time and reporting costs.

    National requirements on risk management, asset assessment and information disclosure are being repealed – European regulation and international accounting standards (for example, IFRS 9) are sufficient.

    Collective investment

    Real estate fund administrators are no longer required to report detailed information on the expert committee – such as its members’ education and professional experience – separately to the CNB. The CNB will obtain the information it needs about the expert committee for the purpose of carrying out its tasks from other available sources.

    The “Structure of assets of a managed fund” statement is being abolished, as most of the information it contains can be obtained from other, more detailed statements. European regulation does not require the submission of this statement.

    Pan-European Personal Pension Product (PEPP) distributors

    The notification of the start and end of PEPP distribution is being simplified, and the statement containing, for example, the number of contracts concluded or the volume of investments, is being abolished. European regulation does not require the collection of these data.

    General licensing requirements (for example, activities on the capital market, insurance and reinsurance distribution, supplementary pension savings, consumer credit, the non-performing loan market and collective investment)

    An affidavit of legal capacity now only needs to be submitted if the person being assessed is not listed in the basic registers and no other usable documentation is available.

    Jakub Holas
    Director, CNB Communications Division

    MIL OSI Global Banks –

  • MIL-OSI Banking: Samsung Launches Galaxy M36 5G in India, Introduces Advanced AI Innovations in Mid-Segment Smartphones

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, today announced the launch of Galaxy M36 5G, the latest addition to the immensely popular Galaxy M Series. Designed for young Indian consumers, Galaxy M36 5G packs in a suite of AI innovations along with several segment-leading features such as 50MP OIS triple camera, Corning® Gorilla® Glass Victus®+ protection and 6 generations of Android upgrade.
     
    “As part of our commitment to bring meaningful innovations that empower customers’ lives, we are launching the Galaxy M36 5G with segment-leading features and bringing AI innovations at an affordable price point. The stylish & durable Galaxy M36 5G complements our consumers’ lifestyle and with the introduction of Circle to Search with Google and Gemini Live, we are furthering the democratization of mobile AI across the Galaxy ecosystem,” said Akshay S Rao, Director, MX Business, Samsung India.
     
    Democratization of AI
    Galaxy M36 5G will come with Circle to Search with Google, furthering the democratization of mobile AI to even more devices in the Galaxy ecosystem. Built upon Samsung-Google collaboration, Circle to Search brings a seamless search experience to Galaxy users for images, texts and music.  Additionally, it will also introduce new AI experience with Gemini Live, bringing real-time visual conversations with AI to Galaxy users. Through AI-powered assistance, Galaxy users can more naturally engage in conversational interactions that make everyday tasks easier.
     
    All New Design And Monster Durability
    With design at its forefront, Galaxy M36 5G is only 7.7mm slim with a premium camera deco and features segment-leading Corning® Gorilla® Glass Victus®+ protection- making it extremely tough as well as ergonomic. The segment leading protection not only withstands accidental slips and falls but also ensures that users are absolutely worry-free from scratches. Galaxy M36 5G features a 6.7” Full HD+ Super AMOLED display with 120Hz refresh rate and Vision Booster technology making it the perfect device for an unparalleled viewing and smooth scrolling experience even in the outdoor conditions with bright sunlight. Galaxy M36 5G will be available in three vibrant and flaunt worthy colours- Velvet Black, Serene Green and Orange Haze.
     
    Advanced Camera
    Galaxy M36 5G will come with advanced 50MP OIS triple camera to shoot sharp photos and videos. The OIS (Optical Image Stabilization) ensures that videos are shake-free and images are blur-free, allowing users to capture their favorite moments while on the move.  The cameras on Galaxy M36 5G are designed for vivid shots—even in low light, thanks to its Auto Night Mode that takes the Nightography feature to a different level. Users will also be able to record 4K videos on both front and rear cameras, capturing a wide range of colours for true-to-life output. Galaxy M36 5G will serve as a complete package with fantastic features like Photo Remaster and Object Eraser to take user experience to a whole new level. Galaxy M36 5G will also sport a 13MP high-resolution front camera for detailed, sharper selfies.
     
     
    Monster Performance
    Powered by 5nm-based Exynos 1380 processor, Galaxy M36 5G is fast and power-efficient. Equipped with a large vapor cooling chamber, the device will ensure efficient heat dissipation, providing users with a lag-free gaming experience and super smooth processing. With the ultimate speed and connectivity of 5G, users can stay fully connected wherever they go, experiencing faster downloads, smoother streaming, and uninterrupted browsing.
     
    Galaxy M36 5G packs in 5000mAh battery that enables long sessions of browsing, gaming and binge watching. Galaxy M36 5G allows users to stay connected, entertained and productive without interruption. The device supports 25W fast charging, giving more power in less time.

    Galaxy Experiences
    Setting new industry benchmarks, Galaxy M36 5G will offer segment’s best 6 generations of Android upgrades and 6 years of security updates, ensuring a future-ready experience. Galaxy M36 5G will come with One UI 7 out of the box.
     
    One UI 7 comes with a simple, impactful and emotive design, bringing streamlined and cohesive experience to Galaxy users. A simplified home screen, redesigned One UI widgets and lock screen allow users to intuitively and seamlessly customize their devices. For added convenience, Now Bar provides real-time updates that matter most right on the lock screen.
     
    Galaxy M36 5G will also feature one of Samsung’s most innovative security features: Samsung Knox Vault. The hardware-based security system offers comprehensive protection against both hardware and software attacks. It will also include Samsung’s innovative Tap & Pay feature with Samsung Wallet allowing consumers to make secure payments effortlessly.
     

    Product
    Variant
    Introductory Price
    Offers

    Galaxy M36 5G
    6GB+128GB
    INR 16499
     
     
    Including INR 1000 Instant Bank Discount
     

    8GB+128GB
    INR 17999

    8GB+256GB
    INR 20999

     
     
    Galaxy M36 5G will be available on Samsung.com, Amazon and at select retail stores staring July 12, 2025.
     
     
     

    MIL OSI Global Banks –

  • MIL-OSI Banking: Secretary-General of ASEAN delivers Pre-Recorded Remarks at the ASEAN–India Cruise Dialogue 2025

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today delivered a pre-recorded message at the ASEAN–India Cruise Dialogue 2025 which convened in Mahabalipuram, Chennai, India. Bringing together policymakers, port authorities, and tourism leaders, the event explores how cruise tourism can boost connectivity, economic growth, and people-to-people exchanges between ASEAN and India. In his remarks, Dr. Kao lauded the potential of cruise tourism as a catalyst for regional collaboration under the ASEAN–India Year of Tourism 2025. 
     

    The post Secretary-General of ASEAN delivers Pre-Recorded Remarks at the ASEAN–India Cruise Dialogue 2025 appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI China: Announcement on Open Market Operations No.123 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.123 [2025]

    (Open Market Operations Office, June 30, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB331.5 billion through quantity bidding at a fixed interest rate on June 30, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB331.5 billion

    RMB331.5 billion

    Date of last update Nov. 29 2018

    2025年06月30日

    MIL OSI China News –

  • More Indians now invest in equities as financialisation of household savings rises: SBI

    Source: Government of India

    Source: Government of India (4)

    The financialisation of household savings in India has gained significant momentum, with the share of equities in household savings rising from 2.5 per cent in FY20 to 5.1 per cent in FY24, according to an SBI Research report released on Monday.

    The report noted that the Indian credit market is witnessing structural shifts, with headline bank credit growth figures potentially masking underlying trends. It added that, going forward, the sources of credit origination through bank deposits—primarily household savings—need to be closely monitored.

    According to the report, public sector banks (PSBs) are expected to show stable growth of 12.2 per cent in FY25, compared to a growth rate of 13.6 per cent in FY24.

    However, PSBs’ share in incremental credit has increased significantly, rising to 56.9 per cent in FY25 from 20 per cent in FY18.

    “The government’s 4R strategy—recognition, resolution, recapitalisation, and reforms—has reaped rich dividends. The asset quality in the banking system is now at a record low of 2.6 per cent in H1 FY25, down from 11.5 per cent in FY18,” the report stated.

    After 14 years of decline, PSBs’ share in outstanding credit has improved to 52.3 per cent in FY25, up from 51.8 per cent in FY24 and down from 75.1 per cent in FY10.

    Sectoral credit growth indicates that lending to various sectors has moderated, driven by a slowdown in credit to the services sector and agriculture and allied activities.

    The share of personal loans in incremental credit growth has declined to 37 per cent in FY25 from 43 per cent in FY24, while the industry’s share has increased to 17 per cent in FY25 from 11 per cent in FY24.

    “The X factor in credit growth is credit to the MSME sector, which has risen by 17.8 per cent year-on-year,” said Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India.

    “Interestingly, MSMEs depend greatly on large corporates through backward integration (and at times, forward integration). Hence, MSME activity levels could be a useful gauge of overall corporate activity, with all financing channels—banks and non-banks—embedded holistically,” he noted.

    Moreover, private credit deals totalled Rs 774 billion in FY24, marking a 7 per cent growth over CY23. This growth is helping meet the diverse financing needs of India Inc. through tailored solutions, primarily via Alternative Investment Funds (AIFs), while the issuance of Non-Convertible Debentures (NCDs) also remains prevalent.

    –IANS

  • MIL-OSI: Columbus – launch of share buyback programme under the “Safe Harbour” Regulation

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 8/2025

    The Board of Directors in Columbus A/S has decided to initiate a share buyback programme for a total amount of up to 
    DKK 16m. The authority to buy back shares was granted at the company’s Annual General Meeting held on 29 April 2025, allowing for share buyback of up to 10% of the share capital in the period until 29 October 2026 (18 months from the date of the General Meeting).

    Purpose
    The purpose of the share buyback programme is to reduce the Company’s share capital and to hedge obligations under share-based incentive schemes. At the next Annual General Meeting in April 2026, the Board intends to propose a cancellation of shares acquired under the programme, unless such shares are used to meet obligations under share-based incentive schemes.

    Timeline
    The share buyback programme will run from 30 June 2025 until 11 March 2026 at the latest, both days included. During this period, Columbus A/S may buy back shares for a total amount of up to DKK 16m in accordance with article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, which together with MAR constitutes the ‘Safe Harbour’ Regulation.

    Terms of the share buyback

    • Columbus A/S has appointed Nordea Danmark, Filial af Nordea Bank Abp, Finland as lead manager to execute the buyback independently and without any influence from Columbus A/S, and within the parameters set out in this announcement.
    • A maximum of 1.6 million shares may be acquired under the buyback programme, corresponding to 1.24% of the current share capital of Columbus A/S.
    • Shares may not be acquired at a price deviating by more than 10% from the most recently quoted market price of the shares on Nasdaq Copenhagen at the time of acquisition.
    • The share purchase price may not exceed the price of the last registered independent trade or the price of the highest independent bid on the trading venue.
    • The maximum number of shares that may be acquired on any single trading day may not exceed 25% of the average daily trading volume of Columbus A/S shares on the relevant trading venue. The average daily volume figure must be based on the average daily volume traded in the 20 trading days preceding the date of purchase.

    A company announcement will be published weekly throughout the duration of the programme with details of transactions executed under the programme.

    Ib Kunøe                        Søren Krogh Knudsen
    Chairman of the Board                CEO & President

    For further information, please contact:
    CEO & President, Søren Krogh Knudsen, +45 70 20 50 00

    Attachment

    The MIL Network –

  • MIL-OSI: Columbus – launch of share buyback programme under the “Safe Harbour” Regulation

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 8/2025

    The Board of Directors in Columbus A/S has decided to initiate a share buyback programme for a total amount of up to 
    DKK 16m. The authority to buy back shares was granted at the company’s Annual General Meeting held on 29 April 2025, allowing for share buyback of up to 10% of the share capital in the period until 29 October 2026 (18 months from the date of the General Meeting).

    Purpose
    The purpose of the share buyback programme is to reduce the Company’s share capital and to hedge obligations under share-based incentive schemes. At the next Annual General Meeting in April 2026, the Board intends to propose a cancellation of shares acquired under the programme, unless such shares are used to meet obligations under share-based incentive schemes.

    Timeline
    The share buyback programme will run from 30 June 2025 until 11 March 2026 at the latest, both days included. During this period, Columbus A/S may buy back shares for a total amount of up to DKK 16m in accordance with article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, which together with MAR constitutes the ‘Safe Harbour’ Regulation.

    Terms of the share buyback

    • Columbus A/S has appointed Nordea Danmark, Filial af Nordea Bank Abp, Finland as lead manager to execute the buyback independently and without any influence from Columbus A/S, and within the parameters set out in this announcement.
    • A maximum of 1.6 million shares may be acquired under the buyback programme, corresponding to 1.24% of the current share capital of Columbus A/S.
    • Shares may not be acquired at a price deviating by more than 10% from the most recently quoted market price of the shares on Nasdaq Copenhagen at the time of acquisition.
    • The share purchase price may not exceed the price of the last registered independent trade or the price of the highest independent bid on the trading venue.
    • The maximum number of shares that may be acquired on any single trading day may not exceed 25% of the average daily trading volume of Columbus A/S shares on the relevant trading venue. The average daily volume figure must be based on the average daily volume traded in the 20 trading days preceding the date of purchase.

    A company announcement will be published weekly throughout the duration of the programme with details of transactions executed under the programme.

    Ib Kunøe                        Søren Krogh Knudsen
    Chairman of the Board                CEO & President

    For further information, please contact:
    CEO & President, Søren Krogh Knudsen, +45 70 20 50 00

    Attachment

    The MIL Network –

  • MIL-OSI: Share repurchase programme: Transactions of week 26 2025

    Source: GlobeNewswire (MIL-OSI)

    The share repurchase programme runs as from 26 February 2025 and up to and including 30 January 2026 at the latest. In this period, Jyske Bank will acquire shares with a value of up to DKK 2.25 billion, cf. Corporate Announcement No. 3/2025 of 26 February 2025. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”, and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions have been made under the program:

      Number of
    shares    		 Average purchase
    price (DKK)    		 Transaction
    value (DKK)
    Accumulated, previous announcement 1,101.985 547.25 603,060,688
    23 June 2025 7,440 620.28 4,614,885
    24 June 2025 6,494 628.98 4,084,620
    25 June 2025 11,518 629.74 7,253,311
    26 June 2025 10,367 632.52 6,557,303
    27 June 2025 19,858 646.98 12,847,808
    Accumulated under the programme 1,157.662 551.47 638,418,615

    Following settlement of the transactions stated above, Jyske Bank will own a total of 1,115,662 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 1,88% of the share capital.

    Attached to this corporate announcement, aggregated details on the transactions related to the share repurchase programme are shown by venue.
                                                             
    Yours faithfully,
    Jyske Bank

    Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

    Attachment

    The MIL Network –

  • MIL-OSI: Share repurchase programme: Transactions of week 26 2025

    Source: GlobeNewswire (MIL-OSI)

    The share repurchase programme runs as from 26 February 2025 and up to and including 30 January 2026 at the latest. In this period, Jyske Bank will acquire shares with a value of up to DKK 2.25 billion, cf. Corporate Announcement No. 3/2025 of 26 February 2025. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”, and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions have been made under the program:

      Number of
    shares    		 Average purchase
    price (DKK)    		 Transaction
    value (DKK)
    Accumulated, previous announcement 1,101.985 547.25 603,060,688
    23 June 2025 7,440 620.28 4,614,885
    24 June 2025 6,494 628.98 4,084,620
    25 June 2025 11,518 629.74 7,253,311
    26 June 2025 10,367 632.52 6,557,303
    27 June 2025 19,858 646.98 12,847,808
    Accumulated under the programme 1,157.662 551.47 638,418,615

    Following settlement of the transactions stated above, Jyske Bank will own a total of 1,115,662 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 1,88% of the share capital.

    Attached to this corporate announcement, aggregated details on the transactions related to the share repurchase programme are shown by venue.
                                                             
    Yours faithfully,
    Jyske Bank

    Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

    Attachment

    The MIL Network –

  • MIL-OSI Australia: Consultation on Guidance for the Australian Clearing and Settlement Facility Resolution Regime

    Source: Airservices Australia

    The Reserve Bank of Australia (RBA) has today released a consultation paper on proposed guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime.

    In September 2024, the Australian Parliament passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024. This amended the Corporations Act 2001 to provide the RBA with crisis resolution powers with respect to domestically incorporated clearing and settlement (CS) facilities. These powers enable the RBA to manage or respond to a threat posed to the continuity of critical CS facility services or the stability of the financial system in Australia arising in relation to a domestic CS facility licensee.

    The RBA has developed draft guidance to provide transparency about when and how the RBA would generally expect to use these resolution powers. It aims to assist CS facilities, their users, market operators and other stakeholders to understand the RBA’s general approach to resolution and the potential effects on them if the RBA decides to use a resolution power.

    The RBA is inviting submissions on this consultation from interested parties by 11 August 2025. Following the consultation, the RBA will publish the finalised guidance.

    MIL OSI News –

  • MIL-OSI Banking: Consultation on Guidance for the Australian Clearing and Settlement Facility Resolution Regime

    Source: Reserve Bank of Australia

    The Reserve Bank of Australia (RBA) has today released a consultation paper on proposed guidance for the Australian Clearing and Settlement (CS) Facility Resolution Regime.

    In September 2024, the Australian Parliament passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024. This amended the Corporations Act 2001 to provide the RBA with crisis resolution powers with respect to domestically incorporated clearing and settlement (CS) facilities. These powers enable the RBA to manage or respond to a threat posed to the continuity of critical CS facility services or the stability of the financial system in Australia arising in relation to a domestic CS facility licensee.

    The RBA has developed draft guidance to provide transparency about when and how the RBA would generally expect to use these resolution powers. It aims to assist CS facilities, their users, market operators and other stakeholders to understand the RBA’s general approach to resolution and the potential effects on them if the RBA decides to use a resolution power.

    The RBA is inviting submissions on this consultation from interested parties by 11 August 2025. Following the consultation, the RBA will publish the finalised guidance.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Panasonic Group joins the Valuable 500—To create an inclusive society founded on the belief in the potential of all people

    Source: Panasonic

    Headline: Panasonic Group joins the Valuable 500—To create an inclusive society founded on the belief in the potential of all people

    Osaka, Japan – Panasonic Holdings Corporation (Kadoma City, Osaka, Japan; Group CEO: Yuki Kusumi) is proud to announce that the Panasonic Group has joined the Valuable 500, a partnership driving disability inclusion. Panasonic Group’s commitment has been officially released today on the Valuable 500 website.
    Valuable 500 is an initiative launched at the World Economic Forum Annual Meeting in Davos in January 2019, aiming to build a society where people with disabilities can fully realize their potential and contribute to social and economic value. The initiative seeks to engage over 500 partners and companies worldwide in support of this mission.
    Katy Talikowska, CEO of the Valuable 500, commented on Panasonic Group’s joining: “Every company that joins the Valuable 500 propels us forward in our mission to build an inclusive world for the 1.3 billion people with disabilities. Panasonic Group’s pledge to take action and be accountable for change is a testament to their leadership and the power of our collective efforts as we approach SYNC25.”
    Panasonic’s founder Konosuke Matsushita once said, “Every single person has their heaven-sent qualities found in no other, and success in life depends on making the most of our unique qualities.” Based on this philosophy, the Panasonic Group will strive to design a world where diverse people respect one another and can realize their full potential.

    1. Fostering Career Development
    We are cultivating a work environment where all employees, including those with disabilities, can grow and contribute meaningfully. Programs such as Unlock Yourself—designed for employees with disabilities and their supervisors—support career development and foster mutual understanding.

    2. Improving Accessibility
    Going beyond legal compliance, we are promoting work environments that are tailored to meet voiced needs. We encourage employees to take the initiative and design accessibility maps, as accessibility remains a shared priority at every level of the organization.

    3. Building Community and Connection
    Employees voluntarily join Employee Resource Groups (ERGs), through which they drive workplace improvements and social impact activities. Members of our management team also proactively join these initiatives, reflecting the voices of employees in management.

    4. Establishing Sustainable Pathways for Support
    We take on technical trainees with disabilities for internships and include those with disabilities among the junior and high school students that we accept for work study programs to support the next generation of workers.

    We at the Panasonic Group believe that each and every person holds the power to shape the future. We will endeavor at a global scale to create an environment where people with disabilities can actively participate in society, as well as a world that values diversity.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Panasonic HD donated 400 solar lanterns to areas without electricity in Nepal through the United Nations Human Settlements Programme (UN-Habitat)

    Source: Panasonic

    Headline: Panasonic HD donated 400 solar lanterns to areas without electricity in Nepal through the United Nations Human Settlements Programme (UN-Habitat)

    Osaka, Japan, June 30, 2025 – Panasonic Holdings Corporation Co., Ltd. (Panasonic HD), donated 400 solar lanterns in collaboration with the United Nations Human Settlements Programme (UN-Habitat) to vulnerable households living in areas without electricity in the municipality of Chandragiri and the rural municipality of Rajpur in Nepal.
    On June 18, 2025, a donation ceremony was held in the municipality of Chandragiri in the district of Kathmandu. Local residents, Chandragiri municipal government officials, and representatives from the Embassy of Japan in Nepal, UN-Habitat, and Panasonic HD attended the ceremony.

    The areas where the donations were made are home to many socially disadvantaged people, including those who live in precarious living conditions, as a result of the effects of the former caste system. In addition to an unreliable power supply, economic hardship prevents most households in this region from using electricity sufficiently, which hinders daily life.
    As a result, they are forced to rely on traditional means of lighting such as kerosene lamps, firewood and candles, which creates a variety of challenges, including indoor air pollution, increased living costs, fire risks and even lost educational opportunities.
    The following effects are expected from these donations:

    Improvement of the indoor air environment by reducing kerosene use.
    Reducing fuel costs and the economic burden.
    Reducing fuel procurement time and costs.
    Securing home study time for children.

    Since 2013, Panasonic HD has been involved in activities to support areas lacking electricity, which makes it difficult for people to escape poverty. Since 2021, these activities have been conducted under the name “LIGHT UP THE FUTURE,” a project which aims to illuminate the future of these areas. To date, Panasonic HD has partnered with various organizations, including NGOs and NPOs, to deliver more than 120,000 solar lanterns to people in over 36 countries and regions.
    Panasonic HD will continue collaborating with various partners on these initiatives to create opportunities in education, health, and increased income, working toward a sustainable, poverty-free society.

    The United Nations Human Settlements Programme (UN-Habitat) is a United Nations agency established in 1978 with its headquarters in Nairobi, Kenya, to address issues related to urbanization and human settlements. With the mission of “A better quality of life for all in an urbanizing world,” UN-Habitat works globally through policy advice, technical assistance, and collaborative action with national governments, local governments, civil society organizations, and private sectors particularly towards achieving Sustainable Development Goal (SDG) 11: Make cities and human settlements inclusive, safe, resilient, and sustainable.
    Established in 1997, the UN-Habitat Regional Office for Asia and the Pacific is in Fukuoka, as the regional headquarters overseeing 42 countries. The Fukuoka Office operates in 15 countries and implements 90 projects across 18 countries and regions, promoting extensive international cooperation throughout the region.
    The donation of solar lanterns is part of the environmental technology cooperation projects implemented by UN-Habitat.

    MIL OSI Global Banks –

  • MIL-OSI Economics: Money Market Operations as on June 28, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 0.00 – –
         I. Call Money 0.00 – –
         II. Triparty Repo 0.00 – –
         III. Market Repo 0.00 – –
         IV. Repo in Corporate Bond 0.00 – –
    B. Term Segment      
         I. Notice Money** 0.00 – –
         II. Term Money@@ 0.00 – –
         III. Triparty Repo 0.00 – –
         IV. Market Repo 0.00 – –
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Sat, 28/06/2025 1 Sun, 29/06/2025 51.00 5.75
      Sat, 28/06/2025 2 Mon, 30/06/2025 385.00 5.75
    4. SDFΔ# Sat, 28/06/2025 1 Sun, 29/06/2025 1,50,770.00 5.25
      Sat, 28/06/2025 2 Mon, 30/06/2025 5,074.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,55,408.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Fri, 27/06/2025 7 Fri, 04/07/2025 84,975.00 5.49
    3. MSF# Fri, 27/06/2025 2 Sun, 29/06/2025 0.00 5.75
      Fri, 27/06/2025 3 Mon, 30/06/2025 990.00 5.75
    4. SDFΔ# Fri, 27/06/2025 2 Sun, 29/06/2025 47.00 5.25
      Fri, 27/06/2025 3 Mon, 30/06/2025 26,895.00 5.25
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,010.46  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,03,916.54  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,59,324.54  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 28, 2025 9,81,725.90  
         (ii) Average daily cash reserve requirement for the fortnight ending July 11, 2025 9,52,318.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 27, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on June 13, 2025 5,62,116.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/621

    MIL OSI Economics –

  • MIL-OSI New Zealand: Banking – ASB offers relief to upper South Island customers affected by severe weather

    Source: ASB

    ASB will support customers affected by severe weather across Nelson, Tasman and Marlborough with tailored packages, including suspension of home loan repayments and emergency overdraft facilities for personal, business and rural customers.

    ASB Executive General Manager for Personal Banking Adam Boyd says ASB’s team is here to help any customers who require financial assistance or support.

    “We understand this is a really hard time for the region, as communities focus on the huge clean-up effort, while preparing for the potential of further heavy rain later this week. To take some pressure off, we’re activating our relief packages and our teams are ready to talk through practical ways we can help customers facing weather damage to their homes, businesses or farms.”

    ASB’s emergency assistance can be offered to personal, farming and business customers on a case-by-case basis, including:

     

    • Option to suspend home loan principal repayments for up to three months.
    • Immediate consideration of requests for emergency credit card limit increases and overdraft facilities.
    • Tailored solutions for eligible ASB business and rural customers including access to working capital of up to $100,000.

     

    Mr Boyd says weather events such as these are a good reminder for customers to check they have the right insurance cover in place. “We encourage property owners to check their polices are up to date and their coverage is sufficient, particularly if there have been renovations to the property.”

    Personal customers needing support should call ASB’s contact centre on 0800 803 804. Alternatively, customers can email hardship@asb.co.nz.  Affected ASB business and rural customers should speak to their relationship manager or call 0800 272 287. 

     

    Further detail on available support is available at Extreme weather support l ASB: https://www.asb.co.nz/page/extreme-weather-support.html

     

    More information and full terms, fees and charges can be found on ASB’s website.

    MIL OSI New Zealand News –

  • Indian stock market opens flat; Sensex holds above 84,000 mark

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market opened on a steady note on Monday, with benchmark indices trading flat amid positive global cues and selective buying in PSU bank and IT stocks.

    At around 9:27 am, the BSE Sensex was marginally higher by 1.35 points at 84,057.55, while the NSE Nifty gained 6.50 points, or 0.03 per cent, to trade at 25,644.30.

    Analysts attributed the steady start to easing geopolitical tensions in West Asia, a sharp correction in Brent crude prices to 67 dollars per barrel, and encouraging signals on the trade front, including possible deals between the US, China and India.

    Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said that large-cap counters like HDFC Bank, ICICI Bank, Reliance Industries and L&T have been key drivers of the recent rally due to institutional accumulation.

    The Nifty Bank index in early trade was up by 15.15 points at 57,459.05. Meanwhile, the Nifty Midcap 100 advanced by 220.90 points to 59,606.05, while the Nifty Smallcap 100 rose 153.35 points to trade at 19,130.15.

    Within the Sensex pack, M&M, Kotak Mahindra Bank, Bharti Airtel, HDFC Bank, NTPC and UltraTech Cement were among the laggards in the opening session. On the other hand, Trent, SBI, L&T, Eternal, Axis Bank and Hindustan Unilever were trading in positive territory.

    Continued weakness in the dollar index is supporting foreign fund inflows, while retail investor confidence remains strong. Market experts, however, advise caution when making fresh investments at elevated valuations despite the ongoing bull run.

    Foreign institutional investors were net buyers on June 27, picking up shares worth Rs 1,397.02 crore, whereas domestic institutional investors booked profits, selling equities worth Rs 588.93 crore.

    In Asia, key markets such as China, Bangkok, Japan, Seoul and Jakarta were trading higher, while Hong Kong was in negative territory.

    Overnight in the US, the Dow Jones Industrial Average closed higher at 43,819.27, up 432.43 points or 1 per cent. The S&P 500 gained 32.05 points to end at 6,173.07, and the Nasdaq added 105.55 points to close at 20,273.46.

    -IANS