News Centre

CISI And Tanzania’s Capital Markets And Securities Authority (CMSA) Collaborate To Introduce Internationally Recognised CPD

Date 04/03/2024

The Chartered Institute for Securities & Investment (CISI) and the Capital Markets and Securities Authority (CMSA) of Tanzania are delighted to announce a strategic partnership aimed at providing internationally recognised Continuing Professional Development (CPD) programs tailored for professionals within the Tanzanian capital markets. This collaboration seeks to elevate the knowledge and skills of professionals operating within CMSA-regulated firms.

ISDA Publishes Whitepaper Charting The Next Phase Of India’s OTC Derivatives Market

Date 04/03/2024

ISDA has published a new whitepaper that explores the growth of India’s financial markets and makes a series of market and policy recommendations to encourage the further development of a safe and efficient over-the-counter (OTC) derivatives market.

The EBA Consults On Draft Technical Standards On Off-Balance Sheet Items Under The Standardised Approach Of Credit Risk

Date 04/03/2024

• The EBA plays an important role in the implementation of the Basel III framework through the Banking Package in the EU. 
• These draft technical standards are part of the first phase of the EBA roadmap on the implementation of the EU Banking Package.
• These draft technical standards will contribute to a more a robust regulatory framework, efficient supervision, and enhanced risk control by credit institutions. 

The IFRS Foundation Monitoring Board Reaffirmed The Importance Of Ongoing Oversight Of The Standard-Setting Activities And Governance Of The IFRS Foundation

Date 04/03/2024

During last week’s meeting of the IFRS Foundation Monitoring Board in Madrid, Spain, the Monitoring Board discussed the activities of the Trustees of the IFRS Foundation, including their oversight responsibilities of the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB). The meeting was joined by the members of the Trustees of the IFRS Foundation under the leadership of Erkki Liikanen, Chair of the Trustees, and also Andreas Barckow, Chair of the IASB, and Emmanuel Faber, Chair of the ISSB.

Transcorp Power Lists On NGX At N1.8trn Market Capitalization.

Date 04/03/2024

Nigerian Exchange Limited on Monday, 4 March 2024 admitted 75 billion shares of Transcorp Power Plc at N240 per share to its Main Board.

OCC February 2024 Monthly Volume Data

Date 04/03/2024

LBMA London Gold Price Reaches New All Time High

Date 04/03/2024

The LBMA London gold price hit a new high of $2,083.15 today, March 4, 2024, at the AM auction.

CISI Future Foundation Awards First-Ever International Grant To Junior Achievement Ireland

Date 04/03/2024

The CISI Future Foundation (“the Foundation”) is pleased to announce that it has made its first international grant of €25,295 to Junior Achievement Ireland.

Fiserv Unveils New Global Headquarters In Downtown Milwaukee

Date 04/03/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology solutions, today celebrated a milestone move to its new global headquarters in downtown Milwaukee. The new location, at 600 Vel R. Phillips Ave., is designed to bring together Fiserv associates, clients and prospects in a modern digital-first workplace that embodies the company’s innovative solutions and expertise with uniquely local trademark features.

ICE Mortgage Monitor: First-Time Homebuyers Make Up Record 47% Of GSE Purchase Loans, 39% Of All GSE Securitizations In 2023

Date 04/03/2024

• Though originations hit a 30-year low in 2023, ICE eMBS data shows first-time homebuyers (FTHB) made up the highest share of agency purchase security issuance in at least 10 years
• In 2023’s 80%+ purchase-driven market, FTHBs account for an exceptionally high share (44%) of overall agency securities issuance, raising the specter of performance risk for MBS investors
• The impact is most pronounced among GSE securities, in which FTHB purchase loans account for 39% of all 2023 issuance, a 12 pp higher share than any other vintage in the past decade
• ICE data shows FTHBs have higher average front-end debt-to-income (DTI) ratios, but back-end DTIs similar to repeat buyers, spending more on housing but less on other forms of debt
• While demand in the mortgage market continues to track closely with interest rate movements, recent periods of easing have highlighted the potential for a rebound in refinance lending if rates move lower
• With the ICE US Conforming 30-year Fixed Mortgage Rate Lock Index showing January rates averaging 6.6%, rate/term refis returned to make up 24% of the month’s refinance activity, a nearly two year high
• As noted last month, industry rate predictions would have millions of recent borrowers in the money for a refi by the end of 2024, yet servicers’ retention of such borrowers hit a 17-year low in Q4 2023
• According to ICE Market Trends data, the number of days from rate lock to close matched a 4.5 year low in January, shortening secondary market hedging times