News Centre

BIS: Markups And The Asymmetric Pass-Through Of Cost Push Shocks

Date 28/11/2023

Focus

Many countries have witnessed a significant increase in corporate pricing power in recent decades. Against this background and following the post-Covid surge in inflation, there was hope that high markups could absorb some of the cost pressures. However, high markups could also contribute to inflation. Firms with a high degree of market power may find it easier to pass on cost increases to their customers. Likewise, firms charging high markups could retain some of the benefits of falling input costs.

FSB Assesses Risks Of Multi-Function Crypto-Asset Intermediaries

Date 28/11/2023

• Report warns that combining different activities within multifunction crypto-asset intermediaries (MCIs), many of which are typically restricted or separated in traditional finance, could exacerbate MCI vulnerabilities.
• Financial stability implications from the failure of an MCI will depend on the effective implementation and enforcement of comprehensive and consistent regulations to crypto-asset markets globally.
• Further work may be needed to enhance cross-border cooperation and information sharing and to address information gaps identified in the report.

Sustainability Disclosure And Labelling Regime Confirmed By The UK Financial Conduct Authority

Date 28/11/2023

The FCA has confirmed a substantial package of measures to improve the trust and transparency of sustainable investment products and minimise greenwashing.

Eurex Has Refined Its Market Disruption Rules

Date 28/11/2023

With effect from 27 November 2023, Eurex has refined its Market Disruption Rules based on the experience gained in past crisis situations (Russia’s war against Ukraine, Covid-19 crisis), in which the orderly price discovery of a derivative instrument may be distorted, and orderly trading may no longer be maintained.  

CUSIP Global Services And BeZero Carbon Create Unique Identifiers For Carbon Credits To Improve Transparency And Efficiency In The Voluntary Carbon Market

Date 28/11/2023

• Global leader in securities identification CUSIP Global Services and carbon ratings agency BeZero Carbon have partnered to create identifiers for carbon credits.
• Unique, nine-digit CUSIP identifiers, which are widely used across the financial industry, will be assigned to all carbon credit projects listed on the major registries across the voluntary carbon market (VCM).
• This will make carbon credit trading more efficient as the market continues to scale, and will help market participants manage risk by uniquely identifying credits at a vintage level.

CME Group U.S. Treasury Futures Open Interest Surpasses Record 21 Million Contracts

Date 28/11/2023

• Highest-ever annual ADV of 5.5 million contracts also reached in 2023

CFTC Commissioner Goldsmith Romero To Participate On A United Nations Panel With IOSCO And ESMA At COP28

Date 28/11/2023

Optiver Joins Plato Partnership As A Sell-Side Member - Optiver Is The First Market Maker To Be Admitted As A Full Member Of Plato Partnership

Date 28/11/2023

Plato Partnership, the not-for-profit member organisation bringing creative solutions and efficiencies to today’s equity market, has admitted Optiver, the global market maker and leading liquidity provider, as a sell-side member. This marks a significant milestone for Plato, as well as for Optiver, as the firm becomes the first market-making company to join the Partnership as a full member.

SIX Digital Exchange And DLT Finance Partner To Offer End-To-End Crypto Trading And Custody For Institutional Clients

Date 28/11/2023

SIX Digital Exchange (SDX), a leading crypto service and infrastructure provider, part of SIX Group, announces a collaboration with DLT Finance, a BaFin-licensed trading and brokerage firm, to expand their institutional crypto services. In this collaboration, SDX will assume the roles of custodian and staking provider, while DLT Finance's subsidiary DLT Securities GmbH will serve as a fully embedded counterparty for brokerage and trading.

UK Inflation Since The Pandemic: How Did We Get Here And Where Are We Going? − Speech By Jonathan Haskel, Bank Of England, Member Of The Monetary Policy Committee, Given At The University Of Warwick

Date 28/11/2023

Jonathan explores the drivers of UK inflation since 2020 by applying the Bernanke and Blanchard (2023) model to the UK. Using this model he shows the role of wages, labour market tightness, energy prices, food prices, shortages and inflation expectations in explaining recent UK inflation. He reflects on past MPC decisions and gives some thoughts for future monetary policy. Under current conditions, he sees limited scope for moderation in rates soon.