News Centre

Remit And Recommendations For The Financial Policy Committee – November 2023 - Letter From The Chancellor To The Governor Of The Bank Of England

Date 22/11/2023

Published on 22 November 2023

LetterOpens in a new window

US Federal Agencies Extend Comment Period On Proposed Rule To Require Large Banks To Maintain Long-Term Debt

Date 22/11/2023

Federal bank regulatory agencies announced today that they will extend until January 16, 2024, the comment period on their long-term debt proposed rule to improve the resolvability of large banks and enhance financial stability. The agencies extended the comment period to allow interested parties more time to analyze the issues and prepare their comments.

ICE First Look At Mortgage Performance: Foreclosure Starts Rose In October, Despite Serious Delinquencies Returning To 17-Year Lows

Date 22/11/2023

• The national delinquency rate fell 3 basis points (bps) to 3.26% in October, marking a 9 bps (-2.8%) improvement from the same time last year
• Serious delinquencies (90+ days past due) fell to 447K, once again hitting their lowest levels since 2006
• Loans 30-days late also declined, marking the first such improvement in five months
• Despite the improvement in delinquencies, foreclosure starts rose to 33K in October, hitting their highest levels in 18 months – while the number of foreclosure sales (completions) remained relatively flat
• Active foreclosure inventory inched up 3K to 217K, but remains more than 25% below prepandemic levels
• While foreclosure starts rose in October, near term risk remains muted, with serious delinquencies historically low and more than 70% of such loans protected from foreclosure by loss mitigation efforts
• Prepay activity (measured as single-month mortality) dwindled to just 0.43% under continued seasonal pressure, despite interest rates easing somewhat from the prior month

Latibex Forum Highlights Latin America's Potential And Closes Its 25th Edition With More Than 250 Meetings Between Investors And Companies

Date 22/11/2023

• This year's edition highlighted the growing importance of sustainability in the investment sector and the opportunities that Latin America offers
• The Latibex Top index is up nearly 9% year-to-date and the Latibex Brazil index is up more than 11%

Remit For The Monetary Policy Committee - November 2023: Letter From The Chancellor To The Governor Of The Bank Of England

Date 22/11/2023

LetterOpens in a new window

LME Asia Week 2024

Date 22/11/2023

The purpose of this notice is to inform members and the global metals community of the date and details for LME Asia Week 2024.

Boston Partners Goes “Live” With Rimes’ Matrix Investment Management Platform

Date 22/11/2023

Rimes is pleased to announce that Boston Partners has successfully launched the Matrix investment management platform, as its enterprise data warehouse. This initiative has enabled Boston Partners to streamline their data management operations, integrating data from multiple sources for enterprise reporting, business intelligence, historical retention, and distribution to downstream consuming systems.

HKEX To Introduce New Market Data Subscription Options And Reduce Mobile Market Data Service Fee

Date 22/11/2023

• HKEX to introduce Enterprise Data Package, offering market participants greater flexibility to meet their business needs in December
• From December, monthly mobile market data service fee will be reduced to $10 per user from $38
• HKEX to explore further enhancements to its market data offering, with a view to providing greater flexibility and customisation

SEB Implements Blacksmith’s KYC Platform For Automation Of Its Financial Institutions KYC Process

Date 22/11/2023

Blacksmith KYC and the leading Nordic corporate bank Skandinaviska Enskilda Banken AB (SEB) are pleased to announce that SEB is implementing Blacksmith’s KYC platform to automate and improve its data collection for financial institutions KYC. SEB and Blacksmith KYC embarked on a KYC improvement journey together one year ago. Following the successful execution of an initial KYC pilot project, the platform has now been implemented to digitalise the financial institutions KYC process at SEB.

Abu Dhabi Securities Exchange (ADX) Welcomes The Listing Of The First Ever Dirham Dominated Green Sukuk Issued By First Abu Dhabi Bank (FAB)

Date 22/11/2023

• The AED 1.3 billion issuance, is the first ever Green issuance in dirham and the largest ever dirham sukuk
• The listing marks the fifth green debt instrument on ADX