News Centre

BIS - On Par: A Money View Of Stablecoins

Date 17/11/2023

The rapid growth in stablecoin issuance, and the recent testing of stablecoins' par settlement promises, has provoked a flurry of papers proposing various forms of regulation and alternatives, from various vantage points. Our vantage point is the money view, which focuses attention on the mechanism of settlement, and the role of forward markets in absorbing price pressure in times of adverse settlement flows.

Launch Of Cross-Border Real-time Payment Systems Connectivity Between Singapore And Malaysia

Date 17/11/2023

• Person-to-person (P2P) cross-border fund transfers are now enabled via PayNow and DuitNow.
• Users can transfer funds instantly between the two countries by using just the recipient’s mobile phone number or Virtual Payment Address (VPA) .

Back To The Future − Speech By Dave Ramsden, Bank Of England Deputy Governor, Markets And Banking, Given At The Society Of Professional Economists Annual Conference, Hosted By Bloomberg

Date 17/11/2023

Dave sets out his views on how the UK economy and the MPC’s forecasts have evolved over the past 12 months. 

Malawi Stock Exchange Weekly Summary, 17 November 2023

Date 17/11/2023

Click here to download Malawi Stock Exchange's weekly summary.

New Document From IFFE FUTURA, Which Joins NATAC, About Its Listing On BME Growth

Date 17/11/2023

• It is the tenth company to register a document of incorporation to this BME market, following one of the largest capital increases in the history of the SME stock Exchange
• Following this transaction, the total financing of all BME Growth companies exceeds 7 billion euros since its creation

UK Financial Conduct Authority Censures NMC Health Plc (In Administration) For Market Abuse

Date 17/11/2023

The Financial Conduct Authority (FCA) has censured NMC Health Plc (NMC) for misleading the market about its debt.

HKEX: Exchange Publishes Its Latest Review Of Issuers’ Corporate Governance Practices And New INED Guide

Date 17/11/2023

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Friday) published the findings of its latest review of issuers’ corporate governance practices (Review), and a new guide for independent non-executive directors (INEDs).

Borsa Istanbul: Announcement About The Changes In The BIST Market Cap Weighted Stock Indices Methodology

Date 17/11/2023

Please click for the relevant Announcement.

ETF Launch Price Impact - CoinShares Research

Date 17/11/2023

The big question once a Bitcoin spot ETF is launched in the US, is just how much inflows into ETFs this may prompt? and what impact on price those flows may have? Some good analysis has already been done on the former by Galaxy who surmised that there are US$14.4 trillion addressable assets in the United States. One could assume that perhaps 10% invest in a spot bitcoin ETF with an average allocation of 1%, which would equate to US$14.4 billion of inflows in the first year. If this were correct then it would be the largest inflows on record, with the largest so far being in 2021, which saw US$7.24 billion of inflows, representing 11.5% of assets under management (AuM). On a proportional basis though, 2021 did not see the largest inflows, that was in 2020, where we saw US$5.5 billion of inflows representing a higher 21.6% of AuM. It was also a year where the price rose by 303%, compared to 60% in 2021.

ETFGI Reports The ETFs Industry In The United States Gathered Net Inflows Of US$33.25 Billion In October

Date 17/11/2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that reports the ETFs industry in the United States gathered net inflows of US$33.25 billion in October, bringing year-to-date net inflows to US$372.55 billion. Assets have increased 7.8% YTD in 2023, going from US$6.51 trillion at end of 2022 to US$7.01 trillion. During the month, assets invested in US ETF/ETP industry decreased by 2.1%, from US$7.16 trillion, according to ETFGI's October 2023 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)