News Centre

Canadian Securities Regulators Propose Amendments To Settlement Cycles For Securities

Date 19/10/2023

The Canadian Securities Administrators (CSA) today published for comment amendments that would help mutual funds that voluntarily shorten their trade settlement cycle from two trading days to one (T+1).

The EBA Sets EU-Wide Examination Programme Priorities For Prudential Supervisors For 2024

Date 19/10/2023

The European Banking Authority (EBA) today published the European Supervisory Examination Programme (ESEP) for 2024, which identifies key topics for heightened supervisory attention across the European Union. The ESEP is aimed at driving supervisory convergence by providing Competent Authorities with a single set of priorities for implementation in 2024.

Opening Remarks, Federal Reserve Chair Jerome H. Powell, At The Economic Club Of New York Luncheon, New York, New York

Date 19/10/2023

Incoming data over recent months show ongoing progress toward both of our dual mandate goals—maximum employment and stable prices.

Cboe Global Markets Announces 2023/2024 Options Institute Academic Research Grant Program with Sponsors S&P Dow Jones Indices And SpiderRock Advisors

Date 19/10/2023

• S&P Dow Jones Indices to sponsor fundamental research that explores price efficiency and liquidity in the fixed income index ecosystem
• SpiderRock Advisors to sponsor fundamental research focused on the impact of derivatives solutions for private wealth management and institutional investors

ISDA: Accounting For Carbon Credits

Date 19/10/2023

At present, there are no specific International Financial Reporting Standards (IFRS) or US Generally Accepted Accounting Principles (US GAAP), or interpretations of those standards, that relate to carbon credit markets. This whitepaper addresses key accounting questions under existing guidance for both compliance carbon credits and voluntary carbon credits.

BIS: System-Wide Dividend Restrictions: Evidence And Theory

Date 19/10/2023

In March 2020, the ECB's Single Supervisory Mechanism recommended that euro area banks should refrain from distributing dividends for the financial years 2019 and 2020 until October 2020 at the earliest. The aim was to preserve bank capital to continue funding households and firms amid the Covid-19 crisis.

ISDA: Response To UK Prudential Regulation Authority And UK Financial Conduct Authority On Margin Requirements

Date 19/10/2023

On October 18, ISDA, the Investment Association, the Alternative Investment Management Association and the American Council of Life Insurers responded to the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) consultation on margin requirements for non-cleared derivatives. In the response, the associations welcome the proposal to extend the temporary exemption from UK margining requirements under BTS 2016/2251 for single-stock equity and index options from January 4, 2024 until January 4, 2026, allowing the PRA and FCA to gather the evidence necessary to create a permanent regime. The associations believe a permanent exemption of equity options from the margin regulatory technical standards is warranted.

London Stock Exchange – Technical Incident Update

Date 19/10/2023

As announced on the Live Service Portal, the London Stock Exchange earlier experienced a technical incident. This incident has now been resolved, with all resting orders in affected securities expired. 

DTCC Signs Definitive Agreement To Acquire Blockchain-Based Financial Technology Firm Securrency Inc. To Drive Development Of The Digital Post-Trade Infrastructure For The Global Financial Markets - Acquisition Will Position DTCC To Provide Global Leadership In Bridging Best-In-Class Industry Practices With Advanced Digital Technology To Encourage Adoption Of Digital Assets

Date 19/10/2023

DTCC, the premier market infrastructure for the global financial services industry, today announced it has signed a definitive agreement to acquire Securrency Inc. (“Securrency”), a leading developer of institutional-grade, digital asset infrastructure. The acquisition, which is expected to close within the next several weeks, will position DTCC to provide global leadership in bridging best-in-class industry practices with advanced digital technology to encourage acceptance and adoption of digital assets.

BIS: What Can 20 Billion Financial Transactions Tell Us About The Impacts Of Covid-19 Fiscal Transfers?

Date 19/10/2023

Fiscal transfers can play a key role to support an economy facing a downturn. During the Covid-19 pandemic in 2020 and 2021, governments promptly implemented direct cash transfers to individuals. We analyse the impacts of these transfers on household consumption and investigate the different responses across individuals of varying income levels.