News Centre
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EBA Issues Guidelines To Address Gaps In Reporting Data And Public Information In The Context Of COVID-19
Date 02/06/2020
- The Guidelines address, in a proportionate way, data gaps in supervisory reporting and disclosure associated with the measures to deal with the COVID-19 crisis.
- The Guidelines are needed to ensure that the minimum necessary information is available to monitor and assess risks associated with institutions’ activities, and to strengthen transparency and market discipline.
- By design, in the application of these guidelines, proportionality and supervisory flexibility play a key role.
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SIX Trading Key Figures: May 2020
Date 02/06/2020
In May 2020 trading turnover on the Swiss Stock Exchange was down 15.3% compared to the previous month and reached CHF 130.4 billion, while the number of transactions dropped by 11.5% to a total of 7,800,414. In comparison with the corresponding period last year, trading turnover was up by 48.7% to reach CHF 867.9 billion, while the number of trades rose by 111.5% to a total of 47,807,395. The SMI® rose by 2.1% and reached 9,831.5 points at the end of May.
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EBA Announces Timing For Publication Of Its 2020 Spring EU-Wide Transparency Exercise
Date 02/06/2020
The European Banking Authority (EBA) announced today that its 2020 Spring EU-wide transparency exercise with bank by bank data will be released on Monday 8 June at 18:00 CEST.
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BIS: Central Bank Bond Purchases In Emerging Market Economies
Date 02/06/2020
Key takeaways
- In response to the Covid-19 shock, many central banks in emerging market economies have launched local currency bond purchase programmes to address bond market dislocations, signalling that they were willing to take the role of a buyer of last resort.
- Local currency bond yields fell significantly following the programme announcements, with little effect on exchange rates. These positive initial market reactions suggest that the programmes were successful in restoring investor confidence and did not lead to higher inflation expectations, eg due to perceived risks of fiscal dominance.
- Market reactions varied between countries, depending on initial conditions in each jurisdiction as well as on the scope, scale and communication of the bond purchase programmes.
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Bank Of England: Minutes Of The Meeting Of The Court Of Directors Held On 3 April 2020
Date 02/06/2020
The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.
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Ex-Liquidnet EMEA City Head In Esports ‘Series A’ Fund Launch, By Roger Aitken
Date 02/06/2020
The Esports Gaming League (EGL), a UK-based esports agency delivering a technology platform for gamers to enter tournaments across multiple games on a global basis, has launched a ‘Series A’ funding using crowdfunding to expand its activities and growth overseas in a billion dollar industry. It values the business at around £5.5 million (c.$6.7m) on a 'pre-money' basis.
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The European Association Of CCP Clearing Houses (EACH) Elects Board And Defines Strategy For 2020-2022
Date 02/06/2020
During its Annual General Assembly meeting held on 29th May 2020, the 19 members of the European Association of CCP Clearing Houses (EACH) elected the following Board Members for a two-year mandate:
- Co-Chair - Julien Jardelot, Head of Europe, Government Relations & Regulatory Strategy, LSEG
- Co-Chair - Teo Floor, Vice President, CCP Risk Management, Eurex Clearing
- Co-Chair - Tim Grange, Director of Regulatory Policy, ICE Clear Europe
- Member - Arnoud Siegmann, Chief Risk Officer, EuroCCP
- Member - Erica Brown, Head of International Affairs, Nasdaq Clearing
- Member - Marcin Truchanowicz, Managing Director, KDPW_CCP
- Member - Ian Cornwall, Director, Head Market Structure, SIX Securities & Exchanges, SIX x-clear
- Member - Xavier Aguilá, Managing Director Operations, BME Clearing
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EEX Gains Majority Share Of Volume And Open Interest In Dry Freight Market
Date 02/06/2020
The European Energy Exchange (EEX) achieved another milestone in its Freight business today by gaining the majority share of volume in the total Dry Freight market for the first time since launching the business in 2016.
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Purdue University/CME Group Ag Economy Barometer: COVID-19 Continues To Impact Farmer Sentiment - Majority Indicate Economic Assistance Bill Necessary
Date 02/06/2020
Farmer sentiment improved slightly in May after falling sharply in both March and April, according to the Purdue University/CME Group Ag Economy Barometer. The index was up 7 points from April to a reading of 103, but it remained nearly 40 percent below its all-time high of 168 set in February 2020. The Ag Economy Barometer is based on responses from 400 U.S. agricultural producers and this month's survey was conducted between May 18-22.
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MSCI Appoints Axel Kilian As Head Of EMEA Client Coverage
Date 02/06/2020
MSCI Inc. (NYSE: MSCI), a leading provider of mission critical decision support tools and services for the global investment community, announced today that Axel Kilian has been appointed to the role of Head of Client Coverage - Europe, Middle East and Africa (EMEA), effective June 1, 2020. Based in London, Mr. Kilian reports to Alvise Munari, Global Head of Client Coverage.
