News Centre

ESMA Publishes Guidelines On Resolvability And Cooperation Arrangements For Central Counterparties

Date 17/11/2022

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published two Final Reports including guidelines on the central counterparties (CCPs) Resolution Regime under the CCP Recovery and Resolution Regulation (CCPRRR). 

BIS: How Capital Inflows Translate Into New Bank Lending: Tracing The Mechanism In Latin America

Date 17/11/2022

Summary

Focus 

Capital inflows affect firms' access to bank lending in emerging market economies. For example, when local banks receive a cross-border loan or when they sell bonds to investors abroad, capital flows into the country that can be passed on to local borrowers. We look at how local lending standards change during periods of high capital inflows by exploring changes in outstanding loans and prices. We compare banks with different balance sheet characteristics and how their lending standards differ for firms with high borrower risk.

FSB Outlines Framework For Monitoring Progress Toward The G20 Cross-Border Payments Targets

Date 17/11/2022

The Financial Stability Board (FSB) today published its report to the G20 on the framework for monitoring progress toward meeting the targets for the G20 Roadmap for Enhancing Cross-border Payments, to achieve cheaper, faster, more transparent, and more accessible payments. The framework includes key performance indicators (KPIs) defined across the 11 targets for the three market segments – wholesale, retail, and remittances. These estimates of progress toward meeting the targets will help to maintain momentum toward, and accountability for, achieving the targets.

Opportunity And Inclusive Economic Growth, Federal Reserve Governor Philip N. Jefferson, At The 2022 Institute Research Conference, Hosted By The Opportunity And Inclusive Growth Institute, Federal Reserve Bank Of Minneapolis, Minneapolis, Minnesota

Date 17/11/2022

Good morning, and thank you. It is a pleasure to be here. I would like to use my time today to answer the question posed by the title of this session: What can the Fed learn from research on opportunity and inclusive growth? But, first, let me remind you that the views expressed are my own and do not necessarily reflect those of anyone else on the Federal Open Market Committee or in the Federal Reserve System.

Securities Commission Of The Bahamas Assumes Control Of Assets Of FTX Digital Markets Ltd.

Date 17/11/2022

On 12 November 2022, the Securities Commission of The Bahamas (“the Commission”), in the exercise of its powers as regulator acting under the authority of an Order made by the Supreme Court of The Bahamas, took the action of directing the transfer of all digital assets of FTX Digital Markets Ltd. (“FDM”) to a digital wallet controlled by the Commission, for safekeeping. Urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM.

ACER To Amend Its Decision On The Long-Term Capacity Calculation Methodology For The Core Region

Date 17/11/2022

The EU Agency for the Cooperation of Energy Regulators (ACER) issued the long-term capacity calculation methodology of the Core capacity calculation region (Core region) with its Decision of 3 November 2021. Following the Board of Appeal’s Decision of 7 July 2022, ACER will revise the methodology and amend its Decision.

Financial Education - Federal Reserve Governor Michelle W. Bowman: At The Financial Literacy And Education Commission Public Meeting, Financial Literacy And Education Commission, Washington, DC (via webcast)

Date 17/11/2022

Good morning. It is a pleasure to join today's meeting, I appreciate the invitation from the Financial Literacy and Education Commission (FLEC) to speak to this important intergovernmental body on these critical issues. I especially appreciate that I am able to participate virtually this morning. The FLEC's efforts to coordinate and elevate the agencies work to advance financial education is critical in furthering progress toward the goal of broad-based financial literacy.

ICE TCFD Solution Provides Greater Transparency Into Carbon Emissions for Asset Managers and Institutional Investors - Leverages ICE’s climate transition and ESG offerings to provide robust reporting solutions

Date 17/11/2022

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the launch of a new service to help asset managers and other financial institutions comply with Task Force for Climate-Related Financial Disclosures (TCFD) requirements.

CryptoCompare Exchange Review - October 2022: Crypto Trading Volume Reaches Lowest Level Since 2020

Date 17/11/2022

The crypto markets rebounded in October with Bitcoin and Ethereum rising 5.49% and 18.4%, respectively. However, this failed to translate into increased trading activity as spot and derivatives trading volume on centralised exchanges recorded new lows in October.

PIMFA Calls On UK Chancellor To Keep Tax Reforms Under Review To Incentivise People To Save And Invest In Future Trading

Date 17/11/2022

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, welcomes the Chancellor’s reforms aimed at stabilising the country’s finances but calls on him to keep reforms of tax policy under review to ensure millions of people are incentivised to save and invest in future.