Mondo Visione Worldwide Financial Markets Intelligence

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  • BIS: Cryptocurrencies And Decentralised Finance (DeFi)

    Date 16/12/2022

    Summary

    Focus 

    Historically, financial intermediaries have been the key nodes in the financial system that control the accuracy of customer accounts, perform bookkeeping functions and ensure that unauthorised persons do not have access to an account. But recent advances in technology have enabled, in the form of decentralised finance (DeFi), a new form of intermediation in crypto markets that aims to cut out the middle men and reduce transaction costs. The key elements of the DeFi ecosystem are novel automated protocols on blockchains, ie forms of permissionless distributed ledger in which details of transactions are held in the ledger in the form of blocks of information.

  • Nigerian Exchange Weekly Market Report For December 16th 2022

    Date 16/12/2022

    A total turnover of 814.089 million shares worth N12.204 billion in 15,488 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.225 billion shares valued at N15.243 billion that exchanged hands last week in 15,317 deals.

  • EBA Standardises Information Requirements To Support Sales And Transfers Of Non-Performing Loans

    Date 16/12/2022

    • The EBA introduces information standardisation to increase the efficiency of secondary markets for sales of non-performing loans (NPL) and to reduce entry barriers for smaller banks and smaller investors.
    • The proposed NPL transaction data templates are built on previous voluntary templates and consider the experience of market participants from the sell- and buy-side and other stakeholders.
    • The NPL transaction data templates are the linchpin for numerous initiatives under the December 2020 European Commission’s action plan for NPL in the aftermath of the COVID-19 pandemic.

  • BIS: Governors And Heads Of Supervision Endorse Global Bank Prudential Standard For Cryptoassets And Work Programme Of Basel Committee

    Date 16/12/2022

    • The Basel Committee's oversight body endorses a global prudential standard for banks' exposures to cryptoassets, for implementation by 1 January 2025.
    • Endorses the Committee's work programme and strategic priorities for 2023–24.
    • The programme prioritises work on emerging risks and vulnerabilities, digitalisation, climate-related financial risks and Basel III implementation.

  • BIS: Systemic Fragility In Decentralised Markets

    Date 16/12/2022

    Summary

    Focus 

    Collateral is widely used in financial markets to mitigate asymmetric information problems and to limit credit risk exposure for lenders. In decentralised finance, collateralised lending is automated: collateral value is constantly monitored and margins are enforced by third parties. We focus on the ways in which third party collateral liquidations affect protocol risk, collateral risk and risks to the decentralised financial system.