News Centre

Minutes Of The Federal Open Market Committee, June 14-15, 2022

Date 06/07/2022

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 14–15, 2022.

Euronext Announces Volumes For June 2022

Date 06/07/2022

Euronext, the leading pan-European market infrastructure, today announced trading volumes for June 2022.

Intercontinental Exchange Reports June And Second Quarter 2022 Statistics - Second Quarter ADV Up 12% y/y - OI Up 3% y/y

Date 06/07/2022

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today reported June 2022 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

BIS: What Drives Repo Haircuts? Evidence From The UK Market

Date 06/07/2022

Summary

Focus

Contract terms are rarely disclosed in repo markets, except for repo financed by US Treasury securities. As a result, we still know relatively little about the market-wide relationships between haircuts, collateral and counterparty characteristics. This is especially true of the European repo market, where there is a shortage of high-quality collateral since government bonds are of heterogeneous quality. Our paper fills this gap in the literature by estimating these relationships using a transaction-level UK data set and, importantly, by showing what types of market friction (eg adverse selection) are relevant for repo haircuts in general.

ESMA Publishes Latest Edition Of Its Newsletter

Date 06/07/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its latest edition of its Spotlight on Markets Newsletter.

Eris Launches Web Site Dedicated To BSBY

Date 06/07/2022

• Eris has launched BSBY Watch, a web site focused on tracking the development of the Bloomberg Short Term Bank Yield index (BSBY)
• BSBY Watch aggregates news, data and analysis, offering readers a single source for BSBY-related information
• BSBY offers the market a forward-looking, credit-sensitive interest rate based on the actual transactions of instruments used by global banks to fund themselves

Readout: US Secretary Of The Treasury Janet L. Yellen’s Third Meeting With The Heads And Private-Sector Leads Of The Multilateral Development Banks To Discuss Climate Finance, With A Focus On Adaptation

Date 06/07/2022

Today, Secretary of the Treasury Janet L. Yellen convened the heads and private sector leads of several of the multilateral development banks (MDBs) for a third time. This meeting follows two previous meetings in 2021 where she urged the MDBs to rapidly align their portfolios with the goals of the Paris Agreement and to redouble their efforts to mobilize significantly more private capital for climate. Participants included U.S. Special Presidential Envoy for Climate John Kerry and representatives from the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank Group, and the World Bank Group.

Eris Sets 21k ADV Record In June

Date 06/07/2022

• CME Eris Swap Futures set a new record in June with 21,100 contracts average daily volume (ADV)
• This mark surpasses the previous record of 18,659 ADV in March 
• 2-year Eris Libor (LIT) saw the largest share of this daily volume, as participants hedged recent volatility at the short end
• June saw multiple end users switch to Eris SOFR and the first trades in CME's new Eris BSBY Swap Futures

Returning Inflation To Target − Speech By Huw Pill, Bank Of England, Chief Economist And Executive Director, Monetary Analysis, Given At Kings College, London And Qatar Centre For Global Banking And Finance Conference

Date 06/07/2022

These are difficult times for many people. Getting inflation back to our 2% target is important if we are to have a stable economy that supports people’s jobs and incomes. Huw Pill sets out how we’re doing that.

NGX, GSE Chart Ways For Capital Market Collaborations

Date 06/07/2022

Nigerian Exchange Limited (“NGX” or “The Exchange”) hosted the leadership of Ghana’s Securities and Exchange Commission, Ghana Stock Exchange and Central Securities Depository (GH) LTD to a Closing Gong Ceremony on Tuesday, 5th July 2022 to deepen regional collaborations.