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BIS: Alternative Monetary-Policy Instruments And Limited Credibility: An Exploration

Date 14/06/2022

Summary

Focus

Inflation-targeting frameworks has led the literature to focus on monetary policy rules with a short-term interest rate as the main instrument. However, this is not representative of monetary policy implementation around the world. According to IMF AREAER database, in 2019 only 21% of 192 countries use such an instrument. Also, most studies analyzing rules for interest rates assume rational expectations and a high degree of credibility. However, many low-income and emerging countries face limited credibility. This paper study on what extent the instrument choice depends on the limits to credibility.

Tel Aviv Stock Exchange Continues To Upgrade The Israeli Capital Market And Adjust It With International Standards - Presenting A Comprehensive Reform To Enhance Liquidity In The TASE Indices

Date 14/06/2022

For the first time, the liquidity criteria will materially affect the weight of the companies included in TASE's indices

luxtradegroup.de: BaFin Investigates Tristan Invest LLC

Date 14/06/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Tristan Invest LLC has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin. The information provided on the company’s website, luxtradegroup.de, gives reasonable grounds to suspect that the company, under the name LuxTrade or Monolux Trade Group, is conducting banking business and providing financial services in Germany without the required authorisation.

Artel Electronics LLC Becomes The Largest Private Company To Place Bond On Tashkent Stock Exchange

Date 14/06/2022

On Friday, Artel Electronics LLC (Artel), Central Asia's leading electronics and home appliance manufacturer, became the largest 100% privately-owned company to successfully place a corporate bond on the Tashkent Stock Exchange (TSE). The company placed a debut three-tranche bond offering of UZS 30bln (US$2.71m), with maturities of 12-18 months, a coupon interest rate of 21 - 22.5%, and quarterly payments. The Central Bank of Uzbekistan base rate is currently 16%.

Pico Launches Its Highest Performance Network Analytics With Major Corvil Software Update

Date 14/06/2022

• Corvil Analytics 9.7 delivers critical new features to monitor, optimize and diagnose network health in complex 100Gbps trading and enterprise environments
• Follows the recent successful launch of Pico’s flagship Corvil 10000 appliance which achieves sustained 100Gbps real-time processing

CME Sees First Trades In Eris BSBY Swap Futures

Date 14/06/2022

• Launched in April, CME Eris BSBY Swap Futures now feature two-sided markets streaming in 1-3y tenors
• The Bloomberg Short-Term Bank Yield Index (BSBY) was created to address banks’ requests for a credit-sensitive rate to manage the spread between their funding costs paid and loan interest received 
• For more information, visit erisfutures.com/bsby

BaFin: Adler & Bernstein, Website Operator Of Adlerundbernstein-Ipoelite.Com: Suspected Violation Of The Prospectus Requirement

Date 14/06/2022

BaFin has sufficient grounds to suspect that the website operator of adlerundbernstein-ipoelite.com, Adler & Bernstein, which states that its registered office is in London, UK, is offering shares of Mobileye N.V. to the public in Germany without the required prospectus.

Bursa Malaysia Derivatives Completes First Physical Delivery Of East Malaysia Crude Palm Oil Futures In Sarawak

Date 14/06/2022

Bursa Malaysia Derivatives Berhad (“Bursa Malaysia Derivatives” or “the Exchange”) has successfully completed the first physical delivery of its East Malaysia Crude Palm Oil Futures Contract (“FEPO”) in Sarawak last Friday, 10 June 2022.

ADX’s Successful London Roadshow Showcases The Growth And Strength Of Abu Dhabi Capital Markets As International Institutional Investor Participation And Demand Continues To Increase

Date 14/06/2022

Abu  Dhabi  Securities  Exchange  (ADX)  has successfully completed a London investor roadshow which saw ADX host a delegation of over 25 senior executives from 9 listed companies and the exchange. The sizeable Abu Dhabi capital market representation reinforces the strong focus on investor relations and continuous dialogue that ADX and its listed companies continue to foster with international and institutional investors.

MFS Africa Announces The Extension Of Its Series C To US$200 Million - Admaius Capital Partners Led The US$100 Million Extension

Date 14/06/2022

MFS Africa, Africa’s largest digital payments network, today announces that it has secured an additional US$100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to US$200 million. New investors, Vitruvian Partners and AXA IM Alts joined the extension, alongside existing investors, AfricInvest FIVE and CommerzVentures, who re-invested in the extension. Previous other investors include LUN Partners Group, Goodwell Investments, Allan Gray Ventures, Endeavor Catalyst and Endeavor Harvest, Equator Capital Partners, Ulme B.V., and Vlemeij B.V.