News Centre

Borsa Istanbul: Uptick Rule Will Be Applied In The Session Dated 01 February 2022 In The Equity Market

Date 01/02/2022

It has been decided that the up-tick rule in short selling transactions to be valid for one day during the session dated 01 February 2022. Please click for the related Announcement.

ISDA derivatiViews: Time To Revisit FRTB Treatment Of Funds

Date 31/01/2022

Setting risk-based capital requirements for banks is a fine balancing act. The level of capital must adequately cover the risk posed by a particular asset without being excessively conservative, which could threaten the ability of banks to participate in that market. The methodologies used for calculating capital must also be sophisticated enough to accurately measure risk, but not so operationally complex and impractical that banks can’t implement them. In some cases, this balance isn’t quite right, and further work is needed to fine-tune the rules. The treatment of equity investments in funds (EIIF) under the revised market risk capital framework is one such area.

BOX Exchange Fee Change – February 2022

Date 31/01/2022

BOX Exchange LLC (“BOX”) is amending Section VIII (Participant Fees) of the BOX Fee Schedule. Specifically, BOX is decreasing the monthly Electronic Market Maker Trading Permit Fees as follows: 

S&P Dow Jones Indices Europe Dashboard

Date 31/01/2022

• 2022 started with a decline in the S&P Europe 350®, although its performance was strong relative to broader developed markets, and the U.S. in particular. 
• Thanks in part to its strong representation in this month’s leading sectors—Energy and Financials—the S&P United Kingdom bucked the trends to finish higher by January’s end. European Information Technology was a major laggard. 
• Consistent with a global outlook for tighter monetary policy, sovereign bonds dropped across the board. Inflation-linked bonds also declined, potentially signalling confidence that inflation will eventually be brought under control.  

CFTC Swaps Report Update

Date 31/01/2022

CFTC's Weekly Swaps Report has been updated, and is now available.

Moscow Exchange: Risk Parameters Change For The Security YNDX

Date 31/01/2022

As per the Securities market risk parameters methodology, on 31.01.2022, 23-06 (MSK) the upper bound of the price band (up to 3916.8) and initial margins (up to 23.75 %) for the security YNDX were changed. New values are available here

CFTC Staff Issues No-Action Letter Regarding Compliance Date For 2020 Amendments To Swap Data Reporting Rules

Date 31/01/2022

The Commodity Futures Trading Commission’s Division of Data (DOD) today issued a no-action letter regarding the compliance dates for the November 25, 2020 amendments to the swap data reporting rules. The amendments became effective on January 25, 2021 with a May 25, 2022 compliance date, except for certain block and cap amendments to CFTC Regulations 43.4(h) and 43.6, which have a May 25, 2023 compliance date.

ISDA Statement On RBSL Consultation On CDOR

Date 31/01/2022

ISDA has published the following statement in response to the release of a consultation on the potential cessation of the Canadian Dollar Offered Rate (CDOR) by Refinitiv Benchmark Services (UK) Limited (RBSL), the administrator of CDOR.

Statement Of CFTC Commissioner Dawn D. Stump Regarding Staff No-Action Letter On Compliance Date For 2020 Amendments To Swap Data Reporting Rules

Date 31/01/2022

The Commission’s Division of Data has today issued a no-action letter providing approximately six additional months for market participants to work through challenges associated with complying with the amendments to swap data reporting regulations recently adopted by the Commission. I believe the Staff’s action is appropriate. Market participants represent that they need this additional time to overcome certain operational and technological issues and to build and test changes to their swap data reporting systems. 

U.S. Department Of The Treasury: Economy Statement By Benjamin Harris, Assistant Secretary For Economy Policy, For The Treasury Borrowing Advisory Committee

Date 31/01/2022

Real GDP growth accelerated in the fourth quarter of 2021, returning to a pace consistent with that seen in the first half of the year.  Economic growth this quarter was driven primarily by inventory investment—as firms restocked depleted inventories—as well as strong export growth and robust consumer spending on services.  By the end of 2021, household balance sheets were exceptionally health due in part to the American Rescue Plan (ARP), other government pandemic assistance, and brisk wage growth.  The pace of GDP growth in the fourth quarter ended 2021 on a historic note: over the four quarters of 2021, real GDP grew 5.5 percent, the fastest annual pace in 37 years.