News Centre

CFTC Swaps Report Update

Date 23/05/2022

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

Jerome H. Powell Sworn In For Second Term As Chair Of The Board Of Governors Of The Federal Reserve System

Date 23/05/2022

Jerome H. Powell on Monday took the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System. Chair Powell's oath was administered by Vice Chair Lael Brainard in the press briefing room of the Board's Martin building.

ISDA Responds To ESMA’s Updated Validation Rules For EMIR Refit

Date 23/05/2022

On May 6, 2022, ISDA responded to the European Securities and Markets Authority’s (ESMA) request for feedback on its updated draft validation rules and reconciliation tolerances for a new set of reportable details under the European Market Infrastructure Regulation (EMIR) Refit. The changes made by ESMA were based on responses to the EMIR reporting guidance consultation paper, which ISDA responded to on October 5, 2021. In its response, ISDA highlights its support for the broad changes that ESMA has proposed.

Lael Brainard Sworn In As Vice Chair Of The Board Of Governors Of The Federal Reserve System

Date 23/05/2022

Dr. Lael Brainard took the oath of office as Vice Chair of the Board of Governors of the Federal Reserve System on Monday. Vice Chair Brainard's oath was administered by Chair Powell in the press briefing room of the Board's Martin building.

UK Financial Conduct Authority Response To Amigo’s Scheme Being Approved By The High Court

Date 23/05/2022

The High Court today approved Amigo Loans Limited scheme of arrangement (the scheme) to provide redress to customers who are due it for being mis-sold loans and who raise a complaint.

ECXX Selects OneTick Trade Surveillance

Date 23/05/2022

OneMarketData, LLC (“OMD”), a leader in tick data management and analytics, today announced that ECXX, an asset based digital securities exchange, has selected OneTick Trade Surveillance.

BIS: Central Banks Highlight Ways To Tackle Private Debt Build-Up In The Wake Of The Pandemic

Date 23/05/2022

• Private sector borrowing played a key role in supporting economic activity during the pandemic but higher debt could now pose a risk to financial stability and economic growth
• Emerging vulnerabilities include higher debt among weaker businesses, booming housing markets, and potential misperceptions about the prospects for exceptional policy support that might cause lenders to underprice risks in the future
• New report from the Committee on the Global Financial System (CGFS) suggests ways that policymakers can tackle debt vulnerabilities in the uncertain post-pandemic macroeconomic environment

ESMA Study Looks At Reasons For Lower Costs In ESG Funds

Date 23/05/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a study looking at the potential reasons behind the relatively lower ongoing costs, and better performance, of environmental, social and governance (ESG) funds compared to other funds, between April 2019 and September 2021.

BIS: Rising Household Inflation Expectations: What Are The Communication Challenges For Central Banks?

Date 23/05/2022

Key takeaways

• Household inflation expectations have risen alongside higher inflation. These expectations matter for central banks since they affect consumption decisions and wage demands, shaping the public debate on inflation.
• Households are more influenced by the prices of frequently purchased items. This partly explains why they typically perceive current inflation to be higher than official inflation and why their expectations of future inflation exceed those of professional forecasters.
• Households may not fully appreciate the link between inflation and monetary policy. Continuous and direct engagement by central banks using simple and relatable messages can make communication more effective.

EBA Publishes Final Technical Standards To Identify Shadow Banking Entities

Date 23/05/2022

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures. The final draft RTS clarify that entities carrying out banking activities or services and which have been authorised and supervised in accordance with the EU prudential framework, shall not be considered as shadow banking entities.