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BIS: Cross-Border Regulatory Spillovers And Macroprudential Policy Coordination

Date 07/03/2022

Summary

Focus

Financial institutions and markets are highly interconnected. Accordingly, differences in national macroprudential policies can be an important source of international spillovers. Through cross-border regulatory arbitrage, these differences may lead to large swings in capital flows. In turn, the transmission of financial shocks across regions may be magnified – and financial risks exacerbated.  When global financial institutions can evade policy actions taken by regulators in their jurisdiction, financial cycles are not well synchronised across economies. Moreover, reverse spillovers are potentially significant.  However, prior coordination may improve global welfare. This is one of the rationales underlying Basel III's principle of reciprocity.

U.S. Department Of The Treasury: Under Secretary For Domestic Finance Nellie Liang Pens Op-Ed In The Washington Post On Stablecoins

Date 07/03/2022

Yesterday, Under Secretary for Domestic Finance Nellie Liang penned an op-ed in the Washington Post on stablecoins.

Europex Excludes The Saint Petersburg International Mercantile Exchange (SPIMEX) From Its Membership

Date 07/03/2022

Europex and its members are deeply concerned and saddened by the situation in Ukraine and strongly condemn the Russian-led invasion and ongoing aggression. In response to the Russian government’s actions against Ukraine, the General Assembly of Europex has decided to exclude the Saint Petersburg International Mercantile Exchange (SPIMEX) from the Association, effectively terminating their associate membership as of today.

MIAX Exchange Group - Daylight Saving Time - March 2022

Date 07/03/2022

Please be advised the MIAX Options, MIAX Pearl Options, MIAX Emerald Options and MIAX Pearl Equities Exchanges are scheduled to begin Daylight Saving Time at 2:00 AM on Sunday, March 13, 2022.  The MIAX Exchange Group will adjust the system times ahead 1 hour for trading beginning Monday, March 14, 2022.

Nasdaq Updates Trading Halt Status In Yandex N.V.

Date 07/03/2022

he Nasdaq Stock Market® announced that the trading halt status in Yandex N.V. (Nasdaq: YNDX) was changed to "additional information requested" from the company. Trading in the company’s stock had been halted on February 28, 2022 at 06:38:00 Eastern Time at a last sale price of $18.94.

UK Financial Conduct Authority: Recent Statements By Binance And Eqonex Limited

Date 07/03/2022

The FCA is aware of recent statements made by Eqonex Limited and the Binance Group confirming that an entity called Bifinity will advance a US$36 million convertible loan to EQONEX.

Physical Aluminum Transacted For First Time On CME Group's Electronic Auction Platform

Date 07/03/2022

CME Group, the world's leading derivatives marketplace, today announced that physical aluminum was transacted for the first-time ever on CME Group's electronic auction platform. On Thursday, March 3, 2022, 200 metric tons of P1020A aluminum were auctioned for delivery in Owensboro, Kentucky. The transaction was completed at a price of 35.50 cents per pound premium to CME Group's physically-delivered Aluminum futures March 2022 contract, which settled at $3767.75 per metric ton on the same day.

Eighth Meeting Of The Multilateral Leaders Task Force On COVID-19, 1 March 2022: "Third Consultation With The CEOs Of Leading Vaccine Manufacturers" Joint Statement

Date 07/03/2022

The heads of the International Monetary Fund, World Bank Group, World Health Organization, and World Trade Organization held high-level consultations with UNICEF, Gavi, the Vaccine Alliance, the Global Lead Coordinator for the COVID-19 Vaccine Country Readiness and Delivery and the CEOs of leading vaccine manufacturers on 1 March 2022 aimed at ensuring the rapid delivery of vaccines to where they are needed the most and putting those vaccines into arms.

U.S. Department Of The Treasury: Remarks By Under Secretary For Domestic Finance Nellie Liang At The Institute Of International Bankers’ Annual Washington Conference

Date 07/03/2022

Let me start by thanking the Institute for International Bankers for inviting me to join you today. 

Tehran Stock Exchange , The Future Digital Market

Date 07/03/2022

Iran’s largest and the best-equipped capital market data center was officially opened in a ceremony at Tehran Stock Exchange on Sunday, 6 March 2022.