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EBA Publishes Final Draft Technical Standards On Default Probabilities And Loss Given Default For Default Risk Model Under The Internal Approach For Market Risk

Date 21/03/2022

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on probabilities of default (PDs) and losses given default (LGDs) for default risk model for institutions using the new Internal Model Approach (IMA) under the Fundamental Review of the Trading Book (FRTB). These final draft RTS specify the requirements for estimating PDs and LGDs using an institution's internal methodology or external sources. These draft RTS are part of the deliverables included in the roadmap for the new market and counterparty credit risk approaches.

Digiterre Appoints Mark Pickering As Director, Energy And Commodities

Date 21/03/2022

Digiterre, a software and data engineering consultancy, today announced the appointment of Mark Pickering as Director, Energy and Commodities. Mark joins Digiterre from CIO Squared, an IT consultancy he founded to serve the Oil & Gas, Energy & Commodities, and financial services sectors.

BIS: Quantitative Forward Guidance Through Interest Rate Projections

Date 21/03/2022

Summary

Focus

Forward guidance on the future path of policy rates has become a key element of central banks' monetary policy toolbox over the past decade. This paper analyses quantitative forward guidance through the publication of interest rate projections, a practice pursued by some inflation targeting central banks.

Borsa İstanbul’s Opening Bell Rang For Global Money Week

Date 21/03/2022

In Turkey, Global Money Week launched with the Opening Bell Ceremony organized in cooperation with Fo-der and Borsa İstanbul.

Fiserv And MX Enable Secure Consumer Financial Data Access To Accelerate Future Of Open Finance - Companies Facilitate Access To Tokenized Consumer Data To Enable Businesses To Better Serve Customers Across Their Many Financial Touchpoints

Date 21/03/2022

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, and MX, a financial data platform provider and a leader in modern connectivity, are accelerating the future of open finance through secure, reliable consumer financial data sharing. MX is the first company to access tokenized consumer data via AllData® Connect from Fiserv, to better enable a more secure way for consumers to share their financial data with their favorite apps or services.

Worldline And Mainsys Implement An Innovative Visa Debit-Bancontact Card Solution - A Bundled Innovative Account And Payment Card Solution Is Now Available For Banks And Neo-Banks

Date 21/03/2022

Worldline [Euronext: WLN], a global leader in payments services, has entered a partnership with Mainsys Financial Software, a Belgian IT company that offers comprehensive banking solutions. The joint solution has been recently rolled out for the first time to manage co-badged Visa Debit-Bancontact cards.

ICE Launches Biotechnology Index Futures And Semiconductor Index Futures Contracts

Date 21/03/2022

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today announced that it has launched two new thematic equity index futures contracts: the ICE Biotechnology Gross Total Return (GTR) Index and the ICE Semiconductor GTR Index futures contracts.

FSB Report Finds That COVID-19 Has Accelerated The Trend Towards Digitalisation Of Retail Financial Services

Date 21/03/2022

The Financial Stability Board (FSB) published today a report about FinTech and Market Structure in the COVID-19 Pandemic.

ICE Launches Multi-Faceted Global Brand And Advertising Campaign

Date 21/03/2022

• The new commercial -- titled “Make the Connection” -- evokes the heart of ICE’s business model of creating transparency in markets to help drive opportunity
• The updated brand further unifies the company and tells the ICE story as one cohesive organization

Clearlake Capital And Motive Partners Agree To Acquire BETA+ From London Stock Exchange Group - Clearlake Capital And Motive Partners To Acquire BETA, Maxit, And Digital Investor From LSEG, Adding New Capabilities To Their Wealth Ecosystem, And Forms A Strategic Partnership Between BETA+, The Sponsors’ Portfolio Companies And LSEG

Date 21/03/2022

Clearlake Capital Group, L.P. ("Clearlake") and Motive Partners ("Motive" and collectively, the “Sponsors”), today announced that they have entered into a definitive agreement to acquire the BETA+ assets from London Stock Exchange Group (“LSEG”), which encompasses the assets of BETA (securities processing, custody, clearing, and asset servicing technology), Maxit (cost and tax basis reporting software), and Digital Investor (front-end client solutions), collectively referred to as “BETA+”. Additionally, Clearlake and Motive Partners have simultaneously formed a long-term strategic partnership with LSEG, in which LSEG will provide content, data, and tools to BETA+ and the Sponsors’ other portfolio companies.