News Centre

Moscow Exchange: Risk Parameters Change For The Security TJX-RM

Date 19/05/2021

As per the Securities market risk parameters methodology, on 19.05.2021, 21-18 (MSK) the lower bound of the price band (up to 4700) and initial margins (up to 17.5 %) for the security TJX-RM were changed. New values are available here

Minutes Of The Federal Open Market Committee, April 27-28, 2021

Date 19/05/2021

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 27–28, 2021.

SEC Charges Healthcare Company And Its Founder With Multimillion Dollar Fraud

Date 19/05/2021

The Securities and Exchange Commission today charged a New Jersey-based healthcare company and its founder with fraudulently raising nearly $4 million from over 130 investors nationwide through the sale of membership units in the company.

BIS: Monetary-Fiscal Crosswinds In The European Monetary Union

Date 19/05/2021

Summary

Focus

This paper studies the monetary-fiscal mix in the European Monetary Union. When economies are hit by large shocks, such as the Covid crisis, the pre-set fiscal rules in a monetary union could be a constraint and offset the conduct of accommodative monetary policy. In addition, a more active fiscal policy could be a powerful tool to stabilise economic conditions when short-term interest rates hit the zero lower bound. The paper develops an econometric framework to study the dynamics between primary deficits, yields and returns, the market value of the debt, and inflation, under different monetary policy scenarios.

ISDA Responds To ESAs On Taxonomy-Related Sustainability Disclosures

Date 19/05/2021

On May 12, 2021, ISDA responded to question four of a joint consultation paper by European Supervisory Authorities on taxonomy-related sustainability disclosures. ISDA recommends the inclusion of derivatives in the proposed key performance indicators (KPIs) for disclosing the extent to which investments are aligned with the taxonomy, but only where they are used to attain the environmental or social characteristics promoted by the financial product or the sustainable investment objective of the financial product. Additionally, ISDA suggests this approach should be applied consistently across all relevant calculation KPIs in respect of Non-Financial Reporting Directive entity reporting under article 8 of the Taxonomy Regulation, as differing interpretations could create investor confusion, result in fragmented outcomes and minimize the potential for evolution of risk management practices in the environmental, social and governance space going forward.

BIS: The Digitalisation Of Money

Date 19/05/2021

Summary

Focus

The ongoing digital revolution may lead to fundamental changes to the traditional model of monetary exchange. Digital currencies facilitate instantaneous peer-to-peer transfers in a way that was previously impossible. New currencies that transcend national borders could redefine how payments and user data interact. They could affect the nature of currency competition, the architecture of the international monetary system and the role of government-issued money.

SEC Awards More Than $28 Million To Whistleblower Who Aided SEC And Other Agency Actions

Date 19/05/2021

The Securities and Exchange Commission today announced an award to a whistleblower totaling more than $28 million in connection with an SEC enforcement action and a related action by another federal agency. 

BIS: FX Policy When Financial Markets Are Imperfect

Date 19/05/2021

Summary

Focus

In the last 15 years, central banks have purchased securities at unprecedented levels via quantitative easing and foreign exchange intervention. These policies have constituted the core response to crises such as the 2008–09 Great Financial Crisis, the 2011–12 European sovereign debt crisis and the ongoing Covid-19 pandemic. In many cases, policymakers have resorted to these policies as traditional monetary policy was constrained by the zero lower bound.

DIFC FinTech Accelerator 2021 To Support More World-Class FinTechs Than Ever Through Innovation Sprints

Date 19/05/2021

• Region’s only FinTech-focused startup ecosystem again leads the way in driving innovation in the finance industry with a new format of its highly successful FinTech Accelerator
• New virtual format for 2021 opens up participation to world-class FinTechs seeking to access Middle East markets and beyond
• Programme is set to support more FinTechs than ever, with two ‘innovation sprints’ offering flexible participation during the year

Moscow Exchange: Risk Parameters Change On Securities Market - Update

Date 19/05/2021

CCP NCC will set the following risk parameters on Securities market due to corporate actions: