News Centre

BIS: Futures-Based Commodity ETFs When Storage Is Constrained

Date 12/04/2021

Key takeaways

• Exchange-traded funds (ETFs) that hold futures contracts on commodities are an important link between commodity markets and financial markets.
• When commodity storage capacity is constrained, investor flows into ETFs holding futures can lower, instead of raise, commodity prices due to potentially high costs of physical storage.
• April 2020 briefly witnessed negative prices for the nearest-maturity futures contract on WTI oil, possibly due to such a combination of storage constraints and investor flows into ETFs.

ACER Consults On The Cross-Border Capacity Allocation Methodologies For The Exchange Of Balancing Capacity In 19 EU Member States

Date 12/04/2021

The European Union Agency for the Cooperation of Energy Regulators (ACER) launches today a public consultation on the cross-border capacity allocation methodologies for the exchange of balancing capacity in the Hansa, Core and Baltic regions, covering 19 EU Member States.

CISI Introduces New Sustainable And Responsible Investment Course For Practitioners To Help Unravel The Jargon Around Ethical Finance

Date 12/04/2021

The Chartered Institute for Securities & Investment (CISI) has introduced a new online, intermediate-level course covering the important area of sustainable and responsible investment, that provides the knowledge and information to unravel the jargon for financial services practitioners.

Bitfinex Launches Live Chat Customer Support

Date 12/04/2021

Bitfinex, a state-of-the-art digital token trading platform, has launched live customer support, providing the exchange’s growing user base with instant access to its industry-renowned customer service team.

Bank Of England: The Global Outlook, International Trade And Resilience - Slides By Silvana Tenreyro, Presented At International Policy Talks: Economic Shocks And Trade Webinar

Date 12/04/2021

Slides

US Federal Reserve Board Accepting Applications For Its Community Advisory Council

Date 12/04/2021

The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board's other advisory councils whose members represent depository institutions—the Federal Advisory Council and the Community Depository Institutions Advisory Council.

FTSE Russell Launches First Climate Index For The Inflation-Linked Government Bond Market

Date 12/04/2021

• FTSE Russell expands climate risk-adjusted index range to multi trillion-dollar inflation linked market
• New index meets investor demand to mitigate both climate risk and inflation risk in global fixed income markets
• Launch follows BlackRock iShares’ selection of FTSE Russell’s FTSE Advanced Climate WGBI and the FTSE Advanced Climate EGBI as the basis of new climate risk-adjusted government bond ETFs

Global X ETFs Tackles Global Water Scarcity With The Release Of Its Global X Global Clean Water Industry ETF

Date 12/04/2021

Constituting only 1.2 percent of the Earth’s surface, clean water is one the most valuable resources of the planet and vital for every life form. Water scarcity, a global demographic change, and industrial demand present new challenges to the global water sector, with climate change condensing the pressure even more. In the wake of potential global water scarcity, Global X recognized the need for action and released its Global X Clean Water ETF (AQWA), tracking companies active in the business of clean water provision. The ETF tracks the Solactive Global Clean Water Industry Index.

FSB - Global Securities Financing Data Collection And Aggregation: Frequently Asked Questions

Date 12/04/2021

Securities financing transactions (SFTs) such as securities lending and repurchase agreements (repos) play a crucial role in supporting price discovery and secondary market liquidity for a wide variety of securities. However, such transactions can also be used to take on leverage and can lead to maturity and liquidity mismatched exposures. They therefore can pose risks to financial stability.

Readout: U.S. Department Of The Treasury Co-Hosts Sudan Debt Relief Roundtable Event

Date 12/04/2021

Earlier today, Andy Baukol, Performing the Duties of Under Secretary of the Treasury for International Affairs, and Ambassador Donald Booth, U.S. Special Envoy for Sudan, co-hosted a virtual roundtable event to advance Sudan’s efforts to secure debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Treasury welcomed the participation of His Excellency Dr. Gebril Ibrahim, Sudan’s Minister of Finance and Economic Planning, along with representatives from over 20 countries and from the IMF, World Bank, African Development Bank, and Paris Club. Mr. Baukol highlighted the progress Sudan’s civilian-led transitional government has made in implementing macroeconomic reforms. He also outlined the remaining steps in the path to debt relief, called on participants to fully support Sudan in its efforts to reach the first phase of the HIPC process by mid-2021, and urged all IMF members to support expeditious clearance of Sudan’s IMF arrears.