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Wilshire Announces New Leadership Team Members And Growth Vision At The Acquisition Close - Transaction Sees New Leadership Team Members Join To Accelerate Wilshire's Delivery Of Its Strategic Growth Objectives, Capitalizing On The Global Digitization Tailwinds To Improve Outcomes For Investors Globally

Date 13/01/2021

CC Capital, a private investment firm focused on investing in and operating high-quality businesses for the long term, and Motive Partners (collectively the “Investor Group”), a private equity firm focused on technology-enabled financial services companies, today announced the close of the acquisition of Wilshire Associates (“Wilshire”), a global investment technology and advisory company. At the close, Wilshire and its new investors announced their growth vision and new leadership additions to help capitalize on the market opportunity as a leading world-class data, analytics and investment solutions provider.

The Federal Reserve's New Framework: Context And Consequences, Vice Chair Richard H. Clarida At The "The Road Ahead For Central Banks," A Seminar Sponsored By The Hoover Economic Policy Working Group, Hoover Institution, Stanford, California (Via Webcast)

Date 13/01/2021

On August 27, 2020, the Federal Open Market Committee (FOMC) unanimously approved a revised Statement on Longer-Run Goals and Monetary Policy Strategy, which represents a robust evolution of its monetary policy framework. At its September and December FOMC meetings, the Committee made material changes to its forward guidance to bring it into line with the new policy framework. Before I discuss the new framework in detail and the policy implications that flow from it, please allow me to provide some background on the reasons the Committee felt that our framework needed to evolve.

SIFMA Issues Updated MSRB Rule G-17 Model Risk Disclosure Documents

Date 13/01/2021

SIFMA today announced updates to its set of G-17 Model Risk Disclosure Documents to help municipal securities underwriters comply with the recently amended requirements for disclosure to municipal issuers set forth by the revised interpretive guidance to Municipal Securities Rulemaking Board (MSRB) Rule G-17.

Full Employment In The New Monetary Policy Framework, Federal Reserve Governor Lael Brainard, At The Inaugural Mike Mccracken Lecture On Full Employment Sponsored By The Canadian Association For Business Economics (Via Webcast)

Date 13/01/2021

I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan. It is a pleasure to be here with Carolyn Wilkins.

IMF Executive Board Approves A SDR 258.4 Million Disbursement Under The Rapid Credit Facility And Purchase Under The Rapid Financing Instrument To Myanmar To Address The COVID-19 Pandemic

Date 13/01/2021

• Myanmar’s economy has been hit hard by the second wave of the COVID-19 pandemic, which has inflicted large economic and social costs and strained the nation’s healthcare system.
• To address Myanmar’s urgent balance-of-payments needs, the IMF has approved the second emergency financial assistance equivalent to about US$350 million under the Rapid Credit Facility (RCF) and the Rapid Financing Instrument (RFI).
• The IMF assistance will aid Myanmar’s COVID-19 policy measures aimed at minimizing the pandemic’s economic and social impact while supporting the vulnerable.

CFTC Approves NFA’s Swap Dealer Capital Model Review Program

Date 13/01/2021

The Commodity Futures Trading Commission’s Market Participants Division through delegated authority has determined the National Futures Association’s (NFA) swap dealer capital model requirements and review program are comparable with the CFTC’s swap dealer capital model requirements and review program. Accordingly, a capital model approved by the NFA will be accepted as an alternative means of compliance with CFTC Regulation 23.102. 

Bitcoin Price Drop - Expert Comment From Ziglu

Date 13/01/2021

Commenting on the 20 percent drop in Bitcoin value, Yang Li, chief growth officer for Ziglu the personal money app, said: "We have been in such a phenomenal bull run with all-time high after all-time high and people are pulling back a bit to reap some of their profits, selling some of their Bitcoin, which drove the price down. As a long term investment I think this price dip is a very positive sign because it is maturing as an asset class. If you were buying gold or FTSE 100 stock, for example, you would sell some of your upside to cover your original investment.

EU-UK Future Relations: MEPs To Debate The Agreement Reached On 24 December

Date 13/01/2021

Members on the Foreign Affairs and International Trade Committees will debate the new EU-UK Trade and Cooperation Agreement on Thursday at 10.00 CET.

BIS - Sovereign Credit And Exchange Rate Risks: Evidence From Asia-Pacific Local Currency Bonds

Date 13/01/2021

Summary

Focus

We study the dynamic properties of sovereign bonds in emerging market economies and their associated risk premiums. We focus on the interaction between credit and currency risks, ie the Twin Ds, reflected in local currency bonds issued by sovereigns in Asia-Pacific (AP).

CISI: Only 20% Of UK Financial Services Professionals Are Confident Their Firms Are Committed To Ethical Finance And ESG

Date 13/01/2021

Only 20% of those working in the UK financial services profession are confident that their firms are committed to ethical finance policies and ESG principles when it comes to their lending, investing, wealth management and fund management activities, according to a new survey by the Chartered Institute for Securities & Investment (CISI).