Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

News Centre

  • Texas Public Employee Pension Funds Outwit Pandemic Scare Of 2020

    Date 22/07/2021

    The pension systems for Texas cities’ firefighters, police and municipal employees scored gains in 2020 despite the peak-to-trough stock market decline of more than 35% during March and April 2020 in response to the Covid-19 pandemic.

  • SmartFi To Produce First Minable Stablecoin And Payment System Without Transaction Fees - SmartFi USD (SFUSD) Native Protocol Coin And Speculative SmartFi Token (SMTF) Will Provide Payments And Loans Systems And Together Balance The SmartFi Economy

    Date 22/07/2021

    SmartFi, the compliant, open cryptocurrency platform announces its project to develop the world’s first minable stablecoin. The SFUSD stablecoin will not require a burn-mint protocol or USD-fiat-peg in order to maintain an exact correlation to the US Dollar, using the proprietary SmartFi Commodity Layer Protocol.

  • The IMF Approves Policy Reforms And Funding Package To Better Support The Recovery Of Low Income Countries From The Pandemic

    Date 22/07/2021

    • The reforms approved by the IMF’s Executive Board seek to ensure that the Fund can flexibly support Low Income Countries (LICs’) financing needs during the pandemic and the recovery while continuing to provide concessional loans at zero interest rates.
    • The centerpiece of the approved policy reforms is a 45 percent increase in the normal limits on access to concessional financing, coupled with the elimination of hard limits on access for the poorest countries. These higher access limits will facilitate the provision of more concessional support to LICs with strong policies and large balance of payments needs.
    • The Executive Board also approved a two-stage funding strategy to cover the cost of pandemic-related concessional lending and support the sustainability of the Poverty Reduction and Growth Trust (PRGT). The first stage of the strategy aims to secure SDR 2.8 billion in subsidy resources (to support zero interest rates), and an additional SDR 12.6 billion in loan resources which could be facilitated by the “channeling” of SDRs.

  • Europex: Feedback On The Draft Climate, Energy And Environmental Aid Guidelines (CEEAG)

    Date 22/07/2021

    Europex welcomes the opportunity to comment on the draft Climate, Energy and Environmental Aid Guidelines. To ensure that the policy objectives set out in the Green Deal get delivered at least cost and that the EU’s internal market principles are upheld, State Aid rules need to find the right balance between supporting decarbonisation projects and minimising distortion of competition and trade in the Internal Energy Market.

  • BIS: Covid-19 And Bank Resilience: Where Do We Stand?

    Date 22/07/2021

    Key takeaways

    • A forward-looking view on bank resilience can be obtained through a combination of regulatory capital ratios, market valuations and insights from stress tests.
    • Banks appear to have avoided the losses that once seemed likely given the severity of the pandemic
      shock, due in large part to policy support.
    • While market valuations have largely recovered to pre-pandemic levels, a weaker tail of banks continues to struggle with anaemic profitability and potential for credit losses. The resilience of these banks could be tested if credit losses materialise following the winding down of policy support.