News Centre

BIS: Contagion Accounting

Date 11/12/2020

Summary

Focus

Banking sector interconnectedness and contagion materialize in more than one way. The most obvious is the direct exposures between banks. However, the fate of seemingly disconnected and geographically dispersed institutions can still be bound together due to the importance of indirect contagion. Most important within such interconnections are exposures to the same assets and to externalities driven by fire sales. The importance of each contagion channel remains a contested issue and is ultimately an empirical question.

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

Date 11/12/2020

As per the Securities market risk parameters methodology, on 11.12.2020, 18-40 (MSK) the lower bound of the price band (up to 10126) and initial margins (up to 18.75 %) for the security QCOM-RM were changed. New values are available here.

UK Financial Conduct Authority Issues Warning Over Festive Season Loan Fee Fraud

Date 11/12/2020

‘Three Wise Warnings’ for consumers to look out for this Christmas as fraudsters attempt to steal two-thirds of average gift spend.

SEC Charges Sequential Brands Group Inc. With Deceiving Investors By Failing To Timely Impair Goodwill

Date 11/12/2020

The Securities and Exchange Commission today charged New York-based brand-management company Sequential Brands Group Inc. with failing to impair its goodwill as required by accounting principles and the federal securities laws.

Moscow Exchange: REPO Risk Parameters Change For The Security DSKY

Date 11/12/2020

As per the Securities market risk parameters methodology, on 11.12.2020, 15-10 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -76.9 %), penalty rate and IR Risk Rate (up to -0.968 rub) for the security DSKY were changed. New values are available here.

HKEX: Annual Review Of Stock Futures Trading Fee Tier Classification

Date 11/12/2020

Pursuant to the Regulations for Trading Stock Futures (Section 018) of Hong Kong Futures Exchanges, the trading fee tier levels of the following stock futures contracts will be changed, effective from 4 January 2021, as a result of the annual review:

New Executive Appointments At UK Financial Conduct Authority

Date 11/12/2020

The FCA has appointed Sheldon Mills as the new Executive Director, Consumers and Competition, and Siobhn Sheridan as Chief People Officer.

ACER And ENTSOG Publish Two Solutions On The Functionality Platform

Date 11/12/2020

ACER and ENTSOG published today two solutions on the Gas Network Codes Functionality (FUNC) platform, related to the two issues "Missing harmonisation of interfaces on capacity platforms’‘ and "Allowance of over-nomination in the event of capacity platform failure outside working hours".

HKEX: Annual Review Of Stock Options Trading Fee Tier Classification

Date 11/12/2020

Pursuant to the Operational Trading Procedures for Options Trading Exchange Participants of the Stock Exchange (Appendix B11), the trading fee tier levels of the following stock option classes will be changed, effective from 4 January 2021, as a result of the annual review:

DTCC Executive 2021 Predictions

Date 11/12/2020

Mike Bodson, President & CEO, DTCC 

The extreme market volatility and volume experienced during the early days of the pandemic reinforced the critical role that market infrastructures play in protecting the safety and stability of the global financial system. The crisis also shined a light on the need for increased automation to strengthen resilience, reduce risk and costs and enhance efficiencies.