News Centre

BIS: The Fed Takes On Corporate Credit Risk: An Analysis Of The Efficacy Of The SMCCF

Date 09/09/2021

Summary

Focus

We evaluate the efficacy of the Secondary Market Corporate Credit Facility (SMCCF), a programme implemented by the Fed to stabilise the US corporate bond market in the wake of the Covid-19 shock. The Fed announced the SMCCF on 23 March 2020 and expanded the programme on 9 April. We estimate the direct effects of the Fed's announcements on corporate bond prices and market liquidity measures using a matched sample of programme-eligible and ineligible securities. We also identify the Fed's actual purchases in the secondary market, which allows us to quantify the impact of the facility's purchases on credit and bid-ask spreads.

NGX Group Shareholders Support All Resolutions At The 60th Annual General Meeting

Date 09/09/2021

Shareholders of Nigerian Exchange Group Plc (NGX Group or the Group), formerly The Nigerian Stock Exchange (NSE), today, 9 September 2021, voted in support of the resolutions presented by the Group at its 60th Annual General Meeting (AGM).

The World Federation Of Exchanges Elects 10 Board Members

Date 09/09/2021

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, elected 10 Directors of the Board, including a new Chairman, Vice Chairman and Working Committee Chairman at the 60th General Assembly.

CryptoCompare: How Liquid Is Digital Asset Liquidity?

Date 09/09/2021

Diving Into The Depths of Digital Asset Liquidity - Research Report & Webinar, in Partnership With Bitstamp. 

Gavin Prentice Appointed As LME User Committee Chairman

Date 09/09/2021

The London Metal Exchange (LME) is pleased to announce the appointment of Gavin Prentice as chairman of the User Committee and member of the Special Committee.

UK Financial Conduct Authority: Richard Faithfull Sentenced To Over 5 Years Imprisonment For Money Laundering

Date 09/09/2021

On Thursday 9 September 2021 Richard Faithfull was sentenced to 5 years and 10 months imprisonment for laundering money, contrary to s.327 Proceeds of Crime Act 2002. He was also disqualified from being a company director for a period of 10 years.

Global X ETFs Releases Two Thematic ETFs On A Single Day Giving Investors Exposure To Clean Energy

Date 09/09/2021

Despite the COVID-19 pandemic, renewable capacity in 2020 expanded by 260GW, an increase of more than 45% from 2019. Looming renewable energy policy deadlines are likely to push this growth even further. Motivation amongst investors to join the trend for thematic investment strategies remains high. 

Euronext Announces Annual Review Results Of The CAC 40 ESG®

Date 09/09/2021

Euronext today announced the results of the annual review for the CAC 40 ESG®, which will take place after markets close on Friday 17 September 2021.

SGX Cares Rolls Out New Mini Challenge As Fundraising Gathers Pace

Date 09/09/2021

• New 5km event to serve as warmup to 18th annual Charity Run
• SGX Cares is home to CSR pillars of Bull Charge, Outreach and Financial Literacy

CloudMargin Expands Network To Include Nearly 60 Custodians, Helping Firms Meet Challenges Of UMR Final Phases - Successfully Facilitated UMR Readiness For Phase 5 Firms

Date 09/09/2021

CloudMargin<https://cloudmargin.com/>, creator of the world's first and only collateral and margin management solution native to the cloud, today announced enhancements to facilitate clients' preparedness for the Uncleared Margin Rules (UMR) for those firms that have just fallen under the scope of Phase 5 or will fall under the scope of Phase 6 as of next September. The firm is now connected to nearly 60 custodians globally for cash, securities and third-party SWIFT settlement, in addition to its long-established SWIFT connectivity to the four major triparty agents