News Centre

Office Of The Comptroller Of The Currency: Proposed Rule Would Ensure Fair Access To Bank Services, Capital, And Credit

Date 20/11/2020

The Office of the Comptroller of the Currency (OCC) today proposed a rule to ensure fair access to banking services provided by national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.

Nasdaq Named To Dow Jones Sustainability Index For The Fifth Consecutive Year

Date 20/11/2020

Nasdaq (Nasdaq: NDAQ) today announced it has been selected as a North American index component of the Dow Jones Sustainability Index (DJSI), one of the most prestigious environmental, social, and governance (ESG) ranking efforts, for the fifth consecutive year. Nasdaq maintains its industry leadership as the only stock exchange operator selected for inclusion in the North America index, and was among eight diversified financial services companies selected from the region this year.

Nigerian Stock Exchange Releases 2019 Sustainability Report

Date 20/11/2020

The Nigerian Stock Exchange (“The Exchange or NSE”) is pleased to announce that it has released its 2019 Sustainability Report themed “Encouraging Sustainable Businesses, Promoting Inclusive Growth”.

Finansinspektionen Has Decided On A Change In The Application Of Banks’ Capital Requirements

Date 20/11/2020

FI has decided to change the application of capital requirements for Swedish banks in order to adapt to the EU’s so-called banking package.

Piers Haben Speaks At The European Association For Banking And Financial Law Event

Date 20/11/2020

Piers Haben, Director of the Banking, Markets, Innovation and Consumers department at the EBA, spoke about a multi-layered approach to regulation at the event "What to regulate? How to regulate? Who should regulate?" organised by the European Association for Banking and Financial Law. In his speech, Piers Haben highlighted the EBA's approach towards innovative applications of technology in the financial sector in accordance with the principle of technological neutrality.

Nigerian Stock Exchange Weekly Market Report For November 20th 2020

Date 20/11/2020

A total turnover of 11.400 billion shares worth N35.892 billion in 39,265 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 4.509 billion shares valued at N58.733 billion that exchanged hands last week in 47,140 deals.

EBA: Banks Report A Significant Use Of COVID-19 Moratoria And Public Guarantees

Date 20/11/2020

• COVID-19 related moratoria and public guarantees provided breathing space to borrowers and allowed banks to provide new lending to many companies impacted by the crisis.
• Loans under moratoria on loan repayments were significant in many countries, and were particularly widespread for loans to SMEs.
• It is expected that upon expiry of EBA-compliant moratoria there might be increases in forborne loans and non-performing loans and therefore institutions and supervisors should monitor closely this effect.
• Public guarantee schemes (PGS) have supported mainly loans to non-financial corporations (NFC) and were material in a few countries.

IOSCO Reviews Money Market Funds Recommendations And Events Arising From the March 2020 Market Turmoil

Date 20/11/2020

IOSCO today published a diagnostic report analyzing the events that occurred in the Money Market Funds (MMFs) sector during the market turmoil in March 2020. Simultaneously, IOSCO published a thematic review assessing the implementation of selected IOSCO recommendations issued in 2012 to strengthen the resilience of MMFs globally.

ESMA Working Paper No. 4, 2020, Cross-Venue Liquidity Provision: High Frequency Trading And Ghost Liquidity - Hans Degryse, Rudy De Winne, Carole Gresse, Richard Payne

Date 20/11/2020

The ability to accurately measure liquidity in financial markets is crucial both for traders who want to formulate an optimal execution strategy and for regulators who wish to assess the quality of operation of financial markets. However, recent developments in market structure have made this measurement task difficult. First, the fragmentation of modern equity markets and the use of multiple trading venues by market participants means that to measure liquidity one must aggregate across many venues and data feeds to obtain a ‘consolidated’ view of the market, while to execute efficiently requires the use of a ‘smart order router’ (see, for example, Foucault and Menkveld, 2008). Second, though, the same market developments have led to changes in order submission strategy by traders which imply that ‘consolidated’ liquidity (measured as the simple aggregate of shares available across all trading venues) is likely to be an overstatement of the actual liquidity that an average trader can access. We refer to the difference between measured liquidity and tradeable liquidity as ‘Ghost Liquidity’ (GL).

Nigerian Stock Exchange Celebrates 5th Stream Of Graduate Trainees

Date 20/11/2020

The Nigerian Stock Exchange (NSE or The Exchange) hosted its first-ever digital graduation ceremony in honour of members of the Class of 2020 of the NSE Graduate Trainee Programme (GTP) on Friday, 20 November 2020.