News Centre

Finansinspektionen Analysis 25: Interest Rate Deductions And Households’ Loans

Date 17/11/2020

The tax rebate for interest expenses – the interest deduction – means that households borrow more, and can and want to pay more for homes. This means that the households experience an increase in both their liabilities and assets, which in turn could have an impact on the stability of the financial system. In this FI Analysis, we calculate the impact of a change to the interest deduction. The reason for this analysis is the direct link between interest deductions and households’ loans.

FIA And ISDA Respond To ESMA’s Draft Guidelines Of Supervisory Review Of CCPs

Date 17/11/2020

FIA and ISDA have responded to ESMA’s consultation on their “Draft Guidelines on common procedures and methodologies on supervisory review and evaluation process of CCPs under Article 21 of EMIR”. The associations support standardisation of scope and depth of these reviews. Clearing participants rely on the CCP reviews by national competent authorities and believe that standardisation and improvement of these reviews is important in view of recent defaults at European CCPs, which at least initially required the use of the default fund. The associations recommend that these reviews are not restricted to the elements set out in the consultation, but should holistically review whether the risk management framework is fit for purpose.

Bitcoin Price Commentary From Paolo Ardoino, CTO At Bitfinex: “The Dawn Of The Next Great Crypto Bull Run May Be Upon Us."

Date 17/11/2020

CFTC Selects Nakamoto Terminal as Winner of Agency’s First Science Prize Competition - Company Also Named CFTC’s Innovator Of The Year For Its Science Prize Competition Submission

Date 17/11/2020

The Commodity Futures Trading Commission today announced Nakamoto Terminal (NTerminal), a data platform developer based in Washington, D.C., as the winner of Project Streetlamp, the CFTC’s first competition under the Science Prize Competition Act of 2015. As part of the competition, NTerminal also received the CFTC’s first Innovator of the Year award in recognition of its successful submission. Both announcements were made during today’s Empower Innovation 2020 virtual session.

Testimony On “Oversight Of The Securities And Exchange Commission”, SEC Chairman Jay Clayton, Washington D.C., Nov. 17, 2020, Before The U.S. Senate Committee On Banking, Housing, And Urban Affairs

Date 17/11/2020

Chairman Crapo, Ranking Member Brown and Senators of the Committee, thank you for the opportunity to testify before you today about the work of the U.S. Securities and Exchange Commission (SEC or Commission or agency).[1]  I am honored to discuss the great work of the women and men of the SEC over the past year in furtherance of our tripartite mission of protecting investors, maintaining fair, orderly and efficient markets and facilitating capital formation. 

BIS: Bargaining Power And The Phillips Curve: A Micro-Macro Analysis

Date 17/11/2020

Summary

Focus

The relationship between inflation and economic activity has apparently weakened in recent years. We ask how trends in workers' bargaining power may have played a role.

ACER Publishes Its New REMIT Quarterly And Open Letter On Data Quality

Date 17/11/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) publishes today the 22nd edition of its REMIT Quarterly. Covering the third quarter of 2020, this edition provides an update on the largest ever REMIT fine, which is also the first sanction for breach of market manipulation in the form of deception. Another market manipulation sanction is presented in relation to the ascending clock auctions for the long-term gas transmission capacity allocation in the EU. This edition also highlights an upcoming hydrogen energy wholesale market and its importance in the decarbonisation of the European energy sector.

55 Leading International Asset Owners And Asset Managers Ask Companies To Use SASB Standards

Date 17/11/2020

The Investor Advisory Group (IAG) of the Sustainability Accounting Standards Board (SASB)  today issued an updated statement  calling on companies to use SASB Standards in disclosures to investors.

CME Group Announces Launch Of New Implied Volatility Indexes - First CVOL Offerings To Include 10-Year Treasury Note And G5 FX Currency Pair Indexes

Date 17/11/2020

CME Group, the world's leading and most diverse derivatives marketplace, today announced it began daily publication of a suite of new implied volatility benchmark indexes based on its innovative, proprietary CME Group Volatility Index (CVOL™) methodology. Beginning with eight implied volatility indexes on its 10-Year Treasury Note futures and G5 FX currency pair futures, the CVOL family of indexes will be expanded to include benchmarks across all major asset classes in the first half of 2021.

The Potential Long-Term Effects Of Covid - Speech By Dave Ramsden, Bank Of England, Deputy Governor For Markets & Banking, Given At The Institute For Policy And Engagement, University Of Nottingham

Date 17/11/2020

Overview

Dave Ramsden looks at the impact of the Covid pandemic on the UK economy. He examines what the long-term effects are and how the economy is likely to respond.