News Centre

BIS: FX Policy When Financial Markets Are Imperfect

Date 19/05/2021

Summary

Focus

In the last 15 years, central banks have purchased securities at unprecedented levels via quantitative easing and foreign exchange intervention. These policies have constituted the core response to crises such as the 2008–09 Great Financial Crisis, the 2011–12 European sovereign debt crisis and the ongoing Covid-19 pandemic. In many cases, policymakers have resorted to these policies as traditional monetary policy was constrained by the zero lower bound.

DIFC FinTech Accelerator 2021 To Support More World-Class FinTechs Than Ever Through Innovation Sprints

Date 19/05/2021

• Region’s only FinTech-focused startup ecosystem again leads the way in driving innovation in the finance industry with a new format of its highly successful FinTech Accelerator
• New virtual format for 2021 opens up participation to world-class FinTechs seeking to access Middle East markets and beyond
• Programme is set to support more FinTechs than ever, with two ‘innovation sprints’ offering flexible participation during the year

Moscow Exchange: Risk Parameters Change On Securities Market - Update

Date 19/05/2021

CCP NCC will set the following risk parameters on Securities market due to corporate actions:

TradeZero Marks Cryptocurrency Trading Capability By Purchasing A New York Yankees Hospitality Suite License In Bitcoin

Date 19/05/2021

TradeZero America, a Brooklyn, New York-based online broker dealer that provides commission-free stock and options trading, announced the launch of cryptocurrency trading on the TradeZero America platform.  To celebrate the addition of crypto trading to its product offerings, TradeZero is purchasing the license to a New York Yankees hospitality suite in Yankee Stadium in Bitcoin, marking the ball club’s first transaction using digital currency.

BIS: The Constraint On Public Debt When r < g But g < m

Date 19/05/2021

Summary

Focus

Governments in advanced economies are enjoying extraordinary times. In spite of unprecedented public debt levels and consistent if not large, fiscal deficits, yields on public debt are at historical lows. In many countries, yields have even been negative for some years, sparing them the explosion in public debt-to-GDP ratio that could happen with higher yields. But why is this so, and what does this imply for governments going forward?

Deutsche Börse To Achieve Net Zero Carbon Neutrality By 2025

Date 19/05/2021

• 70 per cent of CO2 emissions per working place to be cut by 2023
• Remaining 30 per cent through external emission reduction projects
• Trajectory towards climate neutrality to be validated by the Science Based Targets initiative (SBTi)

Exchanges Pledge To Do More To Retain Customers Following Outages – But It’s Not Enough: Guy Warren, CEO, ITRS Group

Date 19/05/2021

Following a string of outages within the financial services sector, several exchange groups including Japan Exchange Group and Euronext have pledged to implement change in an attempt to reassure and retain their customers.

Direct Investing Pioneer Just Invest Switches 15 Major Benchmarks To Solactive Indices

Date 19/05/2021

Direct indexing brings innovation to the passive investing industry by making investing hyper customizable for more consumers. Just Invest, a direct indexing provider, further challenges traditional industry norms by empowering advisors to invest directly in companies via multi-account direct indexing. Now, Just Invest announces switching 15 major benchmarks to Solactive indices. The new indices will be used as performance benchmarks in portfolio construction processes and for performance reporting purposes. By combining Solactive’s expertise in the creation of benchmark indices and Just Invest’s tech-forward direct indexing, the collaboration offers advisors quality direct indexing constructed with benchmarks comparable to major name-brand indices without major name-brand cost.

Regular Elections To The Supervisory Board Of Deutsche Börse AG

Date 19/05/2021

• Martin Jetter confirmed as Chairman
• Chong Lee Tan succeeds Amy Yip

Bank Of England: Minutes Of The Wholesale Distribution Steering Group – May 2021

Date 19/05/2021

The Wholesale Distribution Steering Group have the objective of overseeing the design of a new end-state model for wholesale cash distribution. This is to support the UK in an environment of declining cash volumes.