News Centre

Colombia Draws On IMF Flexible Credit Line To Address The COVID-19 Pandemic

Date 03/12/2020

• The Colombian government has made a drawing of US$ 5.4 billion under the Flexible Credit Line (FCL) arrangement in the context of the pandemic. The authorities will use the drawing to help meet higher financing needs whilst maintaining strong external buffers in a context of heightened global uncertainty.
• With access under the FCL arrangement raised on September 25, 2020, the remaining amount available to Colombia under the credit line stands at US$ 12.2 billion (SDR 8.517 billion) after the drawdown. The authorities intend to treat this remaining amount under the FCL as precautionary.
• Combined with the comfortable level of international reserves that Colombia has, the FCL provides added insurance against external downside risks

Quarterly Adjustment Of GPW Benchmark Indices

Date 03/12/2020

GPW Benchmark announces the quarterly adjustment of WIG20, mWIG40, sWIG80 and WIG30 indices portfolios. Changes will come into force after close of business on December 18, 2020.

Federal Reserve Board Announces Members Of Its Insurance Policy Advisory Committee

Date 03/12/2020

The Federal Reserve Board on Thursday announced seven members, including three new members, of its Insurance Policy Advisory Committee, or IPAC. The members will serve three-year terms beginning in 2021.

Exchange Data International Awarded Best Corporate Actions Solution

Date 03/12/2020

Exchange Data International (EDI), a leading provider of global security corporate actions, pricing and reference data, is pleased to announce that they were awarded ‘Best Corporate Actions Solution’’ by the Data Management Insight Awards 2020 today.

BIS - Project Helvetia: Settling Tokenised Assets In Central Bank Money

Date 03/12/2020

Project Helvetia, an experiment between the Bank for International Settlements Innovation Hub Swiss Centre, the Swiss National Bank (SNB) and the financial market infrastructure operator SIX, successfully shows the feasibility of integrating tokenised assets and central bank money.

The Fox And The Hedgehog: Preparing In A World Of High Risk And High Uncertainty - Speech By Charlotte Gerken, Bank Of England, Executive Director, Insurance, Given At The Insurance Risk And Capital EMEA 2020 Virtual Conference

Date 03/12/2020

Overview

Our stress tests on UK insurance firms can help them stay resilient says Charlotte Gerken. And she sets out our stress tests plans for the insurance industry in 2021 and 2022.

The Bank Of England's Supervision Of Financial Market Infrastructures - Annual Report 2020

Date 03/12/2020

The FMI Annual Report sets out how the Bank has exercised its responsibilities in respect of supervising financial market infrastructures since the last report.

EBA Publishes Final Draft Technical Standards On The Treatment Of Non-Trading Book Positions Subject To Foreign-Exchange Risk Or Commodity Risk Under The FRTB Framework

Date 03/12/2020

The European Banking Authority (EBA) published today final draft Regulatory Technical Standards (RTS) on how institutions are to calculate the own funds requirements for foreign-exchange and commodity risk stemming from banking book positions under the FRTB standardised and internal model approaches.

State Street Strengthens Insurance Business With Senior EMEA Appointment - Christian Bongiovanni Appointed As Regional Segment Head

Date 03/12/2020

State Street Corporation (NYSE: STT) today announced it has appointed Christian Bongiovanni as the regional segment head for insurance in Europe, the Middle East and Africa (EMEA). Based in Milan, Bongiovanni is responsible for advancing the end-to-end service proposition for the firm’s insurance clients. He reports to Akhil Jain, global head of insurance and Jörg Ambrosius, head of EMEA. 

FSB Sub-Saharan Africa Group Discusses Regional Vulnerabilities And Enhancing Cross-Border Payments

Date 03/12/2020

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Sub-Saharan Africa held a virtual meeting today to discuss recent macroeconomic and financial market developments, including medium- and long-term implications to regional financial stability arising from the COVID‑19 pandemic. Members reiterated the importance of international cooperation to evaluate and coordinate the policy responses to COVID-19, including their future unwinding.