News Centre

BIS: What Comes Next? Recovery From An Uneven Recession

Date 02/12/2020

Key takeaways

• The effects of the Covid crisis have been felt unevenly across sectors, and the output of customer service industries could remain well below its pre-Covid trend for some time.
• Economies with large customer service industries could grow more slowly in the near term, even after accounting for the stringency of containment measures and the severity of virus outbreaks.
• Model projections suggest that large advanced economies could face a "98% economy" until constraints on customer service industries ease. The outlook for some economies, such as China, is more positive.
• While demand stimulus remains necessary in the near term, it will not be sufficient to return economic activity to its pre-Covid trend. That will require public health measures to control the spread of the virus and steps to ease resource reallocation to industries less affected by the pandemic.

SEC Charges Disbarred New York Attorney And Florida Attorney With Scheme To Create False Opinion Letters

Date 02/12/2020

The Securities and Exchange Commission today charged disbarred attorney, Richard J. Rubin, and licensed attorney, Thomas J. Craft, with fraud for their roles in a legal opinion letter scheme to fraudulently facilitate the sale of millions of shares of microcap securities to retail investors.

Risk Parameters Change For The Security Ru000a0jw6p7 Why Islamic Finance Has An Important Role To Play In Supporting The Recovery From Covid – And How The Bank Of England’s New Alternative Liquidity Facility Can Help - Speech By Andrew Hauser, Bank Of England Executive Director, Markets, Given During UK Islamic Finance Week 2020

Date 02/12/2020

The Bank of England is offering a new service to UK Islamic banks next year. Andrew Hauser sets out what that is and why it is doing it.

FTSE China Index Series Quarterly Review – Q4 2020

Date 02/12/2020

• Three additions to the FTSE China A50 Index in this review period
• Five additions to the FTSE China 50 Index

Bank Of England: Minutes Of The SONIA Stakeholder Advisory Group - 02 November 2020

Date 02/12/2020

The SONIA Stakeholder Advisory Group supports the Bank’s administration of SONIA by providing advice and technical input to the Bank and the SONIA Oversight Committee. The minutes of the SONIA Stakeholder Advisory Group meetings are published.

Industry Letter On Equivalence Of UK Derivatives Regulated Markets Under EMIR Article 2a

Date 02/12/2020

On November 30, ISDA co-signed a joint trade association letter with FIA, the Association for Financial Markets in Europe, ICI Global, the Alternative Investment Management Association, the European Banking Federation and the European Fund and Asset Management Association asking the European Commission to issue an equivalence determination under EMIR Article 2a for UK regulated markets. In the absence of equivalence, exchange-traded derivatives traded on UK regulated markets will be considered over-the-counter derivatives, pushing some non-financial counterparties and financial counterparties above the clearing threshold under the European Market Infrastructure Regulation.

European Public Policy Conference, December 2, 2020, Opening Remarks, Scott O’Malia, CEO, ISDA

Date 02/12/2020

Hello everyone, and welcome to the ISDA European Public Policy virtual conference. Thanks for joining us today and thank you to all our speakers.

The Bank Of England Appoints Appvia As A Partner To Assist In Design, Construction And Assurance Of A New Cloud Environment

Date 02/12/2020

This follows a public procurement process which commenced in January 2020. The Bank of England will work with London-based cloud native delivery platform Appvia on design, construction and assurance of a modern, fit for purpose cloud environment.

Nigerian Equities Market Gains Global Eminence Again

Date 02/12/2020

Players in the Nigerian equities market appear to be riding the waves of the market rally with investors gaining ₦55.2bn on Tuesday, 01 December 2020. This saw market capitalisation rise to ₦18.4tn while Year-to-Date (YTD) return improved to 30.9%, making the Nigerian equities market the 2nd and 3rd best performing market in the world in local currency terms and US Dollar terms, respectively, according to Bloomberg.

Moscow Exchange: Risk Parameters Change For The Security CRM-RM

Date 02/12/2020

As per the Securities market risk parameters methodology, on 02.12.2020, 17-36 (MSK) the lower bound of the price band (up to 15897) and initial margins (up to 20 %) for the security CRM-RM were changed. New values are available here