News Centre

MIAX Exchange Group - Options Markets - Listing Of Palantir Technologies Inc. (PLTR)

Date 12/10/2020

The option class listed below will begin trading on the MIAX Options Exchange, the MIAX PEARL Options Exchange, and the MIAX Emerald Options Exchange on Tuesday, October 13, 2020: 

• Palantir Technologies Inc. (PLTR)

Market Abuse In A Time Of Coronavirus, Speech By Julia Hoggett, Director, UK Financial Conduct Authority Market Oversight, At The City Financial Global Event

Date 12/10/2020

Highlights

• It is hugely important to us that we have the opportunity to give these speeches as they support all market participants to play their part in ensuring our markets are clean.
• Our focus on markets remaining open is driven by the fundamental role they play in supporting the economy – in enabling risk to be priced and managed, but equally, enabling institutions to raise capital at times when they need it the most.
• Whilst the fundamentals of the market abuse offences are constant, the ways in which the risk may manifest are not. The manner of surveilling for them must, therefore, also change. 
• Our expectation is that going forward, office and working from home arrangements should be equivalent – this is not a market for information that we wish to see be arbitraged.
• Market abuse is not an offence that only applies to individuals working in the financial services industry. Any individual in receipt of inside information who trades while in possession of that information, or induces someone else to, is guilty of market abuse. 

Letter From Sam Woods, Bank Of England Deputy Governor, Prudential Regulation Authority CEO, ‘Information Request: Operational Readiness For A Zero Or Negative Bank Rate’ - Letter To Chief Executive Officers To Request Information About Firms’ Operational Readiness To Implement A Zero Or Negative Bank Rate

Date 12/10/2020

As highlighted in the September minutes of the Monetary Policy Committee (MPC), the Bank of England (the Bank) and the Prudential Regulation Authority (PRA) are commencing structured engagement on the operational considerations of a zero or negative policy rate. This structured engagement is not indicative that the MPC will employ a zero or negative policy rate. 

BIS: The Outlook For Business Bankruptcies

Date 12/10/2020

Key takeaways

• Economic growth and forward-looking indicators of default risk inferred from equity markets, two variables that together predict business bankruptcies in advanced economies, show bankruptcies rising significantly by the end of 2021.
• Projections of real GDP growth embedded in the consensus forecast account for the bulk of this projected increase. Unlike in previous downturns, the stock market-based default indicators contribute very little.
• As these findings underscore, the pandemic and unprecedented government support for the business sector have driven a sizeable wedge between financial market perceptions of default risk and projections for economic activity.

ETFGI Reports Year-To-Date Net Inflows Into ETFs And ETPs Listed Globally At The End Of Q3 Are At A Record Level Of US$ 488.18

Date 12/10/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that ETFs and ETPs listed globally gathered net inflows of US$59.74 billion during September, bringing year-to-date net inflows to record level of US$488.18 billion which is significantly higher than the US$349 billion gathered at this point last year. Assets invested in the global ETFs/ETPs industry decreased by 1.8%, from US$7.01 trillion at the end of August 2020, to US$6.89 trillion at the end of September, according to ETFGI's September 2020 Global ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

BIS: Bankruptcies, Unemployment And Reallocation From Covid-19

Date 12/10/2020

Key takeaways

• The expected wave of business failures in the Covid-19 recession has yet to materialise, due in part to policy support, but also reflecting the inherent lag between declines in GDP and insolvencies.
• Bankruptcies weigh heavily on labour markets. Unemployment typically increases three times more if a fall in GDP is accompanied by a similar-sized increase in bankruptcies.
• Concentration of bankruptcies in those sectors hit especially hard by Covid-19 could exert a significant drag on the labour market.
• The natural renewal process where young, dynamic firms displace those who exited takes two to three years, leaving a protracted period of lacklustre activity. This underscores the need to reallocate resources quickly and efficiently to drive growth in the post-pandemic world.

EBA Supports Harmonisation Of Creditworthiness Assessment For Consumer Credit Across The EU

Date 12/10/2020

• The EBA has responded to a Commission consultation on its proposed consumer agenda to express support for a harmonisation of creditworthiness assessments for consumer lending across the EU.
• The harmonised approach to creditworthiness assessment for all consumer credit should cover data and methodologies that build on the EBA Guidelines on loan origination and monitoring.

BIS: Stress-Testing Banks During The Covid-19 Pandemic

Date 12/10/2020

Highlights

• In response to the Covid-19 pandemic, a number of authorities that regularly conduct stress tests on individual banks adjusted their approach. They performed ad hoc exercises to assess the vulnerability of banking sectors as a whole. These exercises are different from regular ones in terms of key features such as objectives, design and methodologies, and communication.

ESAs’ Board Of Appeal Dismisses Case Against ESMA On Alleged Non-Application Of Union Law

Date 12/10/2020

The Joint Board of Appeal of the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) published today its decision in the appeal case brought by Mr Howerton against the European Securities and Markets Authority (ESMA). The Board of Appeal’s decision considered as inadmissable the Appellant’s claim that six national financial supervisory authorities and ESMA should have taken supervisory steps in relation to an alleged non-application of Union law.

Moscow Exchange: REPO Risk Parameters Changes For The Security PIKK

Date 12/10/2020

As per the Securities market risk parameters methodology, on 12.10.2020, 17-35 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -178.42 %), penalty rate and IR Risk Rate (up to -3.086 rub) for the security PIKK were changed. New values are available here