News Centre

Nigerian Stock Exchange Joins Global Exchanges To Ring The Bell For Financial Literacy

Date 09/10/2020

The Nigerian Stock Exchange (NSE or The Exchange) joined The World Federation of Exchanges (WFE) and International Organization of Securities Commissions (IOSCO) to Ring the Bell for Financial Literacy on Friday, 9 October 2020.

BIS: At The Crossroads In The Transition Away From LIBOR - From Overnight To Term Rates

Date 09/10/2020

Summary

Focus

This note looks at different ways of constructing term rates from overnight rates. When LIBOR goes out of use, as planned for the end of 2021, financial contracts will need to use LIBOR's alternative rates. For the US market, this is the Secured Overnight Financing Rate (SOFR), a measure of the cost of borrowing cash overnight collateralised by Treasury securities. However, unlike LIBOR, which is a term rate, SOFR and the other alternative rates are all overnight rates.

The Car Talk Of Capital Raising, Martha Miller, SEC Advocate For Small Business Capital Formation, Oct. 9, 2020 - Remarks At SEC Speaks 2020

Date 09/10/2020

Good morning and welcome to the virtual audience. Thank you Steph [Avakian] and Dalia [Blass] for chairing this year’s program, and to the Practicing Law Institute for the invitation to participate.

SIX: Extraordinary Indices Adjustments

Date 09/10/2020

Following the takeover of Sunrise Communications Group AG, SIX will carry out an extraordinary adjustment to the index composition of SMIM® and SPI® indices. The affected indices will be adjusted on 16 October 2020.

BIS: Central Bank Digital Currencies: Foundational Principles And Core Features

Date 09/10/2020

Joint report by The Bank of Canada, European Central Bank, Bank of Japan, Sveriges Riksbank, Swiss National Bank, Bank of England, Board of Governors of the Federal Reserve and Bank for International Settlements.

CFTC Revokes Registrations Of Florida Company And Its CEO For Fraud And Related Criminal Conviction

Date 09/10/2020

The Commodity Futures Trading Commission today announced it has revoked the Commodity Pool Operator and Commodity Trading Advisor registrations of Phy Capital Investments LLC of Miami, Florida and the Associated Person registration of its owner Fabio Bretas de Freitas, formerly of Miami, Florida.

ACER - EMIT Forum: The Pandemic Did Not Impact The Functioning Of EU Wholesale Energy Markets And Their Integrity

Date 09/10/2020

Most participants at the latest Energy Market Integrity and Transparency (EMIT) Forum taking place today agreed that the transition into remote working after the COVID-19 outbreak went rapidly and smoothly for all stakeholders in the field.

FSB Encourages Broad And Timely Adherence To The ISDA IBOR Fallbacks Protocol

Date 09/10/2020

The Financial Stability Board (FSB) welcomes the announcement today by the International Swaps and Derivatives Association (ISDA) of the forthcoming launch of its IBOR Fallbacks Protocol (the Protocol) and IBOR Fallbacks Supplement (the Supplement) for IBOR-linked derivative contracts. The FSB strongly encourages widespread and early adherence to the Protocol – by all affected financial and non-financial firms – which will be a major driver of transition for derivatives in all LIBOR currencies and a critical step in benchmark transition ahead of end-2021.

14th Meeting Of The OIC Exchanges Forum Held In İstanbul

Date 09/10/2020

The 14th Meeting of the Organization of Islamic Cooperation (OIC) Exchanges Forum hosted by Borsa İstanbul took place online on Thursday, October 8, with the participation of 135 delegates from 24 OIC countries including 24 exchanges, 8 post-trade institutions and 13 international/sector institutions. The Forum meets annually since 2005 to improve cooperation among member organizations.

Bank Of England: Update On The Covid Corporate Financing Facility (CCFF) – Market Notice 9 October 2020

Date 09/10/2020

This Market Notice provides an update on how CCFF issuers’ credit quality will be monitored and reviewed in advance of the closure of the CCFF. It supplements, and should be read in conjunction with, the consolidated Market Notice dated 3 August 2020 and the Market Notice confirming the closure of the CCFF dated 22 September 2020.