News Centre

Federal Reserve: Senior Credit Officer Opinion Survey On Dealer Financing Terms

Date 25/03/2021

Release Dates 

The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about changes in supply and demand for loans to households and businesses at commercial banks. The SCOOS collects qualitative information on credit terms and conditions in securities financing and OTC derivatives markets, which are important conduits for leverage in the financial system. The survey panel for the SCOOS began by including 20 dealers and over time has been expanded. These firms account for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. The HTML links below include the full report; the PDF links include the summary only.

Nigerian Exchange Group Group Hosts Children’s International School To Virtual Financial Literacy Session, X-Tour

Date 25/03/2021

The Nigerian Exchange Group (NGX Group) Plc continues to play its role in driving Financial Literacy as a tool for economic development. On Thursday, 25 March 2021, NGX Group commemorated the annual Global Money Week with a virtual X-Tour and digital Closing Gong Ceremony with Children’s International School.

BIS Innovation Hub And SWIFT Announce Winners Of ISO 20022 And API Hackathon

Date 25/03/2021

The BIS Innovation Hub is supporting the CPMI and FSB roadmap to improve cross-border payments. In March 2021 we partnered with SWIFT to run a week-long hackathon focussed on using ISO 20022 messaging and modern APIs to build better cross-border payment processes.

UK Financial Conduct Authority: High Court Finds That 24HR Trading Academy Unlawfully Advised On Investments And Unlawfully Promoted CFD Trading

Date 25/03/2021

The High Court has delivered a summary judgement in proceedings commenced by the FCA ruling that 24HR Trading Academy Limited (24HR Trading), run by Mohammed Fuaath Haja Maideen Maricar, contravened the Financial Services and Markets Act 2000 (FSMA) by providing unauthorised investment advice to consumers via WhatsApp messages.

Climate Considerations Now Fully Embedded Across UK Principal Financial Regulators

Date 25/03/2021

The UK has extended its global leadership on green finance by requiring its principal financial regulators to consider climate change yesterday (24 March 2021).

BIS - Liquidity To Solvency: Transition Cancelled Or Postponed?

Date 25/03/2021

Key takeaways

• Since the start of the Covid-19 pandemic, a "bankruptcy gap" has emerged between measures of expected and realised bankruptcies globally.
• The ample supply of credit to make up for short-term losses has been an important factor decoupling bankruptcies from the sharp reduction in firms' cash flows.
• Firms' reliance on credit suggests that it may be too early to dismiss future solvency risk. Significant increases in leverage and weak earnings forecasts in some sectors suggest that for some firms, greater credit extension may have only postponed, rather than cancelled, their insolvency.

EEX Awarded Contract As Sales Platform For Fuel Emissions Trading In Germany

Date 25/03/2021

European Energy Exchange AG (EEX) was awarded the contract for the sale of fuel emission allowances in the national Emissions Trading Scheme (nETS) by the German Federal Environment Agency. Fuel emissions trading has been in force in Germany since 1st January 2021. The instrument will set a CO2 price for the heat and transport sectors at a national level for the first time, as previously this has not been covered by the European Emissions Trading Scheme (EU ETS).

JonesTrading Hires Industry Veterans To Thriving Outsourced Trading Department

Date 25/03/2021

JonesTrading Institutional Services LLC (“JonesTrading”) announced today the hiring of industry veterans Chris Macaluso and Jon Everett to further enhance the firm’s European and U.S. outsourced trading businesses, respectively.  The moves come after a year of tremendous growth for the firm, and will further augment JonesTrading’s award winning outsourced trading offering.  

Two New Funds Launch To Support The Solana Ecosystem, Bringing $40 Million Investment From OKEx, MXC And The Solana Foundation - Leading Exchanges Are Committing Financing To Fuel The Growth Of Projects And Expand Go-To-Market Resources For dApp And Protocol Development

Date 25/03/2021

The Solana Foundation (https://solana.com/), announced today it has partnered with leading cryptocurrency exchanges, OKEx and MXC, to launch two strategic investment funds that will bring $40 million of new capital to accelerate the growth and development of key projects in the Solana ecosystem. 

Exchange Council Of The Frankfurt Stock Exchange Appoints Frank Hoba As Member Of The Management Board

Date 25/03/2021

At its meeting today, the Exchange Council of the Frankfurt Stock Exchange appointed Frank Hoba as a member of the Management Board. He succeeds Martin Reck, who will leave Deutsche Börse in the course of 2021 at his own request and by mutual agreement.