News Centre

The Financial Stability Board’s Roadmap For Addressing NBFI Vulnerabilities

Date 21/10/2020

Speaking at the SIFMA Annual Meeting, FSB Chair Randal K. Quarles updates on the FSB's holistic review of the COVID Event on financial markets in March.

Datto Makes Public Debut On The New York Stock Exchange

Date 21/10/2020

The New York Stock Exchange (NYSE), a wholly-owned subsidiary of Intercontinental Exchange (NYSE: ICE), welcomed Datto Holding Corp. to the NYSE after it opened for trading today under the ticker symbol “MSP,” following its initial public offering. Datto is a leading global provider of cloud-based software and technology solutions purpose-built for delivery by managed service providers (MSPs).

IMF Executive Board Approves A US$ 156 Million New Disbursement For Cameroon To Address The Impact Of The COVID-19 Pandemic

Date 21/10/2020

• This is the second disbursement under the Rapid Credit Facility (RCF) to help Cameroon address urgent balance of payment needs stemming from the COVID-19 pandemic.
• Weaker external demand and a deepening of the economic impact of the COVID-19 pandemic have further deteriorated growth prospects and worsened external and fiscal positions.
• Additional resources under the RCF will help address urgent financing needs to mitigate the impact of the pandemic, including spending on health, social protection, and to support the most vulnerable as well as catalyze additional donor resources.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 21/10/2020

CCP NCC is changing risk parameters on Securities market starting from October 23, 2020:

EBA Issues Opinion To Address Possible Infection Risk Stemming From Legacy Instruments

Date 21/10/2020

The European Banking Authority (EBA) issued today an Opinion to clarify the prudential treatment of the so-called ‘legacy instruments” in view of the end of the grandfathering period on 31 December 2021. In its Opinion, the EBA proposes policy options to address the infection risk when created by such instruments. The EBA’s recommendations aim at ensuring a high quality of capital for EU institutions and a consistent application of rules and practices across the Union.

Comment From CryptoCompare CEO, Charles Hayter, On PayPal Launching New Service Enabling Users To Buy, Hold And Sell Cryptocurrency - PayPal Spurs Bitcoin Adoption And Price

Date 21/10/2020

The announcement that PayPal will allow its users to buy, sell and hold cryptocurrencies is in the view of cryptoCompare the most important news this year for the digital asset industry. 

Superintendent Linda A. Lacewell Announces Paypal To Be The First Approved Entity For New York State Department of Financial Services Conditional Bitlicense -Builds Upon Superintendent’s June Announcement Of DFS Virtual Currency Initiatives With DFS Approval, PayPal Partners With New York State Chartered Paxos To Engage In Virtual Currency Business Activities

Date 21/10/2020

Superintendent of Financial Services Linda A. Lacewell today announced PayPal, Inc. (PayPal) is the first to receive a conditional Bitlicense from the New York State Department of Financial Services (DFS). With approval from DFS, PayPal, in partnership with Paxos Trust Company (Paxos), has launched a new service enabling its customers to buy, sell and hold certain cryptocurrencies. Paxos, a New York State chartered trust company, will provide cryptocurrency trading and custodial services to PayPal for the benefit of PayPal customers. 

PayPal Launches New Service Enabling Users To Buy, Hold And Sell Cryptocurrency - Will Enable Cryptocurrency As A Funding Source For Digital Commerce At Its 26 Million Merchants - Receives Conditional Bitlicense From New York State Department Of Financial Services

Date 21/10/2020

The migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers. PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency's utility by making it available as a funding source for purchases at its 26 million merchants worldwide.

UK Financial Conduct Authority Writes Joint Letter On Brexit With The Bank To CEOs Of Insurance Firms And Updates Its Website For All Firms

Date 21/10/2020

Jointly with the Bank of England, we have written a letter to CEOs of insurance firms on the importance of being prepared for the end of the transition period, in order to minimise disruption and ensure market stability.

Deal On EU-UK Relations Must Not Compromise EU Values

Date 21/10/2020

Reporting to Parliament on the outcome of the 15-16 October summit, European Council President Charles Michel said that the EU welcomes a close relationship with the UK, but not in a scenario where the UK wants access to the single market and at the same time diverges from EU standards and regulations. “You can’t have your cake and eat it,” he said.