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BIS: The Pricing Of Carbon Risk In Syndicated Loans: Which Risks Are Priced And Why?

Date 01/06/2021

Summary

Focus

Do banks price the risks of climate policy change? We combine syndicated loan data with carbon intensity data (CO2 emissions relative to revenue) of borrowers across a wide range of industries. With this data, we study whether banks charge a "carbon premium". Firms with higher carbon intensity are at risk to suffer penalties if stricter climate policies, such as carbon taxes, are introduced. Hence, banks should be charging higher rates for firms with a higher carbon intensity.

Statistics From Nasdaq Nordic Exchange May 2021

Date 01/06/2021

Monthly statistics including stock and derivative statistics:

• Volumes and Market cap
• Most traded companies
• Most active members
• Listings and members

Tackling Climate For Real: The Role Of Central Banks - Speech By Andrew Bailey, Governor, Bank Of England, Given At Reuters Events Responsible Business 2021

Date 01/06/2021

Andrew Bailey talks about why climate change is an issue that a central bank, like us, needs to respond to.

Winner Of The FESE De la Vega Prize 2021 Announced

Date 01/06/2021

The Federation of European Securities Exchanges (FESE) is delighted to announce that the winner of the FESE De la Vega Prize 2021 is Jonas Heese, the Marvin Bower Associate Professor of Business Administration at Harvard Business School, for his paper “Does industry employment of active regulators compromise oversight?”

Finansinspektionen: Liquidity Tools In UCITS And Special Funds

Date 01/06/2021

Finansinspektionen concludes in a new report that fund managers need access to additional tools to manage liquidity risks in Swedish UCITS and special funds. We consider there to be a certain type of swing pricing that could be used already today. The report outlines a suggestion for how to regulate this and other liquidity management tools in legislation and regulations. FI takes the position that Swedish UCITS only need to be open for redemptions once a week. We suggest that the funds instead only need to be open for redemptions twice a month.

ESMA Publishes Latest Edition Of Its Newsletter

Date 01/06/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its latest edition of the Newsletter “Spotlight on Markets”.

Purdue University/CME Group Ag Economy Barometer Declines Sharply; Producers Remain Bullish On Farmland Values

Date 01/06/2021

The Purdue University/CME Group Ag Economy Barometer saw a significant decline in May, down 20 points to a reading of 158. This marks the lowest reading for the survey since September of 2020. Producers were less optimistic about both current conditions and the future of the agricultural economy. The Index of Current Conditions dropped 17 points to a reading of 178 and the Index of Future Expectations fell 20 points to a reading of 149. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted from May 10-14, 2021.

EBA Announces Changes To Its Internal Organisation And Appoints Two New Directors

Date 01/06/2021

In line with its 3-year strategic priorities focusing on the Single Rulebook, risk tools, data, digital finance, anti-money laundering and counter terrorism financing (AML/CFT), and environmental, social and governance (ESG) factors, the European Banking Authority (EBA) announced today a series of changes to its internal organisation. The new structure, which enters into force as of 1 June 2021, aims at fostering synergies, increasing focus, and developing staff.

Synechron And Campus Pride Partner To Promote And Align Diversity Initiatives And Expand LGBTQ Career Opportunities

Date 01/06/2021

Synechron, Inc., a leading digital transformation consulting firm focused exclusively on the financial services industry, today announced its new partnership with Campus Pride, the leading national non-profit organization for student leaders and campus groups working to create a safer college environment for LGBTQ students.   

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

Date 01/06/2021

As per the Securities market risk parameters methodology, on 01.06.2021, 16-26 (MSK) the lower bound of the price band (up to 7812) and initial margins (up to 15 %) for the security ABT-RM were changed. New values are available here