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The Economic Outlook And Monetary Policy, Federal Reserve Governor Christopher J. Waller, At The Global Interdependence Center's 39th Annual Monetary and Trade Conference, The LeBow College Of Business, Drexel University, Philadelphia, Pennsylvania (Via Webcast)

Date 13/05/2021

Thank you, Kathleen, and thank you, George and the Global Interdependence Center, for the invitation to speak to you this afternoon. I am with you to talk about my outlook for the U.S. economy and the implications for monetary policy. In the last week we have received employment and inflation reports that have garnered a lot of attention. Incorporating this information into my outlook, I have two messages today. The first is that, despite an unexpectedly weak jobs report, the U.S. economy is hitting the gas and continuing to make a very strong recovery from the severe COVID-19 recession. Let's remember, and this applies to latest inflation data too, that a month does not make a trend—the trend for the economy is excellent. My second message is that, despite the unexpectedly high CPI inflation report yesterday, the factors putting upward pressure on inflation are temporary, and an accommodative monetary policy continues to have an important role to play in supporting the recovery.

Moscow Exchange: REPO Risk Parameters Change For The Securities OXY-RM And BABA-RM

Date 13/05/2021

Please follow the links below to access the information:

Risk parameters change for the security OXY-RM
Risk parameters change for the security BABA-RM

Access To Cash UK Financial Conduct Authority And UK Payment Systems Regulator Joint Statement

Date 13/05/2021

Access to cash and banking services remain vital for many consumers and businesses. Our Financial Lives Survey in 2020 found that 5 million adults use cash for most of their purchases. The pandemic has led to more people becoming familiar with contactless card payments and internet shopping.

U.S. Department Of The Treasury Distributes $742 Million To States And Territories Through Homeowner Assistance Fund

Date 13/05/2021

Today, the U.S. Department of the Treasury announced that it has distributed $742 million to 42 states and 3 territories through the Homeowner Assistance Fund (HAF). A part of the Biden-Harris Administration’s American Rescue Plan, HAF was designed to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship due to the COVID-19 public health crisis.

The FCA And The Bank Of England Encourage Market Participants In A Switch To SONIA In The Sterling Exchange Traded Derivatives Market From 17 June

Date 13/05/2021

Following close engagement with market participants, the FCA and Bank of England support and encourage market users and liquidity providers in the sterling exchange traded derivatives market to switch the default traded instrument to SONIA instead of LIBOR from 17 June this year. This is to facilitate a further shift in market liquidity toward SONIA, bringing benefits for a wide range of users as they move away from LIBOR.

Protecting Access To Cash And Banking Services - Speech By Sheldon Mills, UK Financial Conduct Authority, Executive Director, Consumers And Competition, Delivered At Which? Cash Summit 2.0 – Cash Access And Acceptance

Date 13/05/2021

Highlights

• Based on our evidence, we believe that access to cash across the UK is generally good for most people. However, as the future of cash and branch banking evolves, government, regulators and industry need to play their part in maintaining good access.
• The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) are committed to protecting access to cash, particularly for cash reliant vulnerable consumers.
• Legislation is essential to protect access to cash, but we want individual firms and the wider industry to play a role. We expect individual firms to protect the ability of their customers to access cash and other services that meet their needs when they close branches.
• We must work together to protect the ability of consumers and businesses to access cash and banking services. The FCA and the PSR will continue to work in an open and transparent way with consumer bodies and the firms we regulate to achieve our desired outcome, including using the full range of regulatory tools available to us where we need to.

Do We Need ‘Public Money’? - Speech By Jon Cunliffe, Bank Of England, Deputy Governor, Financial Stability, Given at the OMFIF Digital Money Institute, London

Date 13/05/2021

The Bank of England has issued banknotes for over 300 years. Jon Cunliffe talks about future of money in the UK in an increasingly digital world.

Pico Teams With Intel For 100gbps Real-Time Analytics In Financial Market - Pico Leverages Newly Announced 3rd Gen Intel Xeon Scalable Processors To Reach Sustained 100gbps Real-Time Processing For Its Market Leading Corvil Analytics Product -

Date 13/05/2021

Pico, a leading provider of technology services for the global financial markets community, has teamed with Intel to achieve 100Gbps sustained real-time processing for its market leading Corvil Analytics product which is used by the world’s largest banks, exchanges, quantitative hedge funds, electronic market makers and brokers to manage and analyze their network flow. Pico collaborated closely with Intel’s microprocessor team to leverage the new features and capabilities recently introduced in 3rd Gen Intel Xeon Scalable processors.

TMX Group Announces Election Of Directors

Date 13/05/2021

TMX Group today announced that the nominees listed in the management proxy circular for the 2021 Annual and Special Meeting of Shareholders were elected as directors of TMX Group Limited. Detailed results of the vote for the election of directors held at the Virtual Annual and Special Meeting on Wednesday, May 12, 2021 are set out below.

ICE Mortgage Technology Borrower And Lender Survey Shows Momentous Surge In Technology Adoption - Record Volume During Pandemic Shifts Industry To Increased Digital Mortgage Focus

Date 13/05/2021

ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today shared that this past year borrowers took advantage of historically low interest rates and the mortgage industry embraced digital mortgages more than ever before. According to ICE Mortgage Technology’s™ latest Borrower and Lender Insights Survey, the pandemic has permanently changed the way consumers utilize technology and those looking to buy or refinance a home are seeking lenders who offer online tools to complete their mortgage loans from home.