News Centre
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US Financial Stability Oversight Council Meeting
Date 16/07/2021
On Friday, July 16, Secretary Yellen presided over a meeting of the Financial Stability Oversight Council (Council) by videoconference.
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Nadex Temporarily Amends Binary Contracts Strike Width
Date 16/07/2021
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of July 12, 2021 as indicated in the Weekly Notice.
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Nigerian Exchange Weekly Market Report For July 16th, 2021
Date 16/07/2021
A total turnover of 1.008 billion shares worth N10.923 billion in 17,297 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.348 billion shares valued at N12.140 billion that exchanged hands last week in 21,581 deals.
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EBA: Consultation On Amended ITS On Currencies With Constraints On The Availability Of Liquid Assets (EBA/CP/2021/29)
Date 16/07/2021
The European Banking Authority (EBA) launched today a public consultation on amendments to its Implementing Technical Standards (ITS) on currencies with constraints on the availability of liquid assets in the context of the liquidity coverage ratio (LCR). The proposed amendments remove the Norwegian Krone (NOK) from the list, with the result that no currency will be recognised as having constraints on the availability of liquid assets. The consultation runs until 16 October 2021.
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Moscow Exchange: Risk Parameters On Securities Market
Date 16/07/2021
CCP NCC sets the following risk parameters on Securities market starting from 19.07.2021 :
№ Ticker Minimum Initial Margin for the Market Risk, % Concentration Limit, # of securities Level 1, S_1_min Level 2, S_2_min Level 3, S_3_min Level 1 Level 2 1 RU000A103EN3 41% 44% 47% 300 000 1 500 000 -
EBA Consults To Amend Its Technical Standards On Currencies With Constraints On The Availability Of Liquid Assets
Date 16/07/2021
The European Banking Authority (EBA) launched today a public consultation on amendments to its Implementing Technical Standards (ITS) on currencies with constraints on the availability of liquid assets in the context of the liquidity coverage ratio (LCR). The proposed amendments remove the Norwegian Krone (NOK) from the list, with the result that no currency will be recognised as having constraints on the availability of liquid assets. The consultation runs until 16 October 2021.
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US Secretary Of The Treasury Janet L. Yellen To Convene A Meeting Of The President’s Working Group On Financial Markets To Discuss Stablecoins
Date 16/07/2021
Today, Secretary of the Treasury Janet L. Yellen announced plans to convene the President’s Working Group on Financial Markets (PWG), in addition to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, to discuss interagency work on stablecoins. The group will meet Monday, July 19.
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SEC Chair Gensler Announces Composition Of Policy Team
Date 16/07/2021
The Securities and Exchange Commission today announced the appointments of Corey Klemmer, Adam Large, Mika Morse, Sirimal Mukerjee, and Sai Rao to Chair Gary Gensler's policy staff, led by the Policy Director Heather Slavkin Corzo.
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Consolidated Audit Trail - Surveillance Without Kicking The Can Down The Road
Date 16/07/2021
The civic concerns on the Consolidated Audit Trail (CAT) about Massive Government Surveillance should not be treated lightly. According to M.I.T. professor Gary Marx’s statements in this study, “…most people in our society would object to this solution, not because they wish to commit any wrongdoings, but because it is invasive and prone to abuse … fails to take into consideration a number of important issues when collecting personally identifiable data or recordings … such practices create an archive of information that is vulnerable to abuse by trusted insiders … In addition, allowing surreptitious surveillance of one form, even limited in scope and for a particular contingency, encourages government to expand such surveillance programs in the future. It is our view that the danger of a ‘slippery slope’ scenario cannot be dismissed as paranoia …”
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NGX, NG Clearing Hold Engagement Session with PFAs on Derivatives
Date 16/07/2021
Nigerian Exchange (NGX) Limited in collaboration with NG Clearing hosted an engagement with Pension Fund Administrators (PFAs) on NGX derivatives market on 8 July 2021. The virtual session was part of NGX’s efforts to improve the understanding of derivatives and prepare market participants for the imminent launch of derivatives in the Nigerian capital market.
