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EBA Calls For Input To Understand Impact Of De-Risking On Financial Institutions And Customers
Date 15/06/2020
The European Banking Authority (EBA) issued today a call for input to understand the scale and drivers of ‘de-risking‘ at EU level and its impact on customers. This call, which forms part of the EBA’s work to lead, coordinate and monitor the EU financial sector’s AML/CFT efforts, aims primarily to understand why financial institutions choose to de-risk instead of managing the risks associated with certain sectors or customers. This call for input is of interest to stakeholders across the financial sector and its users, as the EBA wants to hear from all groups affected by de-risking. The call for input runs until 11 September 2020.
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Unity National Bank, Only African American Bank in Texas, Joins American Financial Exchange (AFX)
Date 15/06/2020
The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American financial institutions, announced today that Unity National Bank, the only African American owned bank in Texas, joined the Exchange.
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BIS: How Are Household Finances Holding Up Against The Covid-19 Shock?
Date 15/06/2020
Key takeaways
- As incomes shrink because of the Covid-19 shock, households must balance repaying debt with keeping up reasonable levels of consumption.
- In several countries, low- and middle-wealth households have insufficient liquid buffers to weather a long spell of unemployment without falling behind on debt repayments.
- The resilience of middle-wealth households is especially important: they hold relatively more (mortgage) debt and are more vulnerable in the countries that are more heavily exposed to the economic shock.
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SSY Futures Ltd Arranges First Trade in CME’s New Hot Dipped Galvanized Steel Futures Contract.
Date 15/06/2020
SSY Futures Ltd is pleased to report that it has arranged the first trade in the new HDG Futures contract.
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EU-UK Statement Following The High Level Meeting On 15 June
Date 15/06/2020
Prime Minister Boris Johnson met the President of the European Council Charles Michel, the President of the European Commission, Ursula von der Leyen, and the President of the European Parliament, David Sassoli, on 15 June by videoconference to take stock of progress with the aim of agreeing actions to move forward in negotiations on the future relationship.
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Bank Of England: Payments After The Covid Crisis – Emerging Issues And Challenges - Speech By Christina Segal-Knowles, Executive Director Financial Market Infrastructure Directorate, Given During A London School Of Economics And Centre For Economic Policy Research Webinar
Date 15/06/2020
Christina Segal-Knowles talks about changes to the way people pay for goods and services and the impact Covid-19 has had on that. She goes on to explore how digital currencies fit in and what central banks can and are doing in response to this innovation.
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ESMA Publishes 2019 Annual Report And Updates 2020 Annual Work Programme
Date 15/06/2020
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published its Annual Report, which reviews the achievements from 2019 against its mission of enhancing investor protection and promoting stable and orderly financial markets in the European Union.
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Montréal Exchange Launches CORRA Futures - Canada's Derivatives Exchange Expands Fixed Income Product Suite To Support Newly Enhanced Canadian Benchmark
Date 15/06/2020
Montréal Exchange (MX), Canada's derivatives exchange, today announced the launch of CORRA Futures, a new three-month futures contract based on the Canadian Overnight Repo Rate Average (CORRA) benchmark. The launch coincides with the Bank of Canada taking over the administration of the CORRA interest rate benchmark. CORRA is designed to measure the average cost of overnight general Government of Canada collateral repo transactions and serves as a representative measure of overnight funding rates.
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Change In The Management Board Of Wiener Börse AG
Date 15/06/2020
- CTO/COO Ludwig Niessen will retire after more than three decades on the Vienna Stock Exchange
- Christoph Boschan (CEO) and Petr Koblic (CFO) take over his responsibilities
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Aite Group Announces Winners Of The 2020 Digital Wealth Management Impact Innovation Awards - Aite Group Recognizes Six Innovative Financial Institutions Leveraging Best-In-Class Initiatives
Date 15/06/2020
Aite Group has announced the winners of the 2020 Digital Wealth Management Impact Innovation Awards. The awards, which will be highlighted during Aite Group’s Digital Innovation in Wealth Management Forum taking place virtually on July 15, recognize and celebrate the industry’s best and brightest financial services firms across six dynamic categories.
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