News Centre

Themistocles And The Mathematicians: The Role Of Stress Testing, Federal Reserve Vice Chair For Supervision Randal K. Quarles, At The Federal Reserve Bank Of Atlanta, Atlanta, Georgia (Via Webcast)

Date 25/02/2021

One of the principal themes of human history—and certainly of economic history—is that of a sudden technological breakthrough originally deployed for one purpose being gradually refined over time until new and better versions of it are eventually deployed for a much broader range of purposes. The breakthrough supplies the drama, but it's the steady incremental improvement over time that makes the greatest difference. The Phoenicians dramatically improved the speed and cargo load of their commercial voyages with the invention of the trireme—massive boats, powered with three tiers of oarsmen, rather than the standard one or two—dispatched from Tyre and Sidon in the service of exploration, commerce, and colonization. But the Greeks improved on the design, bit by bit, and over many years, until they became not commercial vessels ferrying cargo from Carthage to Cádiz, but warships that revolutionized naval combat and enabled Athens—led by the obstinate upstart Themistocles who built a fleet of 200 triremes, the largest navy Greece had ever seen—to challenge and defeat the Persian King. Or, somewhat closer to home, consider the development of radar in World War II. That initial innovation was instrumental in winning the war but continued refinement has led to technologies that can promptly warn us of tornados or even steer our cars.

Iberclear Launches RENADE’s Electronic Office

Date 25/02/2021

Iberclear, BME's central securities depository, has launched the Electronic Office of RENADE, the National Registry for Greenhouse Gas Emission Allowances. This implementation is part of BME's digital transformation strategy to automate processes through the application of the most innovative technologies. Furthermore, it is another step forward by BME in favour of the planet’s sustainability, insofar as digitalisation contributes to the reduction of CO2 emissions into the atmosphere.

ESAs Issue Recommendations On The Application Of The Regulation On Sustainability-Related Disclosures

Date 25/02/2021

Backbase And Zafin Push The Limits Of Customer Personalization Through Turn-Key Dynamic Product And Pricing Capabilities - The New Partnership Provides Financial Institutions Instant Access To Relationship-Based Product And Pricing Technology, Enhancing Both Loyalty And Share Of Wallet.

Date 25/02/2021

Leading engagement banking platform provider Backbase announces today that it has partnered with Zafin, the global leader in SaaS cloud-native product and pricing solutions for banks, to integrate Zafin’s relationship-based product and pricing capabilities into its Engagement Banking platform.

Bank For International Settlements (BIS) To Hold Inaugural BIS Innovation Summit On 22-25 March

Date 25/02/2021

• Inaugural BIS Innovation Summit to run 22–25 March with events in three time zones
• Central bankers, policymakers, business leaders and academics to discuss: "How can central banks innovate in the digital age?"
• Winners of the global ISO 20022 Hackathon to be announced

IOSCO Statement On Enhancing Collaboration Between The IASB And The FASB On Accounting For Goodwill

Date 25/02/2021

The International Organization of Securities Commissions (IOSCO) is the international body that brings together securities regulators and is recognised as the global standard-setter for securities regulation. The organisation's membership regulates more than 95% of the world's securities markets and is responsible for the oversight of capital markets and the application and enforcement of accounting and audit standards in those markets, as well as promoting sound disclosure principles. IOSCO’s objectives are protecting investors, maintaining fair, efficient and transparent markets and seeking to address systemic risks. The application of accounting standards results in issuers providing relevant and representationally faithful information to allow investors to make informed investment decisions.

Bison Trails Launches Polkadot Indexer, A New API For Accessing Polkadot And Kusama Blockchain Data

Date 25/02/2021

Bison Trails, the premier blockchain infrastructure platform-as-a-service company, announced today the launch of Polkadot Indexer, a new API that will enable developers, analytics companies and institutions to efficiently access and query data from the Polkadot and Kusama blockchains. 

ETFGI Reports Assets Invested In ETFs Listed In Canada Reached A New Record Of US$203.04 Billion At The End Of January 2021

Date 25/02/2021

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reports assets invested in ETFs listed in Canada reached a new record of US$203.04 billion at the end of January.  ETFs listed in Canada gathered net inflows of US$2.77 billion during January which is less than the US$3.17 billion gathered in January 2020.  ETF assets in Canada have increased by 0.5% from US$202.07 billion in December 2020 to US$20.04 billion, according to ETFGI's January 2021 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Under 25s Most Vulnerable To Cyberattacks, According To LexisNexis® Risk Solutions Global Cybercrime Report

Date 25/02/2021

• Generation Z are 84% more likely to be targeted by fraudsters than 25–35-year-olds
• Over 75-year-olds typically lose almost twice (90%) as much money to fraud as other age groups
• Bot attacks buck global trend and soar in the UK as fraudsters target e-commerce and media organisations’ logins

US Federal Agencies Issue Shared National Credit Review

Date 25/02/2021

Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit (SNC) Review released by federal bank regulatory agencies today. The elevated risk is largely attributed to the effects of COVD-19. While risk has increased, many agent banks have strengthened their risk management systems since the prior downturn and are better equipped to measure and mitigate risks associated with loans in the current environment.