News Centre

Basel Committee Publishes Stocktake Report On Climate-Related Financial Risk Initiatives

Date 30/04/2020

• First report by high-level Task Force on Climate-related Financial Risks.
• Most BCBS members are undertaking regulatory and supervisory initiatives on climate-related financial risks.
• Future work includes analytical reports and developing effective supervisory practices.

   

UK Financial Conduct Authority: Strong Customer Authentication And Coronavirus

Date 30/04/2020

In the exceptional circumstances of the Covid crisis, we are giving the industry an additional 6 months to implement strong customer authentication (SCA) for e-commerce. This will minimise potential disruption to consumers and merchants. The new timeline of 14 September 2021 replaces the 14 March 2021 date.

MTS launches New Unsecured Money Market Trading Platform, MTS Depo

Date 30/04/2020

• Electronic unsecured money market trading now available for dealers across Europe on the same platform as MTS Repo
• First trade executed and settled between two Italian banks
• Launch reflects growing demand for electronic trading in unsecured money markets across Europe

Oleg Viyugin Re-Elected As Chairman Of The Moscow Exchange Supervisory Board

Date 30/04/2020

The Supervisory Board newly elected at the Annual General Meeting of Shareholders held its first meeting on 29 April 2020 by video conference. At the Board meeting, Oleg Viyugin, independent director, was re-elected as Chairman of the Supervisory Board. Andrey Golikov was re-elected as Deputy Chairman.

Bank Of England: Sandra Boss Steps Down From The Prudential Regulation Committee And The RTGS Renewal Team

Date 30/04/2020

Sandra Boss, an external member of the Bank of England’s Prudential Regulation Committee (PRC) and the Senior Independent Member of the RTGS/CHAPS Board has stepped down to join BlackRock.

Bitcoin’s Coming Of Age? May’s Historic Halving Taking Place In A New Era: Chief Executive And Founder deVere Group, Nigel Green

Date 30/04/2020

The Bitcoin price will hit ‘at least $10,000’ even before the four-yearly ‘halving’ event taking place in two weeks, predicts the CEO of one of the world’s largest independent financial advisory organizations. 

ACER Launches Consultation To Integrate Further Electricity Balancing Between Denmark, Finland, Sweden And Norway

Date 30/04/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) launches today a public consultation in accordance with the EU Regulation establishing a Guideline on Electricity Balancing, which aims to further integrate the EU balancing markets regionally. It refers to the methodologies needed to create a common Nordic automatic Frequency Restoration Reserve (aFRR) Balancing Capacity Market for Denmark, Finland, Sweden and Norway.

Chicago Business Barometer™ – Cascaded To 35.4 In April - Key Points – April Report

Date 30/04/2020

The Chicago Business Barometer^TM, produced with MNI, fell 12.4 points in April to its lowest level since March 2009 as business confidence dipped sharply amid the current spread of COVID-19.

Federal Reserve Board Announces It Is Expanding The Scope And Eligibility For The Main Street Lending Program

Date 30/04/2020

The Federal Reserve Board on Thursday announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support the economy, the Federal Reserve developed the Main Street Lending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before the pandemic.

FCA Third-Party Reviews Spike 68% In 2019/2020 Compared To Year Before – Financial Crime Is Still A Key Focus, Says Duff & Phelps

Date 30/04/2020

Figures released by the FCA about Skilled Persons Reports that were analysed by Duff & Phelps, the global advisor that protects, restores and maximises value for clients, revealed several important findings. The data shows that the regulator ordered 24 Skilled Person Reports in Q4 2019/2020. This brought the total for the year to 57, a 68% increase from 2018/2019 when only 34 reports were commissioned. That 2019/2020 figure represents the highest annual number of reports since 2012/13, when 113 reports were ordered.