News Centre

ECB Announces Measures To Support Bank Liquidity Conditions And Money Market Activity

Date 12/03/2020

• Series of additional longer-term refinancing operations to safeguard liquidity and money market conditions
• Operations allotted on a weekly basis and all mature on 24 June 2020 when the fourth operation of TLTRO III settles

CONSOB Adopts A Temporary Ban On Short Selling On Many Italian Shares - The Ban Shall Apply On Friday 13th March 2020

Date 12/03/2020

Consob decided to temporary prohibit short sales in 85 Italian shares (see Attachment) with resolution no. 21301 of 12 March 2020.

Moscow Exchange: Risk Parameters Changes: Update 3

Date 12/03/2020

Please follow the links below to access the information:

Risk parameters change for the security TATN
Risk parameters change for the security VTBR
Risk parameters change for the security SBMX
Risk parameters change for the security SBER
Risk parameters change for the security NVTK
Risk parameters change for the security NVTK
Risk parameters change for the security SU26218RMFS6
Risk parameters change for the security SU26207RMFS9
Risk parameters change for the security SU26215RMFS2

The CNMV Bans Temporarily Short Sales On 69 Shares Listed On The Spanish Stock Exchanges

Date 12/03/2020

The CNMV has decided to ban short sales during tomorrow’s trading session, 13th of March, on all liquid shares admitted to trading on the Spanish stock exchanges whose price has fallen today, March 12th, more than 10% and on all illiquid shares (in accordance to Delegated Regulation 918/2012) whose price has fallen more than 20%. The 69 shares concerned are listed in the attached annex.

IMF Managing Director Kristina Georgieva Proposes The Appointment Of Geoffrey Okamoto As First Deputy Managing Director

Date 12/03/2020

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), today proposed the appointment of Geoffrey Okamoto as First Deputy Managing Director, effective March 30, 2020. The appointment is subject to approval by the IMF’s Executive Board.

Moscow Exchange Forum 2020 To Move To Online Format - Covid 19

Date 12/03/2020

Moscow Exchange has decided to convert the Moscow Exchange Forum scheduled for 1–2 April 2020 to a new online conference format. The decision has been taken in view of ongoing efforts being undertaken in Russia and worldwide to contain the spread of the COVID-19 virus.

ECB Banking Supervision Provides Temporary Capital And Operational Relief In Reaction To Coronavirus

Date 12/03/2020

• Banks can fully use capital and liquidity buffers, including Pillar 2 Guidance
• Banks will benefit from relief in the composition of capital for Pillar 2 Requirements
• ECB to consider operational flexibility in the implementation of bank-specific supervisory measures

Moscow Exchange Reveals Action Plan Amid Coronavirus Pandemic

Date 12/03/2020

Moscow Exchange is keeping a close eye on the COVID-19 outbreak. It has developed an action plan to ensure operational continuity of its infrastructure under a variety of scenarios depending on how the health in Russia evolves.

Accuity Acquires Apply Financial To Provide Real-Time Straight Through Processing And Account Validation Payment Solutions

Date 12/03/2020

Accuity, a leading global provider of financial crime screening, payments, and know your customer (KYC) solutions, and part of RELX, announced today that it has acquired Apply Financial Limited (Apply Financial). The acquisition supports Accuity’s strategy of providing banks, corporates, non-banking financial institutions (NBFIs), and fintechs with global and domestic payment and account validation solutions that reduce payment processing costs while increasing the speed of transactions.

ECB: Monetary Policy Decisions

Date 12/03/2020

At today’s meeting the Governing Council decided on a comprehensive package of monetary policy measures:

(1) Additional longer-term refinancing operations (LTROs) will be conducted, temporarily, to provide immediate liquidity support to the euro area financial system. Although the Governing Council does not see material signs of strains in money markets or liquidity shortages in the banking system, these operations will provide an effective backstop in case of need. They will be carried out through a fixed rate tender procedure with full allotment, with an interest rate that is equal to the average rate on the deposit facility. The LTROs will provide liquidity at favourable terms to bridge the period until the TLTRO III operation in June 2020.

(2) In TLTRO III, considerably more favourable terms will be applied during the period from June 2020 to June 2021 to all TLTRO III operations outstanding during that same time. These operations will support bank lending to those affected most by the spread of the coronavirus, in particular small and medium-sized enterprises. Throughout this period, the interest rate on these TLTRO III operations will be 25 basis points below the average rate applied in the Eurosystem’s main refinancing operations. For counterparties that maintain their levels of credit provision, the rate applied in these operations will be lower, and, over the period ending in June 2021, can be as low as 25 basis points below the average interest rate on the deposit facility. Moreover, the maximum total amount that counterparties will henceforth be entitled to borrow in TLTRO III operations is raised to 50% of their stock of eligible loans as at 28 February 2019. In this context, the Governing Council will mandate the Eurosystem committees to investigate collateral easing measures to ensure that counterparties continue to be able to make full use of the funding support.

(3) A temporary envelope of additional net asset purchases of €120 billion will be added until the end of the year, ensuring a strong contribution from the private sector purchase programmes. In combination with the existing asset purchase programme (APP), this will support favourable financing conditions for the real economy in times of heightened uncertainty.