News Centre

EBA Provides Additional Clarity On Measures To Mitigate The Impact Of COVID-19 On The EU Banking Sector

Date 31/03/2020

Following its call for flexibility in the prudential framework and supervisory approaches to support lending into the real economy, the European Banking Authority (EBA) clarified today its expectations in relation to dividend and remuneration policies, provided additional guidance on how to use flexibility in supervisory reporting and recalled the necessary measures to prevent money laundering and terrorist financing (ML/TF).

ESMA Provides Clarifications For Best Execution Reports Under MiFID II

Date 31/03/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is issuing a Public Statement to clarify issues regarding the publication by execution venues and firms of the general best execution reports required under RTS 27 and 28  of MiFID II, in light of the COVID-19 pandemic.

Qatar Stock Exchange Listed Companies Reported QR 38.57 Billion Net Profits For The Year 2019

Date 31/03/2020

46 companies listed on Qatar Stock Exchange out of 47 listed companies disclosed their annual financial results for the year ended December 31, 2019, as the net profits for that period amounted to QR 38.57 Billion compared to QR 40.82 Billion for the same period last year 2018, the mount shows decrease with 5.53%.

MNI Chicago Business Barometer™ – Drops To 47.8 In March

Date 31/03/2020

Key Points – March Report

The Chicago Business Barometer^TM, produced with MNI, declined by 1.1 points in March, marking a ninth consecutive sub-50 reading. However, business sentiment rose marginally by 0.2 points to 46.6 in Q1.

Remarks By IMF Managing Director Kristalina Georgieva During An Extraordinary Conference Call Of G20 Finance Ministers And Central Bank Governors

Date 31/03/2020

International Monetary Fund (IMF) Managing Director Kristalina Georgieva made the following remarks today during an extraordinary conference call of G20 Finance Ministers and Central Bank Governors:

“Thank you to the Saudi G20 presidency for calling this extraordinary meeting.

Outlook

“We welcome the decisive actions many of you have taken to shield people and the economy from COVID-19, that led to a decline in volatility in major financial markets in recent days. Nonetheless we remain very concerned about the negative outlook for global growth in 2020 and in particular about the strain a downturn would have on emerging markets and low-income countries.

“Our forecast of a recovery next year hinges on how we manage to contain the virus and reduce the level of uncertainty."

Moscow Exchange To Waive Connectivity Charges For New Terminals Until 1 June

Date 31/03/2020

Given that many employees of banks, brokers and other companies are working from home, Moscow Exchange will not charge one-off and monthly fees for all new technical access IDs for MOEX Trade terminals on the Equity & Bond, FX and Money Markets for the period 1 April-1 June 2020.

DTCC Adds Two Industry Veterans To Board Of Directors

Date 31/03/2020

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, today announced the election of two new members to its Board of Directors during the firm’s Annual Shareholders Meeting. The Board plays a critical role in overseeing the strategic direction of DTCC, working closely with the firm’s leadership and providing guidance around topics including risk management, regulatory matters, the development of new products and services, emerging fintech and more.

ESMA Withdraws Registration Of DTCC Data Repository (Ireland) PLC

Date 31/03/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today withdrawn the trade repository (TR) registration of DTCC Data Repository (Ireland) PLC (DDRIE).

IMF Executive Board Approves Framework For New Bilateral Borrowing Agreements

Date 31/03/2020

• The IMF’s Executive Board has approved a framework for a new round of bilateral borrowing, to succeed agreements currently in place through end-2020
• This action is part of a broader package on IMF resources and governance reform that will help maintain the IMF’s lending capacity of $1 trillion
• These are critical steps to ensure that the IMF can support its membership through the global pandemic now unfolding and beyond.

Federal Reserve Announces Establishment Of A Temporary FIMA Repo Facility To Help Support The Smooth Functioning Of Financial Markets

Date 31/03/2020

The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help support the smooth functioning of financial markets, including the U.S. Treasury market, and thus maintain the supply of credit to U.S. households and businesses. The FIMA Repo Facility will allow FIMA account holders, which consist of central banks and other international monetary authorities with accounts at the Federal Reserve Bank of New York, to enter into repurchase agreements with the Federal Reserve. In these transactions, FIMA account holders temporarily exchange their U.S. Treasury securities held with the Federal Reserve for U.S. dollars, which can then be made available to institutions in their jurisdictions. This facility should help support the smooth functioning of the U.S. Treasury market by providing an alternative temporary source of U.S. dollars other than sales of securities in the open market. It should also serve, along with the U.S. dollar liquidity swap lines the Federal Reserve has established with other central banks, to help ease strains in global U.S. dollar funding markets.