News Centre

BIS: Bonds And Syndicated Loans During The Covid-19 Crisis: Decoupled Again?

Date 14/08/2020

Key takeaways

• Borrowing by non-financial firms in global debt markets surged following the Covid-19 shock. Bond issuance boomed, while syndicated loan originations trailed.
• Led by easier access to bond markets, large firms significantly increased their borrowing. The rest of the firms faced bottlenecks due to their reliance on a strained syndicated loan market and hurdles in switching to bond markets.
• Large firms, which had lower cash buffers pre-crisis than smaller firms, used part of the fresh credit to raise their buffers in addition to meeting liquidity shortfalls.

EBA Updates Its Work Programme For 2020 In Light Of The COVID-19 Pandemic

Date 14/08/2020

The European Banking Authority (EBA) published today its updated annual work programme for 2020 to reflect all the changes brought in by the COVID-19 pandemic to its activities.

ACER: New REMIT Quarterly Just Published

Date 14/08/2020

The 21st edition of the Agency’s REMIT Quarterly has been published on the REMIT Portal. Covering the second quarter of 2020, this edition provides an update on the Agency’s work and progress on data quality, and summarises the recent assessments of the completeness of REMIT data based on reported volumes.

MIAX Options - New Related Futures Cross (RFC) Order Type

Date 14/08/2020

MIAX Options will implement a new Related Futures Cross (“RFC”) order type.

UK Financial Conduct Authority: High Court Orders Illegal Pension Introducers Avacade, Alexandra Associates And Their Directors To Pay £10,715,000 Restitution To Consumers

Date 14/08/2020

The two companies and three individuals must pay restitution to members of the public who were induced to transfer their pensions into self-invested personal pensions (SIPPs).

ETFGI reports assets invested in ETFs and ETPs listed in US reach a record US$4.61 trillion at the end of July 2020

Date 14/08/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today assets invested in ETFs and ETPs listed in US reach a record US$4.61 trillion at the end of July.   ETFs and ETPs listed in US gained net inflows of US$37.19 billion during July, bringing year-to-date net inflows to US$226.27 billion which is much higher than the US$150.54 billion net inflows gathered at this point last year. Assets invested in the US ETFs/ETPs industry have increased by 6.2%, from US$4.34 trillion at the end of June, to US$4.61 trillion, according to ETFGI's July 2020 US ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Miami International Holdings And MGEX Announce Plan Of Merger - MGEX To Join MIAX Exchange Group

Date 14/08/2020

Miami International Holdings (MIH), the parent holding company of the MIAX Exchange Group, and the Minneapolis Grain Exchange (MGEX), a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today announced that they have entered into a definitive agreement and plan of merger under which MIH has agreed to acquire MGEX for a combination of cash and MIH common stock following a demutualization of MGEX by its members. As a result of the acquisition, MGEX will become a wholly owned subsidiary of MIH. MIH will continue to maintain the trading and clearing operations of MGEX, including its hard red spring wheat contract, while adding new futures products.

EIOPA Publishes Bi-Weekly Information For Relevant Risk Free Interest Rate Term Structures And Symmetric Adjustment To Equity Risk With Reference To 11 August 2020

Date 14/08/2020

Due to COVID-19 outbreak, European Insurance and Occupational Pensions Authority is carrying out extraordinary  calculations every two weeks to monitor the evolution of the relevant risk-free interest rate term structures (RFR) and the symmetric adjustment to equity risk (EDA). EIOPA is publishing this information in order to support insurance and reinsurance undertakings in the monitoring of their solvency and financial position. 

New Trading Participants At EEX In July 2020

Date 14/08/2020

In July 2020, EEX welcomed the following new members to its markets and additionally admitted members to further markets.

GPW Group’s Record-High Revenue In Q2 2020

Date 14/08/2020

• GPW Group’s revenue at PLN 101.1 million in Q2 2020
• EBITDA at PLN 63.2 million in Q2 2020
• Operating profit at PLN 54.1 million in Q2 2020
• Net profit at PLN 43.5 million in Q2 2020
• GPW’s Annual General Meeting approved a dividend payment of PLN 100.7 million (PLN 2,40 per share)