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BIS: Which Credit Gap Is Better At Predicting Financial Crises? A Comparison Of Univariate Filters

Date 12/08/2020

Summary

Focus

Early warning indicators for financial crises are important inputs for central bankers to guide macroprudential policies. One such indicator -the deviation of the credit-to-GDP ratio from a long-run trend, in short the credit-to-GDP gap - is very useful in this regard. Basel III therefore suggests that policymakers use it as part of their countercyclical capital buffer frameworks. However, several authors have critisised the technicalities to drive the trend and have suggested alternatives. We agree with these criticisms. Yet, in the absence of clear theoretical foundations, all proposed alternatives are but indicators. It is therefore an empirical question which measure performs best as an early warning indicator for crises - the question we address in this paper.

Iran's Parliament Eases Capital Increase - MPs Approved New Capital Increase Mechanism

Date 12/08/2020

The majority of Iran's Members of Parliament ratified the corporates' capital increase amendment bill on Wednesday 12 August 2020.

American Financial Exchange® AMERIBOR® Price Quotes Added To The Bloomberg Terminal Treasury And Money Markets (BTMM) Page

Date 12/08/2020

The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, announced that the overnight AMERIBOR® rate has been added to the Bloomberg terminal’s Treasury and Money Markets page (BTMM <GO>) to add to other funding and markets insights frequently referenced by users.

Nasdaq Private Market Reports $1.7 Billion In Transaction Value In First Six Months Of 2020 - 29 Private Company-Sponsored Transactions Completed Amid Pandemic-Related Market Slowdown

Date 12/08/2020

The Nasdaq Private Market, LLC, a leading provider of liquidity solutions for today’s private companies, has published its Mid-Year Private Company Report, which summarizes private company liquidity activity on the Nasdaq Private Market platform for the first six months of 2020. Nasdaq Private Market facilitated 29 private company-sponsored secondary transactions during the period, with total transaction value of $1.7 billion.

Bank Of England: Minutes Of The Standards Advisory Panel - June 2020

Date 12/08/2020

The latest meeting of the Standards Advisory Panel (SAP) was hosted by Pay.UK. in June.

Construction Company Floats Equities On Tehran Stock Exchange

Date 12/08/2020

A new company was listed on Tehran Stock Exchange: Behsaz Kashaneh Tehran went public on Wednesday, 12 August 2020.

Moscow Exchange: On Changes In Risk Parameters For Aeroflot Securities

Date 12/08/2020

MOEX would like to clarify that changing risk parameters is a standard risk management procedure applied by NCC. It relates to upcoming corporate event of the issuer.

Deutsche Börse Group: Business Indicators For July 2020

Date 12/08/2020

Please find attached a summary of Deutsche Börse Group's business indicators for July 2020.

Federal Reserve System Decides For Giesecke+Devrient To Develop Its Next Generation Of Currency Processing Equipment

Date 12/08/2020

The Federal Reserve System’s Cash Product Office (CPO) announced yesterday that it has awarded a contract to Giesecke+Devrient (G+D) to build the central bank’s next generation of high-speed currency processing equipment and associated software solutions.

Samba Financial Group Chooses Dubai International Financial Centre For International Operations

Date 12/08/2020

• First Saudi Arabian banking license launched in DIFC
• DIFC presence will help Samba Financial Group access the regional markets