News Centre

IMF Staff Completes Discussions For An Additional US$68 Million Disbursement To Chad to Address The COVID-19 Pandemic

Date 13/07/2020

• IMF staff completes discussions for a second disbursement under the Rapid Credit Facility (RCF) to help Chad address the economic challenges posed by the COVID-19 pandemic.
• Chad’s economy has been severely impacted by the twin Covid-19 pandemic and terms of trade shocks.
• The additional resources under the RCF will help alleviate pressing financing needs, including for health, social protection, and supporting the most impacted sectors and vulnerable groups.

Nigerian Stock Exchange Hosts Good Cause Ambassador, Innocent ‘Tubaba’ Idibia, To Digital Closing Gong Ceremony

Date 13/07/2020

As entertainment becomes one of the leading elements of influence, especially amongst younger generations, the world is quickly recognizing and leveraging the arts to drive societal change. This was highlighted by the Chief Executive Officer, The Nigerian Stock Exchange (NSE or The Exchange), Oscar N. Onyema, OON during a digital Closing Gong ceremony in honour of Innocent ‘Tubaba’ Idibia, NSE Good Cause Ambassador on Monday, 13 July 2020.

FSB Welcomes CPMI Report On Enhancing Cross-Border Payments

Date 13/07/2020

The Financial Stability Board (FSB) today published a letter to the G20 from the FSB Chair, Randal K. Quarles, welcoming the report published today by the Committee on Payments and Market Infrastructures (CPMI), which sets out building blocks for a roadmap to enhance cross-border payments.

Cboe Futures Exchange To List Mini VIX Futures Beginning August 10

Date 13/07/2020

• Smaller contract at one-tenth the size of the standard VIX futures
• Designed to provide additional flexibility in volatility risk management and greater precision when allocating among smaller, managed accounts
• Aims to meet investor demand for expanded offerings tracking the Cboe Volatility Index

CFTC To Hold Open Commission Meetings On July 22 And 23

Date 13/07/2020

Commodity Futures Trading Commission Chairman Heath P. Tarbert today announced the CFTC will hold open meetings on July 22 and 23. The meetings will be held via conference call in accordance with the agency’s implementation of social distancing due to the COVID-19 (coronavirus) pandemic.

SIX Launches Fully Delegated SFTR Reporting For Swiss Repo Market

Date 13/07/2020

Complex reporting obligations resulting from the Securities Finance Transaction Regulation (SFTR) can be fully delegated to the Swiss Stock Exchange. With the Collateral Cockpit™, launched in 2019 by the Swiss Stock Exchange, manages the cumbersome process on behalf of financial institutions. The service offers scale benefits for resource strained organizations at a time when it will be most needed.

ESMA CCP Stress Tests Confirm The Resilience Of European CCPs

Date 13/07/2020

The European Association of CCP Clearing Houses (EACH) acknowledges the outcome of the ESMA EU-wide CCP Stress Test 20191, which has been made more comprehensive than the previous iteration of 2017 because of its extension to assess the impact of liquidation costs derived from clearing members and clients’ concentrated positions, in addition to credit and liquidity risks.

ESMA Issues Second Report On Sanctions Under MiFID II

Date 13/07/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has published today its second report on sanctions and measures imposed under the Markets in Financial Instruments Directive (MiFID II) by National Competent Authorities (NCAs)

Moderna, Inc. To Join The NASDAQ-100 Index Beginning July 20, 2020

Date 13/07/2020

Nasdaq (Nasdaq: NDAQ) today announced that Moderna, Inc. (Nasdaq: MRNA), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) and the NASDAQ-100 Ex-Tech Sector Index (Nasdaq: NDXX) prior to market open on Monday, July 20, 2020.  

EEX Butter Futures Achieve New Daily Record

Date 13/07/2020

On Friday, 10th July 2020, the European Energy Exchange (EEX) set a new daily trading record in Butter Futures with a total of 644 contracts traded. This corresponds to 3,220 tonnes of goods equivalent beating the previous record (433 contracts traded on 4th March 2020) by 1,055 tonnes.