News Centre

FSB Publishes Review Of TLAC Standard

Date 02/07/2019

The Financial Stability Board (FSB) today published a technical review  of the implementation of the Total Loss-Absorbing Capacity (TLAC) Standard for Global Systemically Important Banks (G-SIBs) in resolution. When fully implemented, the TLAC Standard will promote financial stability by providing confidence that G-SIBs have appropriate capacity to absorb losses and, if necessary, to achieve an orderly resolution and to maintain the continuity of critical functions.

Investor Activity On GPW Group Markets – June 2019

Date 02/07/2019

• Decrease of the value of trading in equities on the Electronic Order Book on the GPW Main Market by 4.7% YoY to PLN 16.0 billion in June 2019
• Increase in the average daily value of trading in equities on the Electronic Order Book on the GPW Main Market by 5.3% YoY to PLN 839.5 million in June 2019
• Decrease of the volume of trading in index futures by 29.0% YoY to 358.3 thousand contracts in June 2019
• Increase of the volume of trading in single-stock futures by 25.1% YoY to 126.5 thousand contracts in June 2019
• Decrease of the total volume of trading in electricity by 10.4% to 16.5 TWh in June 2019
• Increase of the total volume of trading in gas by 24.0% YoY to 12.4 TWh in June 2019
• Increase of the volume of spot transactions in property rights to certificates of origin of energy efficiency (“white certificates”) by 539.8% YoY to 108.3 ktoe in June 2019

Green Climate Fund Makes €87 Million Available To EBRD Green Cities

Date 02/07/2019

The EBRD and the Green Climate Fund (GCF) today signed an agreement releasing € 87 million of GCF funds to support the EBRD’s rapidly growing urban sustainability programme, EBRD Green Cities, as the first tranch of a €228 million facility. 

Moscow Exchange Trading Volumes In June 2019

Date 02/07/2019

Total trading volume across Moscow Exchange’s markets was RUB 66.1 trln in June 2019.

Six Months On For Bitcoin: Danny Scott, Co-Founder Of CoinCorner Comments

Date 02/07/2019

Danny Scott, co-founder of CoinCorner comments: “As we reach the half year point of Bitcoin’s price movements, the next 6 months of the year look very promising. After starting the year in the $3000s, Bitcoin's price has shown very strong and steady growth month after month, breaking the $10,000 barrier in June - an increase of over 300% since the start of the year."

EBA Basel Assessment Sees Impact Driven By Large Banks

Date 02/07/2019

The European Banking Authority (EBA) presented today, during a public hearing, the results of its Basel III implementation assessment, which includes a quantitative impact study (QIS) based on data from 189 EU banks, and a comprehensive set of policy recommendations in the area of credit and operational risk, output floor and securities financing transactions. This work, which responds to a Commission's call for advice, shows that the full implementation of Basel III in the EU, under the most conservative assumptions, increases the weighted average minimum capital requirement (MRC) by 24.4%, leading to an aggregate capital shortfall of EUR 135.1 bn. Importantly, the capital impact is almost entirely driven by large globally active banks. The impact on medium-sized banks is limited to 11.3% in terms of MRC, leading to a shortfall of EUR 0.9 bn, and on small banks to 5.5% MRC with a EUR 0.1 bn shortfall. The EBA will publish the full report by the end of July.

Moscow Exchange: Risk Parameters Change On Securities Market - PIK Group

Date 02/07/2019

CCP NCC is excluding PIKK shares from the list of assets that can be accepted as collateral on Securities market starting from July 10, 2019:

Sea Change - Speech By Mark Carney, Governor Of The Bank Of England, Given At The Local Government Association Annual Conference And Exhibition, Bournemouth.

Date 02/07/2019

In recent months, there has been a sea change in financial markets driven by growing concerns over the global economic outlook. In his speech, Mark Carney assesses these global developments before turning to what they may mean for the UK’s economic prospects.

ACER Finds Progress In ENTSOG’s Gas Network Development Plan; Further Improvements Needed

Date 02/07/2019

ACER has recently published its Opinion on the European Network of Transmission System Operators for Gas (ENTSOG)’s draft Ten-Year Network Development Plan (TYNDP) for 2018. The Agency welcomes the various improvements included in this Plan in comparison to previous editions, and finds that it contributes to the principles of non-discrimination, effective competition and secure functioning of the gas market.

Regulating Financial Innovation – Going Behind The Scenes, Speech By Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Delivered At The Cambridge Centre For Alternative Finance Annual Conference, Judge Business School

Date 02/07/2019

Highlights:

• The UK has led the rest of the world with developments like the regulatory Sandbox, we are very proud of what has been achieved through it.
• Early engagement is incredibly valuable for monitoring, supervisory and policy purposes. Working with innovative firms helps us achieve a better bird’s-eye view, enhancing our understanding when the overall landscape is blurry and ­changing quickly.
• 'Stablecoin' is a term that has been widely adopted by industry, but we do not take it to be a distinct category of cryptoassets. Something labelled as a 'stablecoin' could sit within or outside of our regulatory perimeter.