News Centre

BIS: The Recent Distress In Corporate Bond Markets: Cues From ETFs

Date 14/04/2020

Key takeaways

• Amid widespread sell-offs in risky asset classes, corporate bond exchange-traded funds (ETFs) traded at steep discounts to underlying asset values in March.
• Contributing factors were high market volatility, reduced risk-taking by dealers and investors' reaction to policy decisions.
• Policy interventions that improve market functioning in a given sector can have temporary yet important spillovers to other segments through portfolio rebalancing by investors.

Cassini Systems Partners With AcadiaSoft To Help Clients Manage Initial Margin Requirements - Cassini Margin Analytics Platform Now Integrated Within AcadiaSoft's Initial Margin Exposure Manager

Date 14/04/2020

Cassini Systems<https://cassinisystems.com/>, the leading provider of pre- and post-trade margin analytics for derivatives market participants, announced today a new initial margin (IM) partnership with AcadiaSoft Inc.<https://www.acadiasoft.com/>, the leading industry provider of risk and collateral management services for the non-cleared derivatives community. Under the agreement, Cassini clients now have automated access to AcadiaSoft's reconciliation platform, Initial Margin Exposure Manager (IMEM), creating a one-stop shop for IM requirements across cleared and bilateral over-the-counter (OTC) and exchange-traded derivatives transactions.

FSB Chair Updates Finance Ministers And Central Bank Governors On COVID-19 Response

Date 14/04/2020

The Financial Stability Board (FSB) today published a letter from its Chair, Randal K. Quarles, to G20 Finance Ministers and Central Bank Governors ahead of their virtual meeting on 15 April.

IOSCO Steps Up Its Efforts To Address Issues Around Sustainability And Climate Change

Date 14/04/2020

The Board of the International Organization of Securities Commissions today published its report on Sustainable Finance and the Role of Securities Regulators and IOSCO, which seeks to help market participants address issues related to sustainability and climate change.

BIS: Volatility Spillovers And Capital Buffers Among The G-SIBs

Date 14/04/2020

Focus

The financial system is a public good, with banks at their heart. Shocks that hit one bank tend to spill over to other banks, and can cause a cascade of effects through to the whole economy. The more systemically important a bank is, the larger these spillovers are likely to be. More systemically important banks are therefore generally required to hold additional capital to reduce the overall riskiness of the banking system.

Europex General Assembly Elects Kari Ekelund Thørud As New Board Member

Date 14/04/2020

In a digital election last week, the Europex General Assembly elected Kari Ekelund Thørud, CEO at Nord Pool, as a new Europex Board Member. She succeeds Erling Thiis, formerly CFO at Nord Pool, who had resigned from his role as Europex Board member on 31 March 2020.

VALK Partners With Koine To Enable Payment And Cash Custody On Corda For Investment Banks, Asset And Fund Managers

Date 14/04/2020

VALK is pleased to announce a partnership with Koine, who provides a post-trade solution for digital assets and fiat that integrates with the blockchain software R3’s Corda technology to provide custody and settlement services on the VALK platform.

Financial Services Firms Spend $180.9 Billion On Financial Crime Compliance, According To LexisNexis Risk Solutions Global Study - Global Survey Of Financial Crime Compliance Professionals Points To United Kingdom, Germany And United States As Highest Spenders

Date 14/04/2020

Today, LexisNexis® Risk Solutions released its True Cost of Financial Crime Compliance Global Report, which provides global industry-driven insights for financial services firms across the Asia Pacific (APAC) region, Europe, the Middle East and Africa (EMEA), Latin America (LATAM) (including Mexico) and the U.S. and Canada. The report reveals that the projected total cost of financial crime compliance in these markets amounts to $180.9 billion.

OECD: Global FinancialMarkets Policy Responses To COVID-19

Date 14/04/2020

In early March 2020, the OECD’s Interim Economic Outlook highlighted that the coronavirus outbreak had already caused a sharp declinein economic growth in China, and subsequent outbreaks in other countries were eroding prospectsfor economic growth. Sincethat time, the increasing spread of the coronavirus across countries has prompted many governments to introduce unprecedented measures to contain the epidemic. While necessary to contain the virus, these measures have led to many businesses being shut down temporarily, widespread restrictions on travel and mobility, financial market turmoil, an erosion of confidence and heighted uncertainty.This approach suggests that the shutdowns could lead to sharp declines in the level of output in many economies, with consumers’ expenditure potentially dropping by around one-third. Changes of this magnitude would far outweigh the economic recessionduring the global financial crisis.

Emerging Payments Association Publishes New Guidance On Digital Identification And Authentication To Help Tackle Financial Crime - New Report Focuses On How The Payments Industry Can Keep Safe From Financial Threats

Date 14/04/2020

The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing payments companies, has today published new guidance on digital identification and authentication to help combat financial crime.