News Centre

First Initial Access Document On BME Scaleup From REDEGAL

Date 17/10/2024

• The company, which comes from the Pre-Market Environment, is the twentieth company to register an Initial Access Document with BME so far this year

US Treasury Announces Enhanced Fraud Detection Processes, Including Machine Learning AI, Prevented And Recovered Over $4 Billion In Fiscal Year 2024

Date 17/10/2024

• Treasury’s Office of Payment Integrity Began Using Enhanced Processes, including Machine Learning AI, to Deal with Increased Fraud and Improper Payments Since the Pandemic

G7 Cyber Expert Group Recommends Action To Combat Financial Sector Risks From Quantum Computing

Date 17/10/2024

G7 Cyber Expert Group publishes guidance for the finance sector on planning for quantum computing.

Cboe Global Markets And S&P Dow Jones Indices Plan To Launch New Cboe S&P 500 Constituent Volatility Index (VIXEQ)

Date 17/10/2024

• The VIXEQ Index is a direct component in the calculation of the Cboe S&P 500 Dispersion Index
• New index aims to measure the market cap weighted 30-day implied volatility of a basket of S&P 500 constituent stocks
• Furthers Cboe's and S&P DJI's efforts to provide insight into market volatility and implied dispersion

ECB Monetary Policy Decisions

Date 17/10/2024

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission. The incoming information on inflation shows that the disinflationary process is well on track. The inflation outlook is also affected by recent downside surprises in indicators of economic activity. Meanwhile, financing conditions remain restrictive.

Borsa Istanbul: Periodic Review For The BIST Sustainability Themed Debt Securities Indices For The Period November 1, 2024 – January 31, 2025 Has Been Finalized

Date 17/10/2024

In accordance with the articles 3.1. and 3.2. of BIST Sustainability Themed Debt Securities Indices Methodology, periodic review for the BIST Green Corporate Eurobond Indices and BIST Sustainable Corporate Eurobond Indices for the period November 1, 2024 – January 31, 2025 has been finalized.

UK Financial Conduct Authority Welcomes Buy Now Pay Later Consultation

Date 17/10/2024

We welcome the government's consultationLink is external on the regulation of currently-exempt buy now pay later (BNPL) products. We have long called for these products to be brought into our remit. In 2021, the FCA board backed the Woolard Review recommendation that BNPL be brought into regulation.

Ten Years Of UK Financial Conduct Authority Innovation: Impact And Opportunity, Speech By Jessica Rusu, FCA Chief Data, Information And Intelligence Officer Delivered At An FCA Innovation 10th Anniversary Event

Date 17/10/2024

Highlights 

• We’re launching an AI Lab. The AI Lab adds a new AI-specific focus to our Innovation services.
• 10 years ago, we became the first financial regulator in the world to launch a regulatory sandbox. We are celebrating our impact as well as the UK’s leading global position in FinTech and innovation in financial services. 
• Since then, we have supported almost 1,000 firms and over 95 other regulators have introduced a sandbox model.

FSB Consults On A Common Format For The Reporting Of Operational Incidents

Date 17/10/2024

• FSB reveals its common Format for Incident Reporting Exchange (FIRE) that financial firms can use for the reporting of operational incidents, including cyber incidents.
• Effective incident reporting strengthens supervision and regulation, fostering transparency and accountability in financial institutions by ensuring regulators are promptly informed of significant operational issues.
• Reducing fragmentation in incident reporting is critical in a globalised financial system where incidents can have cross-border implications. FIRE aims to increase convergence and facilitate communication within and across jurisdictions.

Clearstream’s Digital Securities Platform D7 Reaches €10 Billion Milestone

Date 17/10/2024

• 15,000 digital issuances via D7 on a weekly basis
• D7 DLT is key contributor to ongoing ECB trials
• Clearstream calls for transitory solution after ECB trials