News Centre

BIS: Financial Heterogeneity And Monetary Union

Date 04/07/2023

Summary

Focus

In March 2010, euro zone investors lost trust in the so-called periphery countries, precipitating a sharp pullback of private capital from the region. Although the periphery subsequently endured notable disinflation, a significant gap between the price levels in the core and periphery persisted during the ensuing crisis. As a result, real effective exchange rates in the periphery remained above those of the core countries, impeding the necessary economic adjustments.

Over 800 New Structured Certificates On GPW

Date 04/07/2023

• Raiffeisen Bank International A.G. has issued and introduced 832 new structured certificates to trading on GPW since 18 May 2023
• The new products include discount certificates as well as factor and turbo certificates
• All leverage certificates give investors a choice of leverage and type of position

Nasdaq Announces Semi-Annual Changes To The OMX Stockholm 30 Index

Date 04/07/2023

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Stockholm 30 Index, (OMX Stockholm: OMXS30), which will become effective at market open on Monday, July 3, 2023.

EEX Exchange Council Welcomes Expansion Of Products For The Nordic Power Markets

Date 04/07/2023

The Exchange Council of the European Energy Exchange (EEX) met for its second meeting this year on 28 June 2023, chaired by Dr. Bernhard Walter, Head of Market Design and Regulation at EnBW AG. The meeting focused on the introduction of new EEX products, in particular the Nordic zonal power futures, new natural gas futures and the merging of products in emission allowance trading, as well as the set-up of a new working committee on algorithmic trading.

UK Financial Conduct Authority Bans Paul Steel For Unsuitable Defined Benefit Transfer Advice With £850k To Be Paid In Redress

Date 04/07/2023

The FCA has banned Paul Steel of Estate Matters Financial Ltd (EMF) from working in financial services. 

ACER Consultation Is Open: Methodology For Electricity Intraday Capacity Calculation In The Core Region

Date 04/07/2023

In April, ACER received two proposals for amendments to the electricity intraday capacity calculation methodology in the Core region.

Liquidity Resilience Achievable For Any Market Scenario With Cassini Analytics

Date 04/07/2023

Internationally, increased volatility and market instability have driven liquidity risk to extremes, resulting in many companies seeing the cost of derivatives and margin exponentially increase and, in extreme cases, defaulting on their positions. In May this year, BCBS-CPMI-IOSCO published its report on margin impact on CCPs (centrally cleared commodities), finding that these are sensitive to the impact on margin calls, with some companies adjusting their stress testing approach accordingly. Cassini Systems (Cassini), the front-to-back margin analysis solution for derivative users, is announcing today that it has won the Best Analytics Solution category in this year’s WatersTechnology Asia awards.

Investor Activity On GPW Group Markets – June 2023

Date 04/07/2023

• GPW Main Market Electronic Order Book equities turnover value increased by 40.2% YoY to PLN 24.9 billion
• Index futures turnover volume increased by 22.9% YoY to 907,700 contracts
• ETF turnover value increased by 40.3% YoY to PLN 86.8 million
• Electricity turnover volume increased by 2.0% YoY to 13.0 TWh
• Natural gas turnover volume decreased by 30.1% YoY to 7.7 TWh

The World Federation Of Exchanges Opens Registration For Market Infrastructure Certificate Programme

Date 04/07/2023

The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, today opened registration for the new Market Infrastructure Certificate programme, the first and only one of its kind, which aims to educate the next generation of financial services leaders globally.

AllianceBernstein Expands Presence In The Middle East With New Office In Dubai International Financial Centre - Leading Global Investment Firm Secures DFSA Licence To Locally Service And Advise Clients

Date 04/07/2023

AllianceBernstein L.P. (AB), a leading global investment firm with nearly USD700 bn in assets under management, today announced that it has been granted a Category 4 Licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from Dubai International Financial Centre (DIFC). AB is the latest of an influx of global asset management firms to open regional offices in DIFC, the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region.