News Centre

Joint Financial Services Trade Associations Comment On Debt Ceiling Agreement

Date 30/05/2023

The American Bankers Association (ABA), Bank Policy Institute (BPI), Consumer Bankers Association (CBA), Financial Services Forum (FSF), International Swaps and Derivatives Association (ISDA), Investment Company Institute (ICI), Managed Funds Association (MFA) and the Securities Industry and Financial Markets Association (SIFMA), a group of trade associations representing broker dealers, banks, asset managers and related financial institutions of all sizes, today issued the following statement on the agreement to raise the federal debt ceiling:

CFTC’s Division Of Clearing And Risk Issues Staff Advisory On The Risks Associated With Expansion Of Derivatives Clearing Organization Clearing Of Digital Assets

Date 30/05/2023

Today, the Commodity Futures Trading Commission Division of Clearing and Risk (DCR) issued a staff advisory on the risks associated with the expansion of Derivatives Clearing Organization (DCO) clearing of digital assets. In the past several years, DCR has observed increased interest by DCOs and DCO applicants in expanding the types of products cleared and business lines, clearing models, and services DCOs offer, including related to digital assets.

NGX ASI, Eurobonds Rally Amid Subsidy Removal, Market Cap Hits N3tn

Date 30/05/2023

The All-Share Index of Nigerian Exchange Limited surged by 5.32 percent at the end of trading on Tuesday following the removal of subsidy by the newly inaugurated president of Nigeria, Bola Ahmed Tinubu.

BOX Options Market: Notice 2023-139 QCC Rebate Changes

Date 30/05/2023

Effective June 1, 2023, BOX Options Market LLC (“BOX”) is amending the QCC Rebate structure in Section IV.D.1.a and the QCC Growth Rebate in Section IV.D.1.b of the BOX Fee Schedule. Please also see June 1 Fee Changes, Notice 2023-133, for additional fee changes effective June 1, 2023.

BIS: MPC Heterogeneity And The Dynamic Response Of Consumption To Monetary Policy

Date 30/05/2023

Summary

Focus

We study how household financial choices affect the impact of monetary policy on consumption. We use household-level survey data from Germany, France, Italy and Spain to estimate a model of how households allocate their income between savings (in risky and risk-free assets) and consumption. From our model, we derive marginal propensities to consume (MPCs), ie how much a household consumes out of an extra euro received. We use these MPCs to quantify the effect of a change in interest rates on consumption for each household.

Bank For International Settlements' Committee On Payments And Market Infrastructures Invites Market Participants To Join A Panel Of Experts To Promote The Harmonisation Of API Protocols For Use In Cross-Border Payments

Date 30/05/2023

• CPMI establishes experts panel on the harmonisation of application programming interface (API) protocols to contribute to the G20 cross-border payments programme.
• The panel will evaluate proposals for API standards in cross-border payment information exchange, develop recommendations for greater harmonisation of APIs and develop a longer-term global governance proposal and process.
• CPMI invites nominations for the panel from interested central banks, financial infrastructures, bank and non-bank payment service providers and industry associations.

Moscow Exchange Trading Schedule In June 2023

Date 30/05/2023

Moscow Exchange announces the trading schedule for its markets in June 2023.

MIAX Exchange Group - Options Markets - Added Support For MEMX Options On MIAX Options Exchanges

Date 30/05/2023

The MIAX Options Exchanges Interface specifications have been updated to add support for MEMX Options.

Revised Lists Of The Moscow Exchange Indices Announced

Date 30/05/2023

Today Moscow Exchange announced the results of the quarterly review for MOEX indices. All changes were made upon recommendations from the Index Committee and will be implemented from 16 June 2023. The Exchange has also set free floats and additional weighting factor for several companies.

BSX Announces Collaboration With The Bermuda Business Development Agency And The Bermuda Tourism Authority For The WFE General Assembly

Date 30/05/2023

The Bermuda Stock Exchange (BSX), a wholly owned subsidiary of Miami International Holdings, Inc., announced today its collaboration with the Bermuda Business Development Agency (BDA) and the Bermuda Tourism Authority (BTA) in welcoming The World Federation of Exchanges (WFE) 62nd General Assembly and Annual Meeting in Hamilton Bermuda from 19–21 September 2023.