News Centre

EBA Publishes Final Revised Guidelines On Methods For Calculating Contributions To Deposit Guarantee Schemes

Date 21/02/2023

The European Banking Authority (EBA) today published its final revised Guidelines on deposit guarantee schemes (DGS) contributions. The revised Guidelines further strengthen the link between the riskiness of a credit institution and how much it needs to contribute to the DGS funds that will be used to reimburse depositors in case their bank fails.

Statement By IMF Managing Director Kristalina Georgieva At The Conclusion Of Her Visit To Ukraine

Date 21/02/2023

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of her visit to Ukraine:

Keynote Speech By Andrew Griffith MP, Economic Secretary To The Treasury, At The British Insurers’ Annual Conference

Date 21/02/2023

Thank you, Louise… good afternoon everyone.

I was with you for the inaugural ABI Climate Summit as the UK’s Net Zero Business Champion and it’s a pleasure to be back speaking to you again today as City Minister.

UK Financial Conduct Authority: Armchair Detective Investors Take Inspiration From Sherlock Holmes To Foil Investment Scams

Date 21/02/2023

New research from the Financial Conduct Authority (FCA) has found that a quarter (25%) of investors who avoided a scam are taking inspiration from Sherlock Holmes to stop scammers in their tracks. It comes as the FCA launches its latest ScamSmart campaign which provides investors with the tools to identify and avoid scams.

ISDA Response To ESMA’s Consultation On Draft ESG Fund Naming Guidelines

Date 21/02/2023

On February 20, 2023, ISDA responded to the European Securities and Markets Authority (ESMA) consultation on proposed guidelines on funds’ names using environmental, social and governance (ESG) or sustainability-related terms. In the response, ISDA highlights that a common cross-industry methodology for the calculation of the minimum proportions of sustainable investments for derivatives transactions is paramount to maintain ESMA’s goal of promoting standardized disclosures, and requests that ESMA gives the industry sufficient time to form a consensus on the calculation thresholds for derivatives.

Remarks By US Deputy Secretary Of The Treasury Wally Adeyemo On International Sanctions Against Russia

Date 21/02/2023

Thank you for joining me today. A little less than one year ago, Russia invaded Ukraine with the objective of unseating the democratically elected government. The Kremlin expected to take Kyiv within days and to be in control of Ukraine within weeks. But today, due to the bravery of the Ukrainian people and the support of the United States and our allies and partners, Kyiv still stands, Ukraine’s democratically elected government remains in place, and the people of Ukraine continue to valiantly resist Russia’s illegitimate war of aggression.

BIS: Overcoming Original Sin: Insights From A New Dataset

Date 21/02/2023

Emerging market sovereign bonds dataset used in this paper is available here. The compilation guide provides meta data by country and describes the main steps involved in constructing the holdings series.

CDM Showcase, February 21, 2023, Welcoming Remarks, Scott O’Malia, ISDA Chief Executive

Date 21/02/2023

Good morning, and welcome to this special event focused on the Common Domain Model (CDM). It’s great to see a full house here today, which is a testament to the strong interest we’ve seen from firms in understanding how the CDM can drive efficiencies and cut costs. I’d like to thank the International Capital Market Association (ICMA) and the International Securities Lending Association (ISLA) for partnering with us – not just on this event, but also on the development of the CDM.

FTSE UK Index Series – Indicative Quarterly Review Changes March 2023

Date 21/02/2023

FTSE Russell, the global index provider, advises of the following indicative changes to the FTSE 100 and FTSE 250, based on data as of Friday 17 February 2023.

SEC Charges The Church Of Jesus Christ Of Latter-Day Saints And Its Investment Management Company For Disclosure Failures And Misstated Filings

Date 21/02/2023

The Securities and Exchange Commission today announced charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church’s investments, for failing to file forms that would have disclosed the Church’s equity investments, and for instead filing forms for shell companies that obscured the Church’s portfolio and misstated Ensign Peak’s control over the Church’s investment decisions. The SEC also announced charges against the Church for causing these violations. To settle the charges, Ensign Peak agreed to pay a $4 million penalty and the Church agreed to pay a $1 million penalty.