News Centre

BIS: "Front-Loading" Monetary Tightening: Pros And Cons

Date 09/12/2022

Key takeaways

• In response to the surge in inflation globally, central banks have engaged in the most synchronised and rapid monetary tightening in 50 years.
• Parsing the evidence from 11 advanced economies since 1970 indicates that "front-loading" of interest rate hikes is successful in countering inflation, even in the face of large and persistent inflationary shocks.
• Still, front-loaded monetary policy tightening may carry risks to financial stability, especially in an environment of high private and public debt levels or potential fragility in market liquidity.

BOX Options Market: Display Counterpart Executing Firm ID In SAIL And FIX Protocol

Date 09/12/2022

BOX Options Market LLC (“BOX”) is making the following changes to the SAIL and FIX Protocols:

EBA Risk Assessment Warns About The Impact Of A Deteriorating Macroeconomic Environment

Date 09/12/2022

• While bank profitability has improved, it remains uncertain how it will evolve amid lower GDP growth and rising interest rates.
• Bank capital and liquidity ratios remain high but have declined slightly year on year. The average common equity tier 1 (CET1) ratio has reached 15.0% while the liquidity coverage ratio (LCR) 165.1%.
• Despite low non-performing loans (NPL) volumes, banks classify 9.5% of loans in stage 2, the highest level since 2018 when reporting was initiated.
• Credit spreads have widened for bank debt instruments.
• ICT-related risks remain high.

Nasdaq Announces Semi-Annual Changes To The OMX Copenhagen 25 Index

Date 09/12/2022

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Copenhagen 25 Index (Nasdaq Copenhagen: OMXC25), which will become effective at market open on Monday, December 19, 2022.

Nigerian Exchange Market Report For December 9th, 2022

Date 09/12/2022

A total turnover of 1.225 billion shares worth N15.243 billion in 15,317 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 839.978 million shares valued at N12.418 billion that exchanged hands last week in 16,183 deals.

BIS - Pricing Of Climate Risks In Financial Markets: A Summary Of The Literature

Date 09/12/2022

This paper summarises the academic literature on the financial market pricing of physical and transition risks related to climate change.

Nasdaq Announces End Of Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date November 30, 2022

Date 09/12/2022

At the end of the settlement date of November 30, 2022, short interest in 3,471 Nasdaq Global Market^SM securities totaled 10,154,992,155 shares compared with 10,346,655,385 shares in 3,471 Global Market issues reported for the prior settlement date of November 15, 2022. The end of November short interest represents 3.21 days average daily Nasdaq Global Market share volume for the reporting period, compared with 2.47 days for the prior reporting period.

Statement By IMF Managing Director Kristalina Georgieva On The Seventh “1+6” Roundtable In China

Date 09/12/2022

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of the Seventh “1+6” Roundtable convened in the province of Anhui by the Chinese authorities:

Municipal CUSIP Request Volumes Increase For Second Straight Month In November - Short-Term CD Volume Growth Rate Slows

Date 09/12/2022

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for November 2022. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly increase in request volume for new municipal identifiers, while volumes slowed for corporate securities.

The FSB Endorses An Improved Framework For The Assessment And Mitigation Of Systemic Risk In The Insurance Sector And Discontinues Annual Identification Of Global Systemically Important Insurers (G-SIIs)

Date 09/12/2022

The Financial Stability Board (FSB) today issued the following public communication.