News Centre

BIS: The Technology Of Decentralized Finance (DeFi)

Date 19/01/2023

Summary

Focus 

Decentralised finance (DeFi) builds on distributed ledger technologies (DLT) to offer services such as trading, lending and investing without using a traditional centralised intermediary. The fact that DeFi components can be programmed may open up new possibilities for more competitive financial markets, and could bring efficiency gains. However, DeFi introduces enormous technological and economic complexity that makes it increasingly difficult to assess the risks and potential of DeFi financial products. But financial institutions and regulators dealing with DeFi need just such a systematic evaluation of these factors.

The EBA Observed A Significant Increase In The Number Of High Earners Across EU Banks In 2021

Date 19/01/2023

The European Banking Authority (EBA) published today its Report on high earners for 2021. The analysis shows a significant increase of the number of individuals working for EU banks and investment firms who received a remuneration of more than EUR 1 million. This increase is linked to the overall good performance of institutions, in particular in the area of investment banking and trading and sales, continuing relocations of staff from the UK to the EU and a general increase in salaries.

US Secretary Of The Treasury Janet L. Yellen Sends Letter To Congressional Leadership On The Debt Limit

Date 19/01/2023

Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt limit.

Euronext Brussels Awards 2022

Date 19/01/2023

 Euronext Brussels awarded the best performing listed companies and market members during its New Year’s event.

Genesis Initiates Process To Achieve Global Resolution To Maximize Value For All Clients And Stakeholders And Strengthen Its Business For The Future

Date 19/01/2023

Genesis Global Holdco, LLC (“Genesis” “GGH” or the “company”), an industry pioneer and digital currency prime brokerage, today announced strategic actions to achieve a global resolution to maximize value for all clients and stakeholders and strengthen its business for the future.

EEX And q-bility Establish Strategic Partnership For GHG Quota Trading

Date 19/01/2023

The European Energy Exchange (EEX) and q-bility GmbH enter into a strategic partnership for trading in greenhouse gas reduction quotas (GHG quotas). Within the framework of this partnership, EEX will acquire 20% of shares in q-bility GmbH and expands its previous engagement as a technology provider for q-bility. The company q-bility was founded together with Enpulse, the venture builder for energy transition and sustainable infrastructure. In addition to EEX, Enpulse also has a stake in q-bility.

CoinShares Research Analysts Publish 2023 Outlook

Date 19/01/2023

2022 was a year of tightening monetary policy which initiated the unwinding of unrealistic valuations in the crypto world after a period of exuberance. Like in most bear markets, this then led to the unravelling of crypto malinvestment and the exposure of bad actors. These events have distracted investors from the key reasons why digital assets were created: to mitigate monetary debasement, decentralise computation and to protect from censorship. 2023 will be a year of coming back down to earth, with many tokens likely being shunned for larger, more viable ones.

Response To The Remit For The UK Prudential Regulation Committee - January 2023 - Letter From The Governor Of The Bank Of England To The UK Chancellor

Date 19/01/2023

Remit response letterOpens in a new window

ICE Launches ICE Digital Trade Documents To Digitize Paper-Based Post-Trade And Shipping Processes For The Energy Industry

Date 19/01/2023

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced the launch of ICE Digital Trade Documents (ICE DTD) for the energy industry, a highly configurable solution digitizing post-trade and shipping processes for physically delivered commodities including oil, gas and petrochemicals. The launch follows a series of successful trials conducted for shipments of refined products within Asia Pacific.

HKEX, Shanghai Stock Exchange And Shenzhen Stock Exchange: Update On The Expansion Of Eligible Stocks Under Stock Connect

Date 19/01/2023

With reference to the Exchange Circular (Ref: CT/162/22) dated 19 December 2022 on the Expansion of Eligible Stocks under Stock Connect (the Expansion), China Connect Exchange Participants (CCEPs) and Trade-through Exchange Participants (TTEPs) are requested to note that subject to regulatory approval: