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ISDA ESG Forum 2022, November 21, 2022, Opening Remarks, Scott O’Malia, ISDA Chief Executive

Date 21/11/2022

Good morning, and welcome to the ISDA ESG Forum. Thank you for joining us today, and special thanks to our sponsors – CME Group, Allen & Overy, Clifford Chance, Linklaters and Santander. It’s encouraging to see such strong interest in environmental, social and governance (ESG) issues and the important role derivatives can play in the transition to a green economy.

ISDA: The Way Forward For Sustainability-Linked Derivatives

Date 21/11/2022

With the growth of sustainable investing, there is emerging demand for derivatives products that are linked to environmental, social and governance (ESG) goals. Although a nascent market, these products – sustainability-linked derivatives (SLDs) – have the potential to contribute to the green transition.

Markets Dip Lower As FTX Contagion Spreads - Kaiko: Data Debrief

Date 21/11/2022

• Price Movements: DEX tokens have been least impacted by the market collapse while L1 tokens have been the worst performers, led by SOL.
• Market Liquidity: Uniswap v3 recorded one of its highest volume days ever, although both CEX and DEX volumes have since tumbled.
• Derivatives: Binance and Bybit captured FTX's market share of perpetual futures since the exchange collapsed.
• Macro Trends: The GBTC discount hit a record low of 45% as fear mounts over parent company Digital Currency Group's solvency.

Remarks At Securities Enforcement Forum, Gurbir S. Grewal, SEC Director, Division Of Enforcement, Washington D.C., Nov. 15, 2022

Date 21/11/2022

Good afternoon everyone. Thank you to Bruce Carton for the invitation to speak today and for the very kind introduction. I spoke at the Securities Enforcement Forum West in California back in May of this year, and it is a real pleasure to be back with you here today, a little closer to home.

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

Date 21/11/2022

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Stockholm Benchmark Index, (Nasdaq Stockholm: OMXSB), which will become effective at market open on Thursday, December 1, 2022.

Nasdaq Announces Semi-Annual Changes To The OMX Helsinki Benchmark Index

Date 21/11/2022

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Helsinki Benchmark Index, (Nasdaq Helsinki: OMXHB), which will become effective at market open on Thursday, December 1, 2022.

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

Date 21/11/2022

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Copenhagen Benchmark Index, (Nasdaq Copenhagen: OMXCB), which will become effective at market open on Thursday, December 1, 2022.

BIS Board Appoints Chair Of The Consultative Council For The Americas

Date 21/11/2022

• Roberto Campos Neto, Governor of the Central Bank of Brazil, appointed as Chair of the Consultative Council for the Americas
• Mr Campos Neto's two-year term starts in January 2023
• The Consultative Council for the Americas comprises the Governors of the eight BIS member central banks in the Americas

IMF Managing Director Kristalina Georgieva Congratulates Ilan Goldfajn On His Appointment As President Of The Inter-American Development Bank (IDB)

Date 21/11/2022

International Monetary Fund (IMF) Managing Director Kristalina Georgieva congratulated Ilan Goldfajn on his appointment as President of the Inter-American Development Bank.

BIS: Systemic Risk In Markets With Multiple Central Counterparties

Date 21/11/2022

Summary

Focus 

Central clearing has become a key feature of global derivatives markets following the Great Financial Crisis, altering the shape of financial networks. In centrally cleared markets, a central counterparty (CCP) sits at the centre, becoming the buyer to every seller and the seller to every buyer. In practice, however, derivatives clearing is characterised not by a single CCP, but by a small set of them. Importantly, a limited number of large banks link these CCPs together, representing the joint clearing membership that together accounts for the lion's share of clearing volumes.