News Centre

EBA Calls On Financial Institutions To Ensure Compliance With Sanctions Against Russia Following The Invasion Of Ukraine And To Facilitate Access To Basic Payment Accounts For Refugees

Date 16/03/2022

The European Banking Authority (EBA) strongly condemns the recent developments that are taking a heavy toll on the Ukrainian state, society, and economy. Following the invasion of Ukraine, the Council of the EU has adopted restrictive measures against Russia and Belarus which require actions from the financial sector. The EBA is working with relevant authorities to ensure proper implementation by all financial institutions of these restrictive measures. As part of this, the EBA will collect and filter queries related to the scope of the restrictive measures as they apply to banks, and channel them to the EU Commission who will answer them. The EBA will continue to closely monitor and assess the situation to inform decisions and actions needed to mitigate short- and medium-term risks and stands ready to act under its competences.

ISDA And AFME Respond To ESMA Call For Evidence On ESG Ratings

Date 16/03/2022

On March 11, 2022, ISDA and the Association for Financial Markets in Europe submitted a joint response on the European Securities and Markets Authority’s (ESMA) call for evidence on environmental, social and governance (ESG) ratings. The associations highlight the importance of avoiding a fragmented approach to regulatory requirements on ESG ratings, noting a report by the International Organization of Securities Commissions on ESG ratings and data product providers should serve as a common baseline on the international level. In the response, the associations highlight that shortcomings on transparency of methodologies and data sources remains a key concern for users of ESG ratings, while regulatory requirements on ESG ratings should not cover ESG products, such as ESG index products.

BIS Papers No 122: The Monetary-Fiscal Policy Nexus In The Wake Of The Pandemic

Date 16/03/2022

The Covid-19 pandemic casts the interaction between fiscal and monetary policy in a new light. The sudden and sizeable pandemic-induced recession has made greater demands on both fiscal and monetary policy, triggering the need for closer domestic policy co-ordination, and has led to a greater use of central bank balance sheets. The near-term macroeconomic challenges will likely persist, with growth expected to remain subdued even if the inflation outlook is more diverse across jurisdictions.

Tehran Stock Exchange Weekly Market Review Ended On March 2022

Date 16/03/2022

Click here to download Tehran Stock Exchange's weekly market review.

MarketAxess Expands Data Intelligence Suite With Launch Of Tradable Index - Launch Of The MKTX U.S. Investment Grade 400 Corporate Bond Index

Date 16/03/2022

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced the launch of the MKTX U.S. Investment Grade 400 Corporate Bond Index (MKTX 400 Index). The launch of MarketAxess’ first tradable index underscores the company’s long-term commitment to creating innovative and actionable data solutions in the fixed income market.

NGX, IFC Partner To Build Capacity On Green Bonds Issuance

Date 16/03/2022

Nigerian Exchange Limited (“NGX” or “The Exchange”) in collaboration with International Finance Corporation (IFC) – a member of the World Bank Group – hosted a training for issuers and market operators on the issuance of sustainable financial instruments on 10th and 11th March 2022. The training themed ‘Deep Dive in Green, Social and Sustainability Bonds Issuance’, is sponsored by the Kingdom of Netherlands and HSBC, delivered by Climate Bonds Initiative (CBI), and is the second in a series of engagements aimed further socializing sustainable financial products, particularly green bonds in Nigeria.

UK Financial Conduct Authority To Consult On Use Of 'Side Pockets' For Retail Funds With Exposure To Sanctioned And Suspended Russian Assets

Date 16/03/2022

The FCA has begun discussions with stakeholders about options to allow UK authorised retail funds to make exceptional use of 'side pockets' given the significant practical challenges in disposing of Russian and Belarussian assets in the context of suspensions and extensive global sanctions.

ACER: Europe’s Energy Regulators Stand With Ukraine In Today’s Power Grid Synchronisation With Continental Europe

Date 16/03/2022

• Energy regulators offer support in the emergency situation in Ukraine, and today’s successful power grid synchronisation with Continental Europe
• Regulators work to ensure stability of the European energy system and in particular in the Member States adjacent to Ukraine

SEC Charges Texas School District And Its Former CFO With Fraud In $20 Million Bond Sale

Date 16/03/2022

The Securities and Exchange Commission today charged Crosby Independent School District (Crosby ISD) and its former Chief Financial Officer, Carla Merka, with misleading investors in the sale of $20 million of municipal bonds in order to pay its outstanding construction liabilities and fund new capital projects. The SEC also charged Crosby’s auditor, Shelby Lackey, with improper professional conduct in connection with the audit of the school district’s 2017 fiscal year financial statements.

Tehran Stock Exchange To Close For New Year Holidays

Date 16/03/2022

Tehran Stock Exchange (TSE) celebrates the Persian New Year (Nowruz) with the offices closing from 20 March 2022. We wish everyone good health and prosperity.