News Centre

Deutsche Börse Successfully Places EUR 500 Million Hybrid Bond At An Attractive Coupon Of 2 Per Cent

Date 16/02/2022

Deutsche Börse AG has today successfully placed a corporate hybrid bond in an amount of EUR 500 million. The bond has a term of 26.25 years with a first optional call date after 6 years and a coupon of 2.00 per cent annually until June 2028.

BIS: Unequal Expenditure Switching: Evidence From Switzerland

Date 16/02/2022

Summary

Focus

How do import prices affect inequality via their varying effects on the cost of living? When the Swiss National Bank removed the Swiss franc's exchange rate against the euro in January 2015, a unique opportunity arose to test methods of measuring welfare changes in response to changes in import prices. The episode was unique because the policy change resulted in a large and unexpected surge in the domestic currency's value when the macroeconomic environment was otherwise stable. Further, full microeconomic data on prices were available, as well as information on consumer spending and the currency of invoicing at the border.

EEX Updates 2022 Auction Calendar For Emissions Auctions

Date 16/02/2022

The European Energy Exchange (EEX) updated the 2022 auction calendar. The change is due to a request of Bulgaria to auction additional volumes initially scheduled for free allocation for electricity generation under Art 10c of the EU ETS Directive. This results in an increase of the CAP3 EU EUA auction volume by 5.16 million EUA in total in the year 2022. The increase will become operative from 21 March 2022.

SEC: Rita Sampson Named Director Of Office Of Equal Employment Opportunity

Date 16/02/2022

The Securities and Exchange Commission today announced that Rita M. Sampson has been named Director of the agency’s Office of Equal Employment Opportunity (OEEO).  

BIS - Exorbitant Privilege? Quantitative Easing And The Bond Market Subsidy Of Prospective Fallen Angels

Date 16/02/2022

Summary

Focus

Massive issuance by BBB-rated firms has propelled growth of the US corporate bond market since the Great Financial Crisis. In this paper we investigate how quantitative easing (QE) boosted demand for BBB bonds and how it interacted with credit rating agencies' leniency to generate capital misallocation reminiscent of zombie lending.

Letter ‘The Importance Of Protecting The EU ETS From Damaging Interventions’

Date 16/02/2022

FESE together with other nine industry associations co-signed a letter urging the European Commission not to intervene in the ETS ahead of the publication of ESMA’s final report on the EU Carbon Market.

ESMA Proposes Reforms To Improve Resilience Of Money Market Funds

Date 16/02/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is issuing an Opinion containing proposed reforms to the regulatory framework for EU Money Market Funds (MMFs) under the Money Market Funds Regulation (MMFR). The proposals will improve the resilience of MMFs by addressing in particular liquidity issues and the threshold effects for constant net asset value (CNAV) MMFs.

Moscow Exchange: Risk Parameters Change For The Security GNRC-RM

Date 16/02/2022

As per the Securities market risk parameters methodology, on 16.02.2022, 18-06 (MSK) the upper bound of the price band (up to 24885) and initial margins (up to 32.5 %) for the security GNRC-RM were changed.

CanDeal And IHS Markit Partner To Set New Industry Standard For Canadian Fixed Income Price Accessibility

Date 16/02/2022

CanDeal, the leading provider of Canadian financial markets, data and information services, is integrating its proprietary market data into the IHS Markit platform providing a new level of fixed income pricing accessibility for the Canadian market. With the unparalleled accuracy of dealer-sourced pricing that CanDeal Data & Analytics (DNA) provides, this partnership will directly address one of the most pressing issues facing Canadian capital markets.

Nasdaq Private Fund Manager Diversity, Equity And Inclusion Data Now Available Free To Investors

Date 16/02/2022

Starting today, qualifying investors can receive free access to private fund manager diversity, equity and inclusion (DEI) data via the Nasdaq eVestment platform, a provider of institutional investment data and analytics to asset owners and asset managers.