News Centre

BIS Annual Economic Report 2022

Date 26/06/2022

There is no respite for the global economy. Two years ago, it was shaken by the onset of the pandemic, as an overwhelming health crisis turned into an overwhelming economic crisis. While the after-tremors of the pandemic still reverberate, two new shocks hit home in the year under review: the unexpected resurgence of inflation and the tragic war in Ukraine. Last year’s Annual Economic Report (AER) raised the prospect of a bumpy pandexit; bumps have turned out to be a one-two punch.

BIS Annual Report 2021/22

Date 26/06/2022

The Annual Report highlights the steps the BIS has taken to deliver on its Innovation BIS 2025 strategy and to respond to the challenges facing central banks: the effects of the Covid-19 pandemic, higher than expected inflation and the impact of the war in Ukraine.

Saudi Exchange Announces Its Intention To Launch The Single Stock Futures Contracts On The 4th Of July 2022

Date 26/06/2022

• Single Stock Futures (SSFs) is the second in a series of Derivatives products to be introduced in the Saudi Exchange
• 10 underlying stocks were selected for SSFs contracts based on certain criteria to ensure market interest and liquidity
• The launch of Single Stock Futures will enable the expansion of the Saudi Exchange’s Derivatives Market to include additional derivatives products.
• SSFs contracts will be cleared and settled by Muqassa in line with international best practices.
• SSFs contracts will be live on the 4th of July 2022

High Inflation Calls For Timely And Decisive Central Bank Action: BIS

Date 26/06/2022

• Timely and decisive action by central banks is needed to restore low and stable inflation while limiting the hit to growth and safeguarding financial stability.
• The risk of stagflation looms over the global economy as the threat of a new inflation era coincides with a weaker outlook for growth and elevated financial vulnerabilities.
• Policymakers must press ahead with reforms to support long-term growth and lay the groundwork for more normal fiscal and monetary policy settings.

The Saudi Exchange Company And The Securities Clearing Center Company (Muqassa) Announce The Approval Of The Amended Derivatives Exchange Trading And Membership Procedures And The Amended Clearing Procedures In Light Of Launching The Single Stock Futures Product

Date 26/06/2022

In reference to the Saudi Exchange announcement on the launch of the Single Stock Futures Product starting from 5\12\1443H corresponding to 4\7\2022G, The Saudi Exchange Company announces that its Board has issued its resolution number (14-2021) dated 6/10/2021G approving the following:

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Visit To Turkey

Date 25/06/2022

Deputy Secretary of the Treasury Wally Adeyemo traveled to Turkey on June 22-24 to engage the NATO Ally and partner on Turkish and regional economic issues, combatting terrorist financing, and Russia’s war against Ukraine. 

NGX Reaffirms Commitment To Build Innovative Structures Towards SMEs Funding

Date 25/06/2022

Nigerian Exchange Limited (NGX), has restated its determination to provide SMEs access to investors, seeking viable returns on investments. The Chief Executive Officer, NGX, Temi Popoola made this disclosure during his keynote address at the 2022 Annual Business Luncheon organised by the Capital Market Solicitors Association on Thursday, 23 June 2022, at Radisson Blu Hotel, Lagos.

BIS Announces Renminbi Liquidity Arrangement

Date 25/06/2022

• The Renminbi Liquidity Arrangement (RMBLA) will provide liquidity through a reserve pooling scheme to participating central banks from the Asia-Pacific region
• The RMBLA is a strong addition to existing BIS liquidity facilities

19th Consecutive Nasdaq Closing Cross Sets Record For Number Of Shares Traded During 2022 Russell US Indexes Reconstitution

Date 24/06/2022

Nasdaq, Inc. (Nasdaq: NDAQ) today announced the Nasdaq Closing Cross had a record day as it was used for the 19th consecutive year to rebalance Nasdaq-listed securities in the entire family of Russell US Indexes, part of leading global index provider FTSE Russell, during its annual reconstitution.

Treasury Statement Following IMF Article IV Consultation

Date 24/06/2022

Earlier today, Secretary of the Treasury Janet L. Yellen met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss this year’s Article IV consultation with the United States.  Secretary Yellen reiterated the importance of frank and thorough assessments of all IMF member economies through the annual surveillance process, especially as countries deal with the effects of Russia’s war against Ukraine and the COVID-19 pandemic.  They discussed the key economic priorities of the Biden Administration and outlook for the U.S. economy.  They also discussed the need to respond effectively to ongoing supply chain disruptions from the pandemic and Putin’s unjustified war of aggression.