News Centre

Bank Of England - Statement From Dave Ramsden: July 2021 Resolution Publications

Date 22/07/2021

Today the Bank is issuing two resolution publications.

EEX Sets New H1 Volume Record In Dry Freight

Date 22/07/2021

The European Energy Exchange (EEX) has set a new all time record in Dry Freight, achieving a 42% uplift in volume for the first half of 2021. In the period January to June 2021, a total volume of 598,300 lots were traded (H1 2020: 422,244 lots) which is the highest volume ever recorded in a 6 month period, since launching the business in 2016.

MOEX Launches The RTS Index Futures Contract (Mini)

Date 22/07/2021

On 27 July 2021 MOEX will start trading in RTS Index futures contract (mini) with a contract's volume ten times less than that of RTS Index futures contract. The contract will be traded under RTSM code.

Deutsche Cannabis AG: BaFin Imposes Administrative Fine

Date 22/07/2021

EEX Publishes Revised 2021 Auction Calendar And 2022 Auction Calendar For Emission Allowances

Date 22/07/2021

The European Energy Exchange (EEX) has published the revised 2021 calendar as well as the new 2022 auction calendar for the auctioning of EU emission allowances (EUA) in coordination with the European Commission, the EU member states and the EEA EFTA states which participate in the common auction platform (CAP3) as well as with the German and Polish competent authorities.

Banking Circle Chooses SIA To Launch Instant Payments Service In Europe - Thanks To The Network Infrastructure SIAnet, The New Bank Headquartered In Luxembourg Allows European Financial Institutions And Corporates To Transfer Money In Real Time Accessing Eurosystem’s TARGET Instant Payment Settlement Service

Date 22/07/2021

Banking Circle, the Payments Bank for the new economy, has selected SIA, a leading European hi-tech company in payment services and infrastructures, controlled by CDP Equity, to launch its new instant payments service in Europe connecting to the TARGET Instant Payment Settlement (TIPS) service of the Eurosystem.

BIS: Fiscal And Monetary Policy Interactions In A Low Interest Rate World

Date 22/07/2021

Summary

Focus

 Equilibrium real interest rates have declined significantly over recent decades. As a consequence, the zero lower bound (ZLB) on policy rates has become a more binding constraint for conventional monetary policy. This paper analyses the implications of the ZLB under low equilibrium interest rates for macroeconomic and public debt stability. It zooms in on the role of quantitative easing (QE) as a monetary policy instrument and on the interaction between fiscal rules and monetary policy in a low interest rate world.

EBA Found That Extensive Use Of Central Bank Facilities Drove Asset Encumbrance Ratios Up In 2020

Date 22/07/2021

• The encumbrance ratio went up from 25% in December 2019 to 27.8% by the end of 2020.
• More than half of central bank eligible assets and collateral are now encumbered.

C.R.E.A.M. Finance Becomes First DeFi Protocol To Support Euro-Pegged Tether (EURt) Tokens Amid Surge In Demand

Date 22/07/2021

C.R.E.A.M. Finance, a decentralized lending protocol, has today announced that it will be the first protocol in the decentralized finance (DeFi) space to offer a euro-backed stablecoin with the addition of Tether tokens pegged to the euro (EURt).

UK Financial Conduct Authority Charges Simon Day With One Offence Of Money Laundering

Date 22/07/2021

Following a joint investigation by the Financial Conduct Authority and City of London Police, the FCA has charged Simon Day with one offence of money laundering, contrary to Section 327(1) of the Proceeds of Crime Act.