News Centre

BIS - Central Bank Digital Currencies: A New Tool In The Financial Inclusion Toolkit?

Date 12/04/2022

Central banks are considering how retail central bank digital currencies (CBDCs) may help support financial inclusion. While they are not a magic bullet, central banks see CBDC as a further tool to promote financial inclusion if this goal features prominently in the design from the get-go. In particular, central banks are considering design options around promoting innovation in the two-tiered financial system (eg allowing for novel non-bank payment service providers), offering a robust and low-cost public sector technological basis (with novel interfaces and offline payments), facilitating enrolment and education (via simplified due diligence and electronic know your customer) and fostering interoperability (both domestically and across borders). Together, these features can address a range of existing barriers to financial inclusion.

EBA Publishes Final Draft Technical Standards On The Risk Retention Requirements For Securitisations

Date 12/04/2022

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the requirements for originators, sponsors and original lenders related to risk retention as laid down in the Securitisation Regulation and as amended by the Capital Markets Recovery Package (CMRP). These RTS aim to provide clarity on the risk retention requirements ensuring a better alignment of interests and reducing the risk of moral hazard, thus contributing further to the development of a sound, safe and robust securitisation market in the EU.

Revised Lists Of The Broad Market Index, The Medium And Small Capitalization Index And The Consumer Sector Index Announced

Date 12/04/2022

n connection with the termination of trading in the depositary receipts of Lenta Ltd. (code: LNTA, ISIN: US52634T2006), and based on the recommendations of the Index Committee, from April 14, 2022, depositary receipts of Lenta Ltd. will be replaced by ordinary shares of MC PJSC Lenta (trade code: LENT, ISIN: RU000A102S15) in the Broad Market Index, the Medium and Small Capitalization Index and the Consumer Sector Index.

Sucden Financial Appoints Michael Bell To Expand Coffee Business

Date 12/04/2022

Sucden Financial, the global multi-asset execution, clearing and liquidity provider, has hired Michael Bell as a coffee broker to help further expand its soft commodities services.

UK Financial Conduct Authority, The UK Pensions Regulator And The UK Money And Pensions Service Joint Statement On P&O Defined Benefit Pension Schemes

Date 12/04/2022

Current and former employees of P&O are urged not to make any quick decisions about their pension following recent media reports.

Intercontinental Exchange And McLaren Racing Launch New Partnership With Amplified Focus On Sustainability And Diversity

Date 12/04/2022

• ICE will Become a Sponsor of McLaren’s Extreme E Team, the Innovative New Series Featuring All-Electric Off-Road Competition with Male and Female Drivers Behind the Wheel
• Using Data to Create a Competitive Advantage Underpins Partnership, Exemplified by McLaren CEO Zak Brown’s Participation in New ICE Marketing Campaign
• Event at NYSE on Tuesday Will Feature McLaren’s Extreme E Race Car, Press Conference with McLaren’s Zak Brown and ICE CMO Stephanie Dobbs Brown

Municipal CUSIP Request Volumes Surge In March - U.S. Corporate Debt Volumes Decline

Date 12/04/2022

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for March 2022. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly increase in request volume for new municipal identifiers, while requests for new corporate identifiers declined slightly on a monthly basis.

DTCC Building Industry's First Prototype To Support Digital U.S. Currency In The Clearing & Settlement Process As Part Of Digital Dollar Project Effort -“Project Lithium” Prototype Will Test The Ability Of U.S. Market Infrastructure To Support A Fed-Issued Central Bank Digital Currency Using A DLT Platform

Date 12/04/2022

As the U.S. government advances its analysis into the risks and benefits of a Central Bank Digital Currency (CBDC), The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the development of the first prototype to explore how a CBDC might operate in the U.S clearing and settlement infrastructure leveraging distributed ledger technology (DLT). The prototype, known as Project Lithium, will measure the benefits of a CBDC and inform the future design of the firm’s clearing and settlement offerings. It will also explore how a CBDC could enable atomic settlement, a conditional settlement that occurs if delivery and payment are both received at the same time.

Fiserv To Release First Quarter Earnings Results On April 27, 2022

Date 12/04/2022

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, will announce its first quarter financial results before the market opens on Wednesday, April 27, 2022.

ACER Publishes A Note On The Common Approach To Monitor The Capacity Available For Cross-Zonal Electricity Trade

Date 12/04/2022

The EU Agency for the Cooperation of Energy Regulators (ACER) and its National Regulatory Authorities (NRAs) publish today a practical note on how to monitor the capacity available for cross-zonal electricity trade in a harmonised way, in view of the minimum 70% target.