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U.S. Treasury Awards $1.25 Billion To CDFIs To Support Economic Relief In Underserved Communities Affected By COVID-19 - Announcement Made By Vice President Harris Alongside Treasury Secretary Janet Yellen, U.S. Senator Mark Warner, And U.S. Representative Maxine Waters

Date 15/06/2021

The U.S. Department of the Treasury today awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs). The awards were announced today by Vice President Kamala Harris at the White House with Treasury Secretary Janet L. Yellen. The grants will be made through Treasury’s CDFI Rapid Response Program (CDFI RRP) and will provide necessary capital for CDFIs to respond to economic challenges created by the COVID-19 pandemic, particularly in underserved communities.

Cboe To Extend Global Trading Hours For VIX And SPX Options To Nearly 24 Hours, Beginning November 21, 2021

Date 15/06/2021

• Aims to meet growing customer demand for SPX, VIX options to hedge and manage exposure to broad U.S. equity market and global equity volatility
• Move to extend global trading hours expected to complement upcoming planned launch of Cboe Europe Derivatives and the planned acquisition of Chi-X Asia Pacific
• New curb session planned to go live on September 27, 2021

Amazon Payment Services Launches Amazon Fintech Lab To Foster Innovation In Payment Services At Dubai’s DIFC Innovation Hub

Date 15/06/2021

• The Amazon Fintech Lab is a hub for digital innovation and creativity based in the heart of Dubai International Financial Centre
• Amazon Payment Services is working with innovators, start-ups and partners at Amazon Fintech Lab to support new programs, ideas and advance knowledge on the digital payments and fintech sectors worldwide

Moscow Exchange: REPO Risk Parameters Change For The Security PHOR - Update

Date 15/06/2021

As per the Securities market risk parameters methodology, on 15.06.2021, 17-50 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -121.43 %), penalty rate and IR Risk Rate (up to -18.74 rub) for the security PHOR were changed. New values are available here

Sustainable Funds More Than Doubled In Last Three Years Signalling A Greener Europe – Study By Morningstar, ZEB And ALFI

Date 15/06/2021

• Sustainable fund products attracted 52% of all net new flows in 2020, and reflected 11% of total net assets domiciled in Europe at the end of 2020;
• Luxembourg was highlighted as the leading domicile, with sustainable funds accounting for EUR 371 billion by the end of 2020 and capturing 44% of total net flows made across all European domiciles in 2020 ; 
• Equity remains the top asset class of sustainable funds across all European domiciles amounting for more than 60% of sustainable assets managed by funds. Inflows into impact funds are also rising at the expense of less ambitious sustainable strategies;
• Passive investments also rose in the period, constituting 21% of the net assets in the European sustainable fund universe by the end of 2020; 
• Share of sustainable assets in UCITS and regulated open-end AIFs has risen significantly since 2018, accounting for 11% and 9% of total assets in each sub-segment respectively;
• Sustainable funds market continued to be dominated by a few large asset managers, with more than 50% of net assets in sustainable funds in Europe launched by the top 20 providers. 

European Associations Launch European Retirement Week

Date 15/06/2021

A group of nine European associations has announced the launch of European Retirement Week, which will take place during the week of 29 November 2021. The goal of this initiative is to provide a platform for a wide range of stakeholders to debate the future of pensions in Europe and to raise citizens’ awareness of the need to save for retirement.

Moscow Exchange: REPO Risk Parameters Change For The Security PHOR

Date 15/06/2021

As per the Securities market risk parameters methodology, on 15.06.2021, 17-38 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -99.53 %), penalty rate and IR Risk Rate (up to -15.38 rub) for the security PHOR were changed. New values are available here

Baumont Group LTD/24news.trade Trading Platform: BaFin Prohibits Unauthorised Portfolio Management

Date 15/06/2021

In a notice dated 25 May 2021, BaFin ordered Baumont Group LTD, Saint Vincent and the Grenadines, as the operator of the 24news.trade trading platform, to immediately cease its unauthorised portfolio management activities.

New York Racing Association Expands Use Of Alessa For AML - Leading Thoroughbred Racing Organization And Gaming Facility Uses AML Compliance Solution By Tier1 Financial Solutions For Sanctions Screening, Transaction Monitoring And Regulatory Reporting.

Date 15/06/2021

Tier1 Financial Solutions, a leading provider of client relationship management, compliance, and fraud prevention solutions, has announced that The New York Racing Association, Inc. (“NYRA”) has expanded its contract with Alessa to help enhance its compliance and anti-money laundering (AML) capabilities under the Bank Secrecy Act (BSA).

World Bank, IMF Launch High-Level Advisory Group On Sustainable And Inclusive Recovery And Growth

Date 15/06/2021

In the face of two crises—COVID-19 and climate change—the World Bank Group and International Monetary Fund launched a High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth today to help secure a strong recovery and set a path for green, resilient, and inclusive development over the coming decade.