News Centre

FIA April 2021 SEF Tracker

Date 19/05/2021

Trading volume on swap execution facilities reached $746.8 billion in average notional value per day during April 2021. This was 30.4% down from the previous month and down 9.3% from the same month, previous year.

Mario Cusson Is Appointed As Member Of The Autorité des Marchés Financiers Advisory Board

Date 19/05/2021

On May 11, 2021, the Minister of Finance of Québec, Eric Girard, appointed Mario Cusson to the Conseil consultatif de régie administrative (Advisory Board) of the Autorité des marchés financiers (AMF) to replace Yves Morency, a member who is leaving the Advisory Board after more than seven years of service.

Canadian Securities Regulators To Hold Upcoming Consultations On Broader Diversity In Corporate Leadership

Date 19/05/2021

The Canadian Securities Administrators (CSA) announced today further research and consultations with issuers, investors and other industry stakeholders on its consideration of broader diversity on boards and in executive officer positions. These consultations are set to begin in the late spring/summer of 2021.

American Financial Exchange® Announces the Addition Of AMERIBOR Term90® - New Forward-Looking AMERIBOR® Rate - A Milestone In The Transition From LIBOR

Date 19/05/2021

The American Financial Exchange (AFX), a transparent, rules-based and self-regulated electronic market for overnight and term unsecured lending among banks, financials and corporations, announced a new forward-looking 90-day AMERIBOR® rate called AMERIBOR Term90® This new rate is in addition to the AMERIBOR Term 30® rate launched in April, and to its suite of product offerings. 

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

Date 19/05/2021

As per the Securities market risk parameters methodology, on 19.05.2021, 21-18 (MSK) the lower bound of the price band (up to 4700) and initial margins (up to 17.5 %) for the security TJX-RM were changed. New values are available here

Minutes Of The Federal Open Market Committee, April 27-28, 2021

Date 19/05/2021

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 27–28, 2021.

SEC Charges Healthcare Company And Its Founder With Multimillion Dollar Fraud

Date 19/05/2021

The Securities and Exchange Commission today charged a New Jersey-based healthcare company and its founder with fraudulently raising nearly $4 million from over 130 investors nationwide through the sale of membership units in the company.

BIS: Monetary-Fiscal Crosswinds In The European Monetary Union

Date 19/05/2021

Summary

Focus

This paper studies the monetary-fiscal mix in the European Monetary Union. When economies are hit by large shocks, such as the Covid crisis, the pre-set fiscal rules in a monetary union could be a constraint and offset the conduct of accommodative monetary policy. In addition, a more active fiscal policy could be a powerful tool to stabilise economic conditions when short-term interest rates hit the zero lower bound. The paper develops an econometric framework to study the dynamics between primary deficits, yields and returns, the market value of the debt, and inflation, under different monetary policy scenarios.

ISDA Responds To ESAs On Taxonomy-Related Sustainability Disclosures

Date 19/05/2021

On May 12, 2021, ISDA responded to question four of a joint consultation paper by European Supervisory Authorities on taxonomy-related sustainability disclosures. ISDA recommends the inclusion of derivatives in the proposed key performance indicators (KPIs) for disclosing the extent to which investments are aligned with the taxonomy, but only where they are used to attain the environmental or social characteristics promoted by the financial product or the sustainable investment objective of the financial product. Additionally, ISDA suggests this approach should be applied consistently across all relevant calculation KPIs in respect of Non-Financial Reporting Directive entity reporting under article 8 of the Taxonomy Regulation, as differing interpretations could create investor confusion, result in fragmented outcomes and minimize the potential for evolution of risk management practices in the environmental, social and governance space going forward.

BIS: The Digitalisation Of Money

Date 19/05/2021

Summary

Focus

The ongoing digital revolution may lead to fundamental changes to the traditional model of monetary exchange. Digital currencies facilitate instantaneous peer-to-peer transfers in a way that was previously impossible. New currencies that transcend national borders could redefine how payments and user data interact. They could affect the nature of currency competition, the architecture of the international monetary system and the role of government-issued money.