News Centre

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The June 15-16 FOMC Meeting

Date 16/06/2021

The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the June 15-16 meeting.

Projections (PDF) | Accessible Materials

Municipal CUSIP Request Volumes Climb For Fourth Straight Month - Corporate Volumes End Growth Streak

Date 16/06/2021

 CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for May 2021. 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 significant monthly increase in request volume for new municipal identifiers and a significant decline in request volume for new corporate identifiers.

Federal Reserve Announces The Extension Of Its Temporary U.S. Dollar Liquidity Swap Lines With Nine Central Banks Through December 31, 2021

Date 16/06/2021

The Federal Reserve on Wednesday announced the extension of its temporary U.S. dollar liquidity swap lines with nine central banks through December 31, 2021. These arrangements were first announced on March 19, 2020 to ease strains in global dollar funding markets resulting from the COVID-19 shock and to mitigate the effect of such strains on the supply of credit to households and businesses, both domestically and abroad. Extensions to the facility through March 2021 and later through September 2021 were announced on July 29, 2020 and December 16, 2020, respectively. A further extension of the temporary swap lines will help sustain improvements in global U.S. dollar funding markets by serving as an important liquidity backstop.

208 FTSE4Good Constituents At Risk Of Deletion After Implementation Of New Climate Performance Standards

Date 16/06/2021

• 208 companies, over 10% of the FTSE4Good All World have 12 months to improve climate performance or be deleted from FTSE4Good indexes
• FTSE Russell has utilised the Transition Pathway Initiative (TPI) Climate Change Scores to make the assessments
• Tougher Score requirements set for most carbon intensive industries

Smart Centres Index 3: Investment In Advanced Education And Innovation Clusters Generates Innovation Advantage

Date 16/06/2021

The Smart Centres Index (SCI 3) explores the ability of global commercial centres to be hubs for the development of new technology. In SCI 3 London retakes first place and New York returns to second place.

Bank For International Settlements And Nordic Central Banks Launch Innovation Hub Nordic Centre

Date 16/06/2021

• Bank for International Settlements and four Nordic central banks launch the BIS Innovation Hub Nordic Centre.
• Expansion marks the fifth BIS Innovation Hub Centre to be opened in the past two years.
• Nordic Centre to help advance Innovation Hub's work on priority themes.

Testimony Of US Secretary Of The Treasury Janet L. Yellen To The Committee On Finance, U.S. Senate

Date 16/06/2021

Chairman Wyden, Ranking Member Crapo, it’s a pleasure to be with you.

When I took office back in January, the first – and most urgent – problem confronting our economy was obviously the pandemic: helping people make it to the other side of the crisis and ensuring they were met there by a robust recovery. Thanks to this Congress – and its passage of the American Rescue Plan – I believe we are well on our way towards that goal.

The UK Financial Conduct Authority And The Bank Of England Encourage Market Participants In A Switch To SOFR In US Dollar Interest Rate Swap Markets From 26 July

Date 16/06/2021

Following close engagement with market participants, and to support the US-led ‘SOFR First’ initiative, the FCA and Bank of England support and encourage liquidity providers in the US dollar linear interest rate swaps market to adopt new trading conventions for interdealer trading based on SOFR instead of LIBOR from 26 July this year. This is to facilitate a shift in market liquidity towards SOFR, bringing benefits for a wide range of users as they move away from LIBOR.

BME Appoints Gloria Martínez-Picazo As The Spanish Stock Exchange’s Investor Ombudswoman

Date 16/06/2021

BME has appointed Gloria Martínez-Picazo as Investor Ombudswoman of the Madrid, Barcelona, Bilbao and Valencia stock exchanges. Martínez-Picazo is the first woman to hold this position since this figure was created, in 1991, whose aim is to inform and protect retail investors in the exercise of their rights, as well as arbitrating in the event of incidents that so require.

Nasdaq Announces Results from 2021 Annual Meeting of Shareholders, Ten Directors Re-elected, Nasdaq Board Re-elects Michael R. Splinter as Chairman of the Board

Date 16/06/2021

Nasdaq, Inc. (Nasdaq: NDAQ) shareholders elected all nominated directors at the company’s Annual Meeting of Shareholders on Tuesday, June 15, 2021. All directors will serve one-year terms.