News Centre

BIS: Indebted Demand

Date 19/10/2021

Focus

Rising debt and falling interest rates have characterised advanced economies over the past 40 years. The average real interest rate dropped from 6% in 1980 to less than zero in 2019. Meanwhile, the average debt to GDP ratio almost doubled from 139% in 1980 to over 270% in 2019. The economic fallout of the Covid-19 health crisis is likely to accelerate these patterns going forward, as governments pursue aggressive debt-financed stimulus policies. The objective of this paper is to understand how the twin phenomena of high debt and low interest rates came to be.

Enhancing Equity Market Competition, SEC Commissioner Elad L. Roisman, Oct. 15, 2021

Date 19/10/2021

Thank you, Rich [Repetto] for that kind introduction.  Before I begin, let me give my standard disclaimer that the views I express today are my own and do not represent those of the Commission or my fellow Commissioners.

Bank Of England Launches First Public CCP Supervisory Stress Test

Date 19/10/2021

The Bank of England (the Bank) has today launched its first public supervisory stress test (SST) of UK central counterparties (CCPs).

Drawbridge Names Thomas Fallucco Chief Revenue Officer - Senior Business Development Professional Joins Drawbridge To Drive Continued Global Growth

Date 19/10/2021

Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced the appointment of Thomas Fallucco as Chief Revenue Officer (CRO). Fallucco will be responsible for driving continued growth while expanding a global footprint through international business and enhancing client relationships and service.

Identity Fraud: BaFin Investigates LBB Private Bank/LLB AG Private

Date 19/10/2021

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that LBB Private Bank/LLB AG Private Berlin/Luxemburg has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not subject to BaFin’s supervision.

FlexNOW Empowers Coronation For Global Equity And Derivatives Trading

Date 19/10/2021

FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, today announced Cape Town-based investment firm, Coronation, has adopted FlexNOW EMS as a flexible and cost-efficient platform to support its current and future workflow requirements.

Chainalysis And NYDIG Deepen Partnership, = Chainalysis Adds Bitcoin To Its Balance Sheet

Date 19/10/2021

Chainalysis, the blockchain data platform, today announced it is  expanding its long-standing partnership with NYDIG, a leading technology and financial services firm, to execute a purchase of Bitcoin for the firm’s balance sheet. NYDIG played a critical role in enabling Chainalysis to buy and custody Bitcoin, a move that demonstrates Chainalysis’ long-term investment strategy  in the cryptocurrency space. Chainalysis has been NYDIG’s compliance technology partner since 2018.

Moscow Exchange: Risk Parameters For RENI Shares

Date 19/10/2021

CCP NCC will set the following risk parameters for RENI shares on Securities market starting from October 20, 2021:

Valley Bank Drives Open Banking Strategy With Fiserv - Valley Bank Will Deliver An Integrated Deposit And Consumer Lending Experience By Leveraging Best-In-Class Open Banking Technology Enabled By Expanded Fiserv Partnership

Date 19/10/2021

Valley Bank has selected Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions to enable the growth of its existing business lines and expansion to additional verticals and offerings.

ICE Mortgage Technology’s Solutions For Correspondent And Wholesale Demonstrate Significant ROI In Third Party Origination Channels - Study Quantifies Value Of Encompass® And Encompass TPO Connect® Portal For Correspondent And Wholesale Lenders

Date 19/10/2021

ICE Mortgage TechnologyTM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced the results of a recent, independent return on investment (ROI) study that shows Encompass® and Encompass TPO Connect® deliver quantifiable results and value to correspondent and wholesale lenders who acquire third party originated loans using ICE Mortgage Technology solutions. Built on the ICE Mortgage Technology™ Platform, Encompass TPO Connect is a fully configurable web-based portal that allows wholesale and correspondent lenders to easily collaborate with their third-party originators (TPOs). Encompass, coupled with Encompass TPO Connect, demonstrates the efficiency and ease customers experience in acquiring and managing loans from correspondent lenders and wholesale brokers for faster results, maximum quality, compliance, and profitability on every loan.