News Centre

BIS: Redefining Insurance Supervision For The New Normal

Date 09/04/2021

Highlights

• Lessons learnt from the Covid-19 crisis will be critical to future-proof insurance supervision. Streamlined and agile supervisory processes backed by resilient digital infrastructure and closer engagement with insurers and other regulatory agencies will be critical to help insurance supervisors cope with future unexpected disruptions.
• Insurance supervision in the new normal will redefine the demarcation between on-site and off-site supervision, with elements of remote supervision becoming a mainstay to enable more efficient and effective supervisory oversight in the future. However, remote supervision cannot entirely replace on-site supervision, especially in assessing behavioural aspects of insurers.
• Proper support structures to ensure the ongoing health and wellbeing of supervisory teams will be critical to maintaining effective supervisory oversight in prolonged remote working environments.
• The pandemic accelerated the digitalisation of both insurance supervisory processes and the insurance business value chain. As the pace and scale of digital transformation continues to increase, so will cyber security and policyholder protection risks, which must be appropriately managed.
• Supervisors will need to apply a more holistic approach to technology investments in the future. Adoption of new supervisory technologies will need to be complemented with capacity building programmes that equip supervisors with new digital skill sets required to adapt to supervision in the new normal.

ESMA Publishes Interim Templates For STS Synthetic Securitisation Notifications

Date 09/04/2021

The European Securities and Markets Authority (ESMA), the EU’s securities and markets regulator, has published the interim simple, transparent and standardised (STS) notification templates for synthetic securitisations following amendments to the Securitisation Regulation (SECR).

Athens Stock Exchange: Main Market Stock Liquidity Class Assessment Results, Effective As Of April 12, 2021

Date 09/04/2021

Avelacom Wins Best Infrastructure Provider To The Sell Side

Date 09/04/2021

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, is delighted to announce that it has won this year’s “Best Infrastructure Provider to the Sell Side” award from WatersTechnology.

TMX Group Equity Financing Statistics – March 2021

Date 09/04/2021

TMX Group today announced its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for March 2021.

NSE Indices Fixed Income Index Dashboard For The Month Ended March 2021

Date 09/04/2021

Click here to download the ' Fixed Income Index Dashboard' for the month ended March 2021.  

Bitfinex Derivatives To Launch Tether Gold/bitcoin (XAUTF0:BTCF0) Perpetual Swap

Date 09/04/2021

Bitfinex Derivatives* offers a derivatives platform accessible through Bitfinex, a state-of-the-art digital token trading platform. Bitfinex Derivatives has today announced the launch of a perpetual contract for Tether Gold/bitcoin (XAUTF0:BTCF0).

Credit Benchmark Appoints Thomas Gilligan As Chief Commercial Officer

Date 09/04/2021

Credit Benchmark, the leader in consensus-based credit analytics, has announced the appointment of Thomas Gilligan as Chief Commercial Officer, effective immediately. Thomas will be based in Credit Benchmark’s New York office. He will lead the firm’s global commercial team and will be responsible for global go-to-market strategy and distribution channels.

Euronext Announces Volumes For March 2021

Date 09/04/2021

Euronext, the leading pan-European market infrastructure, today announced trading volumes for March 2021.

EEX Group Monthly Volumes - March 2021

Date 09/04/2021

Key achievements in March 

Power

• March 2021 marked a record month for the European power spot markets with a trading volume of 55.9 TWh (previous record: 55.8 TWh in December 2020). This new high was mostly driven by the increase in the Intraday Market (+14% to 10.4 TWh).
• The total trading volume on the European power derivatives market amounted to 380 TWh which is a decline of 29%. The y-o-y decline is mainly due to the strong volumes seen in March 2020 resulting from high levels of volatility as a result of the first Corona lockdown.
• The Nordic Power Futures continued its strong development. The volume increased by more than 6 times to 1.4 TWh (March 2020: 229.3 GWh).
• EEX Group’s global power offering also showed strong increases with 810 GWh traded on the Japanese derivatives market, which is the second highest volume since launch (record: 1,160 GWh in January 2021). Trading in US power derivatives, operated by Nodal Exchange, increased by 41% to a volume of 200.3 TWh (March 2020: 141.9 TWh).