News Centre

Full Employment In The New Monetary Policy Framework, Federal Reserve Governor Lael Brainard, At The Inaugural Mike Mccracken Lecture On Full Employment Sponsored By The Canadian Association For Business Economics (Via Webcast)

Date 13/01/2021

I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan. It is a pleasure to be here with Carolyn Wilkins.

IMF Executive Board Approves A SDR 258.4 Million Disbursement Under The Rapid Credit Facility And Purchase Under The Rapid Financing Instrument To Myanmar To Address The COVID-19 Pandemic

Date 13/01/2021

• Myanmar’s economy has been hit hard by the second wave of the COVID-19 pandemic, which has inflicted large economic and social costs and strained the nation’s healthcare system.
• To address Myanmar’s urgent balance-of-payments needs, the IMF has approved the second emergency financial assistance equivalent to about US$350 million under the Rapid Credit Facility (RCF) and the Rapid Financing Instrument (RFI).
• The IMF assistance will aid Myanmar’s COVID-19 policy measures aimed at minimizing the pandemic’s economic and social impact while supporting the vulnerable.

CFTC Approves NFA’s Swap Dealer Capital Model Review Program

Date 13/01/2021

The Commodity Futures Trading Commission’s Market Participants Division through delegated authority has determined the National Futures Association’s (NFA) swap dealer capital model requirements and review program are comparable with the CFTC’s swap dealer capital model requirements and review program. Accordingly, a capital model approved by the NFA will be accepted as an alternative means of compliance with CFTC Regulation 23.102. 

Bitcoin Price Drop - Expert Comment From Ziglu

Date 13/01/2021

Commenting on the 20 percent drop in Bitcoin value, Yang Li, chief growth officer for Ziglu the personal money app, said: "We have been in such a phenomenal bull run with all-time high after all-time high and people are pulling back a bit to reap some of their profits, selling some of their Bitcoin, which drove the price down. As a long term investment I think this price dip is a very positive sign because it is maturing as an asset class. If you were buying gold or FTSE 100 stock, for example, you would sell some of your upside to cover your original investment.

EU-UK Future Relations: MEPs To Debate The Agreement Reached On 24 December

Date 13/01/2021

Members on the Foreign Affairs and International Trade Committees will debate the new EU-UK Trade and Cooperation Agreement on Thursday at 10.00 CET.

BIS - Sovereign Credit And Exchange Rate Risks: Evidence From Asia-Pacific Local Currency Bonds

Date 13/01/2021

Summary

Focus

We study the dynamic properties of sovereign bonds in emerging market economies and their associated risk premiums. We focus on the interaction between credit and currency risks, ie the Twin Ds, reflected in local currency bonds issued by sovereigns in Asia-Pacific (AP).

CISI: Only 20% Of UK Financial Services Professionals Are Confident Their Firms Are Committed To Ethical Finance And ESG

Date 13/01/2021

Only 20% of those working in the UK financial services profession are confident that their firms are committed to ethical finance policies and ESG principles when it comes to their lending, investing, wealth management and fund management activities, according to a new survey by the Chartered Institute for Securities & Investment (CISI).

Sagar Teotia To Conclude Tenure As SEC Chief Accountant

Date 13/01/2021

The Securities and Exchange Commission today announced that Sagar Teotia, the Commission’s Chief Accountant, intends to leave the agency by the end of February after nearly six years of total public service.

Moscow Exchange: Risk Parameters Change For The Security INTC-RM - Update

Date 13/01/2021

As per the Securities market risk parameters methodology, on 13.01.2021, 17-13 (MSK) the upper bound of the price band (up to 4470) and initial margins (up to 21 %) for the security INTC-RM were changed. New values are available here

Sova Capital Appoints Fraser Smith As CFO

Date 13/01/2021

Sova Capital announces that Fraser Smith has joined the firm as Chief Financial Officer. Fraser brings significant experience as a Global Financial Director with expertise in Asset Management, Global Banking & Markets, UHNW Wealth Management and Securities Services.