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Bank Of England Minutes Of The Productive Finance Working Group - February 2021

Date 24/02/2021

The first technical expert group (TEG) meeting

External Member Of The Monetary Policy Committee, Bank Of England, Jonathan Haskel's Annual Report For The Treasury Select Committee

Date 24/02/2021

Published for the Treasury Select Committee hearing on 24 February 2021

TheCityUK Calls For Budget To Boost Skills And UK Competitiveness

Date 24/02/2021

Ahead of the Budget, TheCityUK has proposed targeted measures to boost sustainability, productivity, competitiveness, secure future skills and increase diplomatic resources to help capitalise on services-focused trade deals around the world. These are all vital to building an economy that incentivises innovation, attracts investment and acts as a dynamo for growth and jobs across our country.

Deputy Governor Monetary Policy, Bank Of England, Ben Broadbent's Annual Report For The Treasury Select Committee

Date 24/02/2021

Published for the Treasury Select Committee hearing on 24 February 2021

SIFMA Statement On Shortening The Settlement Cycle

Date 24/02/2021

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr., on the DTCC’s whitepaper on shortening the settlement cycle for U.S. equities to one business day after the trade is executed (T+1):

“The DTCC paper released today addresses important issues to enhance our securities settlement processes, which are critical to the continued resiliency of our markets and market operations.  SIFMA, along with DTCC and ICI, led the effort to shorten the settlement cycle from 3 to 2 days in 2017, which required addressing multiple functions and rules.  Similarly, moving forward on both the integrated settlement model and moving to a T+1 settlement cycle will be a substantial undertaking requiring broad industry actions.  As discussions continue around the business and operational impacts on any future changes to shortening settlement times to T+1, we believe it is essential to ensure plans allow for a sufficient amount of time to successfully accomplish further changes, particularly in light of other industry operational obligations such as the Consolidated Audit Trail.”

Bank Of England: Resolvability Assessment Framework (RAF)

Date 24/02/2021

The Bank of England has today published a letter to the CEOs of the eight major UK banks in scope of the first Resolvability Assessment Framework (RAF) reporting and disclosure cycle.

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

Date 24/02/2021

As per the Securities market risk parameters methodology, on 24.02.2021, 21-00 (MSK) the upper bound of the price band (up to 16790) and initial margins (up to 16.25 %) for the security V-RM were changed. New values are available here

Letter From Dave Ramsden, Bank Of England Deputy Governor, Markets & Banking, On firms’ Resolvability Assessment Framework Preparations

Date 24/02/2021

Letter to Chief Executive Officers of the major UK banks

U.S. Economic Outlook And Monetary Policy, Federal Reserve Vice Chair Richard H. Clarida, At The U.S. Chamber Of Commerce, Washington, D.C. (Via Webcast)

Date 24/02/2021

It is my pleasure to meet virtually with you today.1 I look forward to our conversation, but first, please allow me to offer a few remarks on the economic outlook, the Federal Reserve's monetary policy, and our new monetary policy framework.

Readout: Secretary of the Treasury Janet L. Yellen’s Call with Italian Minister of Economy and Finance Daniele Franco

Date 24/02/2021

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Italian Minister of Economy and Finance Daniele Franco. Secretary Yellen congratulated Minister Franco on his appointment, and conveyed her intention to continue to work closely with Italy during its G20 presidency on their shared priorities of ending the pandemic, supporting a strong, balanced, and inclusive global economic recovery, improving support for low-income countries, and forcefully addressing the threat of climate change. The Secretary also committed to re-engage actively in the ongoing OECD discussions on international taxation to forge a timely international accord.