News Centre

Interview: It's About Time To Access The Benefits Of Listed FX - Barclays And DZ PRIVATBANK S.A. To Provide Union Investment Access To Eurex FX

Date 21/12/2020

Listed FX volumes and open interest are continuing to grow at Eurex. With a strong December roll, the exchange traded more than 600,000 futures contracts in 2020 despite the COVID-19 crisis. Progress is also visible in market access. Most recently, Barclays and DZ PRIVATBANK S.A. provided Union Investment access to Eurex FX.

BIS: Forecasting Expected And Unexpected Losses

Date 21/12/2020

Summary

Focus

To align banks' loss-absorbing resources with actual risks, new regulation features forward-looking elements. Namely, recently adopted provisioning standards seek to align the amount of assets that banks write down with the level of expected future losses (EL), which may vary over time. In parallel, capital requirements are set to generate resources for time-varying unexpected losses (UL), or the extent to which EL may be exceeded in extreme scenarios.

EBA Provides Additional Clarity On The Implementation Of Selected COVID-19 Policies

Date 21/12/2020

The European Banking Authority (EBA) published today additional clarifications on the application of the prudential framework in response to issues raised as a consequence of the COVID-19 pandemic. These clarifications update the FAQ section of the EBA Report on COVID-19 implementation policies published on 7 August. They mainly cover the EBA Guidelines on moratoria and COVID-19 reporting, operational risk, downturn LGD estimation and the credit risk mitigation framework. This Report is part of the EBA’s wider monitoring of the implementation of COVID-19 policies as well as of the application of existing policies under these exceptional circumstances.

S.P. Kothari To Conclude Tenure As SEC Chief Economist And Division Of Economic And Risk Analysis Director

Date 21/12/2020

The Securities and Exchange Commission today announced that S.P. Kothari, Chief Economist and Director of the SEC’s Division of Economic and Risk Analysis, will conclude his tenure by the end of January.

BME: Premier Registers Its First Commercial Paper Programme With MARF

Date 21/12/2020

BME’s Fixed Income market, MARF, today registered the first Commercial Paper Programme from real estate agency Premier España. This Commercial Paper Programme will allow the company to access qualified investors flexibly in order to diversify its financing sources through the distribution of short-term securities with a maximum outstanding balance of 50 million euros.

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

Date 21/12/2020

As per the Securities market risk parameters methodology, on 21.12.2020, 17-45 (MSK) the lower bound of the price band (up to 3263) and initial margins (up to 17.5 %) for the security INTC-RM were changed. New values are available here

BME: MARF Registers A New 250 Million-Euro Commercial Paper Programme From CAF

Date 21/12/2020

BME's Fixed Income Market, MARF, today registered a new Commercial Paper (CP) Programme from Construcciones y Auxiliar de Ferrocarriles (CAF) for a maximum outstanding balance of 250 million euros. With this debut on MARF, CAF will be able to place CPs over the next 12 months in a flexible manner, based on its needs, among qualified resident and non-resident investors and with maturity terms of up to 24 months.

ESMA Updates EMIR Q&As

Date 21/12/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers on OTC requirements and reporting issues under the European Markets Infrastructure Regulation (EMIR).

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

Date 21/12/2020

As per the Securities market risk parameters methodology, on 21.12.2020, 17-45 (MSK) the lower bound of the price band (up to 3263) and initial margins (up to 17.5 %) for the security INTC-RM were changed. New values are available here

ESMA Sees Significant Increase In EU Market Abuse Sanctions To €88 Million In 2019

Date 21/12/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its annual report on administrative and criminal sanctions, as well as other administrative measures, issued under the Market Abuse Regulation (MAR) in 2019. The Report shows that National Competent Authorities (NCAs) and other authorities imposed a total of €88 million in fines related to 339 administrative and criminal actions under MAR.