News Centre

New Zealand Financial Markets Authority Publishes 2020 Annual Report

Date 16/12/2020

The Financial Markets Authority (FMA) has today published its annual report for the year to June 2020.

SIFMA Statement On Final DOL Investment Advice Rule

Date 15/12/2020

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding the final rule from Department of Labor (DOL) on prohibited transaction exemptions and investment advice:

“SIFMA appreciates the work of the Department of Labor on issuing a class exemption for the receipt of fees in connection with the provision of investment advice. The exemption is a step forward as it will encourage a variety of investment advice approaches and it will provide retirement investors with the services they seek. SIFMA supports permitting financial professionals to provide investment advice in a flexible fashion. We appreciate that the Department has sought to align this new class exemption with the SEC’s Regulation Best Interest, which the industry is working diligently to implement.”

ISDA - MIFID II/MIFIR Review: Regulatory Equitisation

Date 15/12/2020

With the review of the MIFID II/MIFIR framework, policy-makers and supervisors are particularly concerned by the lack of accessibility and readability of market data and by a perceived unlevel playing field between multilateral trading facility operators and investment firms operating as systematic internalisers. One view often offered is that the means of achieving consistency in the data submitted by trading venues and investment firms is alignment of the bond and derivatives markets to the equity pre- and post-trade transparency regimes. This push towards alignment of regimes is known as ‘Regulatory Equitisation’.

SIFMA Issues 2021 And 2022 Fixed Income Recommendations For Full & Early Holiday Closes In The U.S., U.K., And Japan

Date 15/12/2020

SIFMA today issued its 2021 and 2022 holiday recommendations for the trading of U.S. dollar-denominated fixed income securities in the U.S. and the U.K. The 2021 U.S. holiday schedule includes one change from standard practice, which has been previously updated. For Good Friday 2021, there will an early close at 12:00 p.m., EST, due to the BLS employment release schedule. All 2022 recommendations for Japan are subject to confirmation by the Bank of Japan. SIFMA will confirm its 2022 recommendations for Japan in early 2021.

Cboe Global Markets And CoinRoutes Enter Exclusive Licensing Agreement For CoinRoutes RealPrice™ Cryptocurrency Market Data

Date 15/12/2020

Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and global trading solutions provider, today announced it has signed an exclusive licensing agreement with CoinRoutes to disseminate its market data and create potential derived data and analytics products using its RealPrice data.

Moscow Exchange: Risk Parameters On Securities Market - Update

Date 15/12/2020

CCP NCC will set the following risk parameters on Securities market starting from December 16, 2020 for DSKY:

FINRA Appoints Scott W. Anderson As Head Of Market Regulation And Transparency Services

Date 15/12/2020

FINRA announced today that it has appointed Scott W. Anderson as Executive Vice President and Head of Market Regulation and Transparency Services. Anderson began his career at NASD, FINRA’s predecessor organization, and has 25 years of experience working on complex legal and compliance matters relating to the regulation of securities markets. He will join FINRA on Jan. 25, report to President and CEO Robert W. Cook and serve on FINRA’s Management Committee.

BIS: The Recession-Mortality Nexus And Covid-19

Date 15/12/2020

Key takeaways

• Countries with a stronger predicted GDP decline in 2020 have also seen a larger number of deaths in excess of official Covid-19 fatalities.
• Historical data show that recessions are systematically associated with higher mortality, especially in developing economies. Following a recession, death rates remain elevated for several years.
• The eventual death toll of Covid-19 may be understated if the impact of the pandemic-induced recession is neglected. Limiting the economic fallout of the pandemic could also reduce excess mortality.

Finansinspektionen: US Central Bank Joins NGFS

Date 15/12/2020

FI welcomes the Federal Reserve to the Network for Greening the Financial System (NGFS), which celebrates its third anniversary today.

BIS: Financial Market Development, Monetary Policy And Financial Stability In Emerging Market Economies - The Papers In This Volume Were Prepared For A Meeting Of Senior Officials From Central Banks Held At The Bank For International Settlements

Date 15/12/2020

Financial markets are an important component in the transmission of monetary policy and play a key role in fostering financial stability. Financial market development (FMD) aims at enhancing the capacity of the financial system to pool domestic savings and foreign capital in funding investment and consumption, and at enabling efficient risk-sharing. Deep and liquid markets promote transparent and efficient pricing of assets, attract a diverse investor base, and help transfer risk to parties willing and able to bear them. This volume contains papers that were originally prepared for a meeting of Deputy Governors of central banks from emerging market economies (EMEs), exploring issues related to FMD and its interaction with, as well as implications for, the conduct of monetary policy and financial stability.