News Centre

EBA Confirms Banks’ Solid Capital And Liquidity Positions But Warns About Asset Quality Prospects And Structurally Low Profitability

Date 12/12/2020

• Ratios of non-performing loans (NPL) stable, but increasing proportion of Stage 2 and forborne loans.
• Total assets increase by 7% YoY on the back of a rise in lending and surge in cash balances.
• Most banks expect their cost of risk levels to stand between 50 and 100 bps for the current financial year.
• COVID-19 has aggravated the need for measures to reduce operating costs.
• Banks will need to make further efforts to adapt their systems to a challenging technological environment.

Nadex Announces 2021 US Holidays

Date 11/12/2020

Nadex may adjust listing hours for, or not list, some or all of its contracts on the following US holidays (specific listing hours will be posted on the Notices page prior to the holiday):

• New Year’s Day – Friday, January 1, 2021

Annual Changes To The Nasdaq Biotechnology Index

Date 11/12/2020

Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq Biotechnology Index (Nasdaq: NBI), which will become effective prior to market open on Monday, December 21, 2020.

ISDA derivatiViews: Action Needed On The DTO

Date 11/12/2020

In a matter of weeks, EU and UK firms will no longer be able to trade certain liquid derivatives with each other unless they shift their business onto US swap execution facilities (SEFs), a change that will result in higher costs and operational complexity for end users in both the EU and UK. As we pointed out in a recent joint letter with other trade associations, the best way to resolve the issue is to grant equivalence for trading venues – but time is running out.

Nadex Amends Listing Hours For The Week Of December 28, 2020 For The 2021 New Year Holiday

Date 11/12/2020

Nadex will observe the following modified holiday schedule for the week of December 28, 2020:

• Monday, December 28, 2020:  The Exchange will observe regular business hours and contract listings.  Weekly Japan 225, Germany 30, and FTSE 100 listed on this day will expire on Wednesday. All other Weekly contracts listed on this trade date will expire on Thursday, December 31, 2020 or their regular expiration times.

CFTC Commitments Of Traders Update

Date 11/12/2020

The current reports for the week of December 08, 2020 are now available.

BOX Options: Update To Trade Detail Files – New Date

Date 11/12/2020

BOX Options (“BOX”) previously distributed IC-2020-32 stating that effective Monday, January 4, 2021, BOX would release a new version of the daily and monthly trade detail files.

Utopia Genesis Application Integrates With STOKR To Launch The World’s Largest Marketplace For Tokenized Music Rights

Date 11/12/2020

Utopia Genesis Foundation announced today that it will be integrating with STOKR S.A, a primary issuance platform for digital securities, to enable the tokenization of music rights through Utopia Open Platform’s Genesis Application. In doing so, the Genesis Application will allow artists and owners of the music to tokenize assets and create equity or debt instruments for crowdfunding the launch of albums, collectibles, merchandise and more. 

Remarks Of CFTC Chairman Tarbert At Awards Ceremony Recognizing The Department Of Justice’s Fraud Section

Date 11/12/2020

The CFTC and the Department of Justice’s Fraud Section have had a strong historic relationship, including significant actions in the LIBOR and other benchmark areas. But I think everyone would agree that the past few years have been the high-water mark for the relationship between our organizations. 

The Eye Of Providence: Thoughts On The Evolution Of Bank Supervision, Federal Vice Chair For Supervision Randal K. Quarles

Date 11/12/2020

Torrential thanks to our partners Harvard Law School and The Wharton School for organizing this conference, and to the Federal Reserve staff who have played a key role. And an equally huge thanks to all of the moderators and panelists who are participating in today's event and to all of you who are tuning in. I have very much enjoyed the discussion so far, and I hope that the conference will encourage both more and a wider variety of academic work on bank supervision.