News Centre

MNI Chicago Business Barometer™ – Eased To 58.2 In November

Date 30/11/2020

Key Points – November Report

The Chicago Business Barometer^TM, produced with MNI, slipped to 58.2 in November. The index now stands at the lowest level since August but remains in expansion.

Federal Reserve Board Announces Extension Through March 31, 2021, For Several Of Its Lending Facilities That Were Generally Scheduled To Expire On Or Around December 31

Date 30/11/2020

The Federal Reserve Board on Monday announced an extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31.

CFTC And CONSOB Sign MOU For Supervision Of Cross-Border Firms

Date 30/11/2020

The Commodity Futures Trading Commission and the Commissione Nazionale per le Società e la Borsa (CONSOB) today announced the signing of a Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the supervision and oversight of regulated firms that operate on a cross-border basis in the United States and in Italy.

UK Financial Conduct Authority Response To IBA’s Proposed Consultation On Intention To Cease US$ LIBOR

Date 30/11/2020

ICE Benchmark Administration (IBA), the FCA-regulated and authorised administrator of LIBOR, has today announced that it will consult in early December on its intention to cease US$ LIBOR. IBA intends that, subject to confirmation following its consultation, one week and two month US$ LIBOR settings will cease at end-2021, and that the US$ LIBOR panel will cease at end-June 2023.

Nigerian Stock Exchange Migrates Four Companies From ASeM To Growth Board

Date 30/11/2020

The Nigerian Stock Exchange (“NSE” or “The Exchange”) is pleased to announce the migration of Chellarams Plc, Living Trust Mortgage Plc, McNichols Plc, and The Initiates Plc from the Alternative Securities Market (ASeM) to the Growth Board and the launch the associated Growth Board Index on Monday, 30 November 2020.  This migration follows the receipt of applications from these companies requesting to be migrated from ASeM, and consequent screening and approval by the National Council of The Exchange.

US Federal Agencies Issue Statement On LIBOR Transition

Date 30/11/2020

The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency today issued a statement encouraging banks to cease entering into new contracts that use USD LIBOR as a reference rate as soon as practicable and in any event by December 31, 2021, in order to facilitate an orderly—and safe and sound— LIBOR transition.

Statement On Developments Related To The LIBOR Transition, SEC Chairman Jay Clayton, Nov. 30, 2020

Date 30/11/2020

Today’s announcements establish a pragmatic, market-oriented path for managing the transition away from LIBOR. We encourage registrants to proactively transition to market-based reference rates and stand ready to assist market participants.

Federal Reserve Board Welcomes And Supports Release Of Proposal And Supervisory Statements That Would Enable Clear End Date For U.S. Dollar (USD) LIBOR And Would Promote The Safety And Soundness Of The Financial System

Date 30/11/2020

The Federal Reserve Board on Monday welcomed and supported the release of a proposal and supervisory statements that would enable a clear end date for U.S. Dollar (USD) LIBOR and would promote the safety and soundness of the financial system. The announcements today by regulators in the United States and United Kingdom and by the benchmark administrator for LIBOR together lay out a path forward in which banks should stop writing new USD LIBOR contracts by the end of 2021, while most legacy contracts will be able to mature before LIBOR stops.

ICE Benchmark Administration To Consult On Its Intention To Cease The Publication Of One Week And Two Month USD LIBOR Settings At End-December 2021, And The Remaining USD LIBOR Settings At End-June 2023

Date 30/11/2020

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announces that ICE Benchmark Administration Limited (IBA) will consult on its intention to cease the publication of the one week and two month USD LIBOR settings immediately following the LIBOR publication on December 31, 2021, and the remaining USD LIBOR settings immediately following the LIBOR publication on June 30, 2023. This follows the announcement on November 18, 2020, that IBA would consult on its intention to cease the publication of all GBP, EUR, CHF and JPY LIBOR settings immediately following the LIBOR publication on December 31, 2021.

BME Brings Together Spanish Companies With European Investors At The Geneva European Midcap Event

Date 30/11/2020

On December 1st and 2nd BME will bring together several Spanish companies with European investors in Geneva for the twelfth edition of the Geneva European Midcap Event, which this year will be held remotely due to the health situation.