News Centre

Finansinspektionen Has Decided On A Change In The Application Of Banks’ Capital Requirements

Date 20/11/2020

FI has decided to change the application of capital requirements for Swedish banks in order to adapt to the EU’s so-called banking package.

Piers Haben Speaks At The European Association For Banking And Financial Law Event

Date 20/11/2020

Piers Haben, Director of the Banking, Markets, Innovation and Consumers department at the EBA, spoke about a multi-layered approach to regulation at the event "What to regulate? How to regulate? Who should regulate?" organised by the European Association for Banking and Financial Law. In his speech, Piers Haben highlighted the EBA's approach towards innovative applications of technology in the financial sector in accordance with the principle of technological neutrality.

Nigerian Stock Exchange Weekly Market Report For November 20th 2020

Date 20/11/2020

A total turnover of 11.400 billion shares worth N35.892 billion in 39,265 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 4.509 billion shares valued at N58.733 billion that exchanged hands last week in 47,140 deals.

EBA: Banks Report A Significant Use Of COVID-19 Moratoria And Public Guarantees

Date 20/11/2020

• COVID-19 related moratoria and public guarantees provided breathing space to borrowers and allowed banks to provide new lending to many companies impacted by the crisis.
• Loans under moratoria on loan repayments were significant in many countries, and were particularly widespread for loans to SMEs.
• It is expected that upon expiry of EBA-compliant moratoria there might be increases in forborne loans and non-performing loans and therefore institutions and supervisors should monitor closely this effect.
• Public guarantee schemes (PGS) have supported mainly loans to non-financial corporations (NFC) and were material in a few countries.

IOSCO Reviews Money Market Funds Recommendations And Events Arising From the March 2020 Market Turmoil

Date 20/11/2020

IOSCO today published a diagnostic report analyzing the events that occurred in the Money Market Funds (MMFs) sector during the market turmoil in March 2020. Simultaneously, IOSCO published a thematic review assessing the implementation of selected IOSCO recommendations issued in 2012 to strengthen the resilience of MMFs globally.

ESMA Working Paper No. 4, 2020, Cross-Venue Liquidity Provision: High Frequency Trading And Ghost Liquidity - Hans Degryse, Rudy De Winne, Carole Gresse, Richard Payne

Date 20/11/2020

The ability to accurately measure liquidity in financial markets is crucial both for traders who want to formulate an optimal execution strategy and for regulators who wish to assess the quality of operation of financial markets. However, recent developments in market structure have made this measurement task difficult. First, the fragmentation of modern equity markets and the use of multiple trading venues by market participants means that to measure liquidity one must aggregate across many venues and data feeds to obtain a ‘consolidated’ view of the market, while to execute efficiently requires the use of a ‘smart order router’ (see, for example, Foucault and Menkveld, 2008). Second, though, the same market developments have led to changes in order submission strategy by traders which imply that ‘consolidated’ liquidity (measured as the simple aggregate of shares available across all trading venues) is likely to be an overstatement of the actual liquidity that an average trader can access. We refer to the difference between measured liquidity and tradeable liquidity as ‘Ghost Liquidity’ (GL).

Nigerian Stock Exchange Celebrates 5th Stream Of Graduate Trainees

Date 20/11/2020

The Nigerian Stock Exchange (NSE or The Exchange) hosted its first-ever digital graduation ceremony in honour of members of the Class of 2020 of the NSE Graduate Trainee Programme (GTP) on Friday, 20 November 2020.

The Role Of The CCO – Empowered, Senior And With Authority, Peter Driscoll, SEC Director, Office Of Compliance Inspections And Examinations, Nov. 19, 2020, Opening Remarks At National Investment Adviser/Investment Company Compliance Outreach 2020

Date 20/11/2020

Introduction

We have faced a major and unexpected event this past year, unlike anything many of us have experienced.  We all have faced many challenges. Concern over the health and safety of our families, friends, colleagues, and ourselves has become top priority.  Balancing remote work, restrictions on travel, childcare, virtual school, and virtual meetings has become the new normal.  We have faced dramatic changes in how we operate, regularly communicate, and, importantly, adapt compliance with the existing policies and procedures and law to the new circumstances.  We observed many in the industry successfully pivot to full telework, at a time when we saw incredibly high market volume.  With this lead in, I would like to share with you today how OCIE was impacted by the Covid-19 pandemic, and also spend time discussing the challenges CCOs face and the importance of achieving their empowerment, seniority, and authority in their firms to ensure that they are effective.   

Aquis Works With SGX & AWS On An Innovative Trading Deployment In The Cloud - Proof Of Concept Testing Validates Low-Latency Markets Can Be Hosted Entirely On The Cloud

Date 20/11/2020

Aquis Exchange PLC (AQX.L), the exchange services group, is pleased to announce that its software development and licensing arm Aquis Technologies has completed a project in collaboration with Singapore Exchange (SGX) and Amazon Web Services (AWS) to validate that complex exchange architecture and operations can work as efficiently in the cloud as in physical data centres.

SIP Operating Committees Welcome Steve Miele As New Advisory Committee Member - Steve Miele Of LeveL ATS Chosen As The New ATS Advisory Committee Member

Date 20/11/2020

The Operating Committees of the Securities Information Processors (“SIPs”) today announced the addition of a new member to the Advisory Committee, Steve Miele, Chief Strategy Officer of LeveL ATS.