News Centre

CME Group To Launch Ether Futures On February 8, 2021 - Ether Futures To Expand CME Group's Robust Crypto Derivatives Offering For Institutional Traders Alongside CME Bitcoin Futures

Date 16/12/2020

CME Group, the world's leading and most diverse derivatives marketplace, today announced it intends to launch Ether futures starting February 8, 2021, pending regulatory review.

EBA Publish Final Draft Technical Standards On The Prudential Treatment Of Investment Firms

Date 16/12/2020

The European Banking Authority (EBA) published today a package of seven final draft Regulatory Technical Standards (RTS) on the prudential treatment of investment firms. These final draft RTS, which are part of the phase 1 mandates of the EBA roadmap on investment firms, will ensure a proportionate implementation of the new prudential framework for investment firms taking into account the different activities, sizes and complexity of investments firms.

EBA Welcomes European Commission’s Action Plan To Tackle NPLs In The Aftermath Of The COVID-19 Pandemic

Date 16/12/2020

• The EBA stands ready to support the EU Commission in a wide range of actions to increase banks’ resilience and boost secondary markets for NPLs.
• As part of the action plan, the EBA will be working on improving data quality and comparability, and data infrastructures needed for development of secondary markets for distressed assets. In particular, the EBA will revise its NPL data templates.

Abu Dhabi Securities Exchange And The Tel Aviv Stock Exchanges Sign Memorandum Of Understanding - Springboard For UAE And Israel Companies To Access New Sources Of Capital And Investment, And To Collaborate In The Development And Commercialization Of Innovative

Date 16/12/2020

Abu Dhabi Securities Exchange (ADX) and the Tel Aviv Stock Exchange (TASE) have, today, signed a memorandum of understanding (MOU), the first time an Arab exchange has entered into a commercial relationship with the state of Israel. The MOU will facilitate the development of channels of communication to foster co-operation between the two exchanges, and contribute to the growth of the capital markets in the United Arab Emirates and Israel.

ESAs Notify The Chair Of The Trustees Of The IFRS Foundation On Global Sustainability Standards

Date 16/12/2020

The Chairs of the three European Supervisory Authorities (ESAs), EBA, EIOPA and ESMA, submitted a letter today to Mr Erkki Liikanen, Chair of the Trustees of the IFRS Foundation, regarding the Foundation consultation on sustainability reporting. In their letter, the Chairs agree that improving data availability and public disclosure by corporates is a key element to foster sustainable growth, and strongly support the development of globally accepted non-financial reporting standards to facilitate the disclosure of meaningful and comparable metrics on environmental, social and governance aspects. They also support that international standards should build on existing jurisdictional and international initiatives, including those of the European Union.

ESMA Reminds Users Of Scheduled It Operations At The End Of The Brexit Transition Period

Date 16/12/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes a reminder of the operations planned on its databases and systems at the end of the Brexit transition period on 31 December 2020.

LME Moves Ahead With Sustainability Strategy And LMEpassport Roll-Out

Date 16/12/2020

• Feedback analysis shows broad support for LME sustainability strategy
• Diverse views in respect of aluminium sustainability – requiring balanced approach, voluntary transparency and optional access
• LME confirms no plans to change current primary aluminium contract or to introduce a second low carbon aluminium contract
• LMEpassport discussion paper feedback shows strong support for new digital credentials register for metals
• LME will look to provide comparability between disclosures related to carbon footprint and recycled content in response to feedback
• New contracts supporting transition to low carbon economy to launch in 2021

EBA Consults On Technical Standards To Calculate Risk Weights Of Collective Investment Undertakings

Date 16/12/2020

The European Banking Authority (EBA) launched today a consultation on Regulatory Technical Standards (RTS) on the calculation of risk-weighted exposure amounts of collective investment undertakings (CIUs) in line with the Capital Requirements Regulation (CRR). The proposed draft RTS, which will contribute to the calculation of own funds requirements for the exposures in the form of units or shares in CIUs under the Standardised Approach for credit risk, clarify the regulatory treatment for missing inputs when the underlying risk of derivatives is unknown and for the computation of the exposure value for counterparty credit risk. The consultation runs until 16 March 2021.

New Realities In Wealth Management: Growth Amplifies Prior To The Storm - The Latest Aite Group Research Estimates Total Client Assets Have Reached US$29.1 Trillion At The End Of Q3 2020.

Date 16/12/2020

In 2019, many changes occurred in the U.S. wealth management industry across all four segments: wirehouses, self-clearing retail brokers, clearing and custody, and discount and online brokers. Both the self-clearing retail brokerages, and discount and online brokerages segments gained market share in 2019. Commission revenue continued to decline. Fee-based assets as a percentage of total U.S. client assets increased from 2018 to 2019. Further, despite the COVID-19 crisis, U.S. wealth management firms have performed well during the first three quarters of 2020. New Realities in Wealth Management: Growth Amplifies Prior to the Storm, a new Aite Group report, explores the changes in the U.S. wealth management industry that occurred in 2019.

EBA: Consultation On Draft RTS On The Calculation Of Risk-Weighted Exposure Amounts Of CIUs Under Article 132a(4) Of The CRR (EBA/CP/2020/25)

Date 16/12/2020

The European Banking Authority (EBA) launched today a consultation on Regulatory Technical Standards (RTS) on the calculation of risk-weighted exposure amounts of collective investment undertakings (CIUs) in line with the Capital Requirements Regulation (CRR). The proposed draft RTS, which will contribute to the calculation of own funds requirements for the exposures in the form of units or shares in CIUs under the Standardised Approach for credit risk, clarify the regulatory treatment for missing inputs when the underlying risk of derivatives is unknown and for the computation of the exposure value for counterparty credit risk. The consultation runs until 16 March 2021.