News Centre

Worldline Announces A Major Strategic Commercial Acquiring Alliance With ANZ Bank In Australia

Date 14/12/2020

• Acquisition of a controlling stake (51%) in the commercial acquiring business of ANZ for a cash consideration of c. AUD 485 million
• Creation of a 51%-49% joint-venture controlled by Worldline to operate and develop commercial acquiring services in Australia with ANZ Bank
• Strategic opportunity to expand Merchant Services outside of Europe with a unique access to one of the largest payments markets
• Strong value creation through synergies derived from Worldline’s payment technology stack roll-out, enhanced scale and growth acceleration
• First success of the newly created Merchant Services-Financial Institutions division, leveraging the compelling strengths of the Worldline-Ingenico combination

ESMA Is Seeking Experts In Financial Innovation For Its Consultative Group

Date 14/12/2020

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, is looking for new candidates for the Consultative Working Group (CWG) of the Financial Innovation Standing Committee (FISC).

LuxSE Marks 10 Years Of IFC Green Bond Issuances

Date 14/12/2020

In a virtual Ring the Bell ceremony today, the Luxembourg Stock Exchange (LuxSE) and the International Finance Corporation (IFC) marked the 10th anniversary of IFC’s Green Bond Program. Over the past decade, IFC has issued in excess of USD 10.4 billion of Green Bonds, many of which are listed at LuxSE and displayed on the United Nations-awarded Luxembourg Green Exchange, the world’s leading platform for sustainable securities.

EBA Issues Opinion To The European Commission On The Proposed Amendments To The EBA Final Draft RTS On IRB Assessment Methodology

Date 14/12/2020

The European Banking Authority (EBA) publishes today an Opinion on the amendments proposed by the European Commission as regards the EBA final draft RTS specifying the assessment methodology competent authorities are to follow when assessing the compliance of credit institutions and investment firms with the requirements to use the Internal Ratings Based (IRB) approach laid down in the Capital Requirements Regulation (CRR). These RTS are an important part of the EBA’ regulatory review of the IRB approach, as they harmonise the supervisory assessment methodology on the IRB approach across all Member States in the European Union (EU).

Moscow Exchange: Risk Parameters Change On Securities Market

Date 14/12/2020

CCP NCC is changing the following risk parameters on Securities market starting from December 21, 2020.

Initial Litigation Offerings To Bring $10B Asset Class To Avalanche Blockchain, Retail Investors For The First Time - Powered By Republic Advisory Services, First “ILO” Seeks To Raise From Retail Investors To Support Apothio LLC V. Kern County, State Of California In The Unlawful Destruction Of 500 Acres Of Hemp Crops Worth Approximately $1B.

Date 14/12/2020

Ava Labs, Roche Cyrulnik Freedman LLP, and Republic Advisory Services are bringing the $10B asset class of litigation financing to the Avalanche blockchain through the creation of a first of its kind token, the Initial Litigation Offering (“ILO”), a blockchain-enabled litigation financing product open to all investors.

EBA Calls For Strengthening The Connection Between The EU Legal Frameworks On Anti-Money Laundering And Terrorist Financing, And Deposit Protection

Date 14/12/2020

• The EBA identifies how to mitigate the risks of money laundering and terrorist financing during bank failures.
• The EBA sets out its views on how to enhance cooperation between AML/CFT and DGS authorities.
• The EBA identifies what information national authorities should receive from failing credit institutions, and how the authorities should communicate with depositors in such cases.

BIS: Central Bank Swap Lines And Cross-Border Bank Flows

Date 14/12/2020

Key takeaways

• Central banks drew heavily on US dollar swap lines with the Federal Reserve in the first half of 2020, contributing to a surge in cross-border banking flows during this period.
• The large increase in cross-border claims on banks operating in the United States – in the form of cross-border interbank and intragroup positions – reflected an increase in dollar liquidity demand from non-US banks partly met through use of the swap lines.
• In a global financial system heavily reliant on the use of the dollar, the network of central bank swap lines centred on the Fed serves as a critical elastic backstop for the private provision of dollar liquidity.

ETFGI Reports Assets Invested In ETFs And ETPs Listed Globally Reached A New Record Of US$7.62 Trillion At The End Of November 2020

Date 14/12/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that assets invested in ETFs and ETPs listed globally reached new records of US$7.62 trillion and net inflows reached a new record of US$670.57 billion at the end of November.

BIS: Dealing With Bank Distress: Insights From A Comprehensive Database

Date 14/12/2020

Summary

Focus

Bank distress episodes tend to be followed by recessions, whose severity varies significantly across episodes. There are two interrelated sets of explanations for such variation. One relates to the initial economic conditions, notably the macro-financial imbalances with which countries enter distress. Another relates to the policies deployed. These choices probably influence the severity of the recession. Yet we know little about the effectiveness of the various policies.