News Centre

Bowing Out Gracefully: LIBOR’s Retirement Draws Near - Speech By Andrew Hauser, Bank Of England Executive Director For Markets. - Given At The Risk.Net LIBOR Telethon On 8 December 2020

Date 09/12/2020

Overview

LIBOR is an interest rate benchmark used in financial markets, which is being phased out. Andrew Hauser sets out what businesses and lenders need to do to be ready for transition.

SEC Adopts Rules To Modernize Key Market Infrastructure Responsible For Collecting, Consolidating, And Disseminating Equity Market Data - Fosters A Competitive Environment For Core Components Of The National Market System For The First Time

Date 09/12/2020

The Securities and Exchange Commission today adopted rules to modernize the infrastructure for the collection, consolidation, and dissemination of market data for exchange-listed national market system stocks (“NMS market data”).  This infrastructure has not been significantly updated since its initial implementation in the late 1970s.  The adopted rules update and significantly expand the content of NMS market data to better meet the diverse needs of investors in today’s equity markets.  The adopted rules also update the method by which NMS market data is consolidated and disseminated, by fostering a competitive environment and providing for a new decentralized model that promises reduced latency and other new efficiencies. 

Risk Parameters On Yhe Moscow Exchange During New Year/Christmas Holidays

Date 09/12/2020

Market Data Infrastructure: Open Meeting Statement, SEC Commissioner Hester M. Peirce, Dec. 9, 2020

Date 09/12/2020

Thank you, Mr. Chairman, and thank you Brett [Redfearn], Kelly [Riley], Ted [Uliassi], and S.P. [Kothari] for your presentations. Thank you especially to the staff in the Divisions of Trading and Markets and Economic and Risk Analysis and the Office of General Counsel for all of your work on this rulemaking. Wrestling with a 900-page document on market data is not for the faint-hearted, and all of you have shown yourself to be formidable wrestlers.

First European Whistleblower Support Organization Launched On Anti-Corruption Day - New Non-Profit Group Advocates For Whistleblower Laws, Assists Citizens And Investigates Cases

Date 09/12/2020

Two leading non-profit organizations, Whistleblowing International (Berlin) and National Whistleblower Center (Washington, DC), today launched the first organization with a mission of securing stronger whistleblower laws in Europe and assisting European whistleblowers. The European Center for Whistleblower Rights is being announced today in recognition of the UN’s International Anti-Corruption Day.

Roadwork Ahead: Upgrading Market Data Infrastructure, SEC Commissioner Allison Herren Lee, Dec. 9, 2020

Date 09/12/2020

I am pleased to support this final rule which will upgrade the public market data – essentially stock trades, prices and other information – that is the lifeblood of equity trading markets. The rule is designed to improve both the content and speed of market data that is provided through public market data streams known as the Securities Information Processors, or “SIPs.” It also introduces competition into the aggregation and dissemination of SIP data, and overall is expected to enhance the value of the data while lowering costs to market participants.

Nigerian House Of Representatives And Nigerian Securities And Exchange Commission Express Support For NSE

Date 09/12/2020

The House of Representatives and Securities and Exchange Commission (SEC) of Nigeria have reiterated their support for the Nigerian Stock Exchange (NSE or The Exchange) as it continues to play a critical role in aiding Nigeria’s economic recovery and sustainable growth. This was made known at the enlightenment tour of the Committee on Capital Market and Institutions, Federal House of Representatives and the SEC to The Exchange on Wednesday, 9 December 2020.

Moscow Exchange: Calculation Of Stress Collateral Requirement During New Year/Christmas Public Holidays

Date 09/12/2020

CCP NCC is changing standard period of stress collateral requirement calculation and sets the following schedule:

Euronext: Quarterly Review Of The BEL 20®, BEL Mid® And BEL Small® Indices

Date 09/12/2020

Euronext today announced the quarterly review of the BEL 20®, BEL Mid® and BEL Small® indices. The change due to the review will be effective from Monday 21 December 2020.

BIS: Low Price-To-Book Ratios And Bank Dividend Payout Policies

Date 09/12/2020

Summary

Focus

When bank stock prices are low, relative to book value, banks have a stronger incentive to pay out dividends. But paying dividends reduces banks' capacity to lend and weakens their resilience to shocks. In response to the Covid-19 crisis, regulators and banking federations have set or recommended rules that banks should stop their dividend payouts or share buybacks in order to conserve their capital.