News Centre

Federal Reserve Board Publishes Detailed Noncash Payments Data From The 2019 Federal Reserve Payments Study

Date 29/10/2020

The Federal Reserve Board on Thursday published detailed noncash payments data from the 2019 Federal Reserve Payments Study (FRPS). The additional data, estimated from surveys covering 2012 through 2018, supplement the noncash payments overview provided by the top-line data released in December 2019.

EBA Launches Consultation On Revised Guidelines On Sound Remuneration Policies

Date 29/10/2020

The European Banking Authority (EBA) launched today a public consultation on revised Guidelines on sound remuneration policies.  This review takes into account the amendments introduced by the fifth Capital Requirements Directive (CRD V) in relation to institutions’ sound remuneration policies and in particular the requirement that those remuneration policies should be gender neutral. The consultation runs until 29 January 2021.

Investing In Providers Of Global Data Infrastructure With Global X’s New Data Center REITs & Digital Infrastructure ETF

Date 29/10/2020

According to Cisco’s Annual Internet Report, 66 percent of the world’s population (5.3 billion people) will have access to the internet by 2023. This staggering amount of data produced requires an efficient global data infrastructure, a demand, which created a whole industry of companies specialized in building and operating large data centers that process society’s digital life. To enable investors to access Data Centers straightforwardly, Global X launched an ETF incorporating large-scale Data Center and digital infrastructure players in their new Global X Data Center REITs & Digital Infrastructure ETF [Ticker: VPN], tracking an ARTIS®-based Solactive index.

EBA Issues First Monitoring Report On TLAC-MREL Instruments Accompanied By 15 Recommendations

Date 29/10/2020

The European Banking Authority (EBA) published today its first monitoring Report on minimum requirement for own funds and eligible liabilities (MREL) and total loss absorbing capacity (TLAC) instruments. The purpose of this Report is to inform stakeholders about the implementation review performed by the EBA on TLAC / MREL instruments so far and to present its views and current recommendations on specific features commonly seen in these instruments. This Report follows the same approach of the reports regularly published on CET1 and AT1 monitoring of issuances.

ETFGI Reports Assets Invested In The Global ETFs Industry Extend Their Lead To 3.58 Trillion US Dollars Over Assets Invested In The Hedge Fund Industry At The End Of Q3 2020

Date 29/10/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that assets invested in the global ETFs and ETPs industry extended its lead over the global hedge fund industry to US$3.58 trillion at the end of Q3 2020, an increase of 18.15% since 2019. (All dollar values in USD unless otherwise noted.)

US Federal Agencies Propose Regulation On The Role Of Supervisory Guidance

Date 29/10/2020

Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies' use of supervisory guidance for regulated institutions. The proposal would codify the statement, as amended, that was issued in September 2018 by the agencies that clarified the differences between regulations and guidance.

BIS: Non-US Global Banks And Dollar (Co-)Dependence: How Housing Markets Became Internationally Synchronized

Date 29/10/2020

Summary

Focus

House prices co-move across countries, sometimes more sometimes less. We ask what US dollar funding conditions and the international banking network have to do with this co-movement

FSB Welcomes Task Force On Climate-Related Financial Disclosures Status Report

Date 29/10/2020

The Financial Stability Board (FSB) welcomed the publication today of the 2020 status report by the industry-led Task Force on Climate-related Financial Disclosures (TCFD), which reports on the further growth in TCFD-aligned disclosures by firms.

triReduce Completes First Benchmark Conversion With SONIA Risk Replacement Trades

Date 29/10/2020

TriOptima, a leading infrastructure service that helps to lower costs and mitigate risk in OTC derivatives markets, announced the completion of the first triReduce enhanced compression cycle to include SONIA risk replacement trades. The cycle took place on October 22, 2020 at LCH SwapClear.  

CFTC’s Enforcement Division Issues Staff Guidance On Recognition Of Self-Reporting, Cooperation, And Remediation

Date 29/10/2020

The Commodity Futures Trading Commission today announced the Division of Enforcement (DOE) issued new guidance for enforcement staff when recommending the recognition of a respondent’s cooperation, self-reporting, or remediation in CFTC enforcement orders. The guidance, which will be published in the agency’s Enforcement Manual, follows recent updates of the manual’s civil monetary penalty guidance and compliance program evaluation guidance. [See CFTC Press Release Nos. 8165-20 and 8235-20]