News Centre

BIS: Bargaining Power And The Phillips Curve: A Micro-Macro Analysis

Date 17/11/2020

Summary

Focus

The relationship between inflation and economic activity has apparently weakened in recent years. We ask how trends in workers' bargaining power may have played a role.

ACER Publishes Its New REMIT Quarterly And Open Letter On Data Quality

Date 17/11/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) publishes today the 22nd edition of its REMIT Quarterly. Covering the third quarter of 2020, this edition provides an update on the largest ever REMIT fine, which is also the first sanction for breach of market manipulation in the form of deception. Another market manipulation sanction is presented in relation to the ascending clock auctions for the long-term gas transmission capacity allocation in the EU. This edition also highlights an upcoming hydrogen energy wholesale market and its importance in the decarbonisation of the European energy sector.

55 Leading International Asset Owners And Asset Managers Ask Companies To Use SASB Standards

Date 17/11/2020

The Investor Advisory Group (IAG) of the Sustainability Accounting Standards Board (SASB)  today issued an updated statement  calling on companies to use SASB Standards in disclosures to investors.

CME Group Announces Launch Of New Implied Volatility Indexes - First CVOL Offerings To Include 10-Year Treasury Note And G5 FX Currency Pair Indexes

Date 17/11/2020

CME Group, the world's leading and most diverse derivatives marketplace, today announced it began daily publication of a suite of new implied volatility benchmark indexes based on its innovative, proprietary CME Group Volatility Index (CVOL™) methodology. Beginning with eight implied volatility indexes on its 10-Year Treasury Note futures and G5 FX currency pair futures, the CVOL family of indexes will be expanded to include benchmarks across all major asset classes in the first half of 2021.

The Potential Long-Term Effects Of Covid - Speech By Dave Ramsden, Bank Of England, Deputy Governor For Markets & Banking, Given At The Institute For Policy And Engagement, University Of Nottingham

Date 17/11/2020

Overview

Dave Ramsden looks at the impact of the Covid pandemic on the UK economy. He examines what the long-term effects are and how the economy is likely to respond.

Moscow Exchange: Risk Parameters Change For The Security RU000A0JUG98

Date 17/11/2020

As per the Securities market risk parameters methodology, on 17.11.2020, 17-47 (MSK) the lower bound of the price band (up to 93.25) and initial margins (up to 11.25 %) for the security RU000A0JUG98 were changed. New values are available here

Freight Investor Services To Begin Coverage Of Four Pulp And Paper Futures Contracts - China-Focussed Contracts Enable Traders And Hedgers To Access Fresh Liquidity With Exchange And Index Settlement

Date 17/11/2020

Freight Investor Services, the leading broker of freight and commodities futures and options, is supporting traders wishing to take advantage of the cash-settled pulp and paper contracts offered by NOREXECO clearing against the Shanghai Futures Exchange final delivery settlement price and Fastmarkets FOEX.

FSB Acts To Address Issues Highlighted By March Market Turmoil

Date 17/11/2020

The Financial Stability Board (FSB) today published a letter from its Chair and two reports delivered to G20 Leaders ahead of their Summit this week:

• Chair’s letter – FSB Chair Randal K. Quarles notes the FSB will continue to act to address vulnerabilities in the financial system exposed by COVID-19 and new and emerging risks. While financial conditions have continued to ease, persistent economic uncertainty and still elevated financial stability risks call for continued vigilance. The protracted nature of the COVID Event requires continued efforts to support financial resilience and ensure a sustained flow of financing to the real economy. Addressing the vulnerabilities exposed by the COVID Event and making progress on other important topics ranging from cross-border payments to LIBOR will require continued strong commitment and coordination at the international level.

• Holistic Review – the Review finds that the breadth and dynamics of the economic shock and related liquidity stress in March were unprecedented. The March turmoil underscores the need to strengthen the resilience of non-bank financial intermediation (NBFI). The review sets out an NBFI work programme, which focuses on three main areas: work to examine and address specific risk factors and markets that contributed to amplification of the shock; enhancing understanding of systemic risks in NBFI and the financial system as a whole, including interactions between banks and non-banks and cross-border spill-overs; and assessing policies to address systemic risks in NBFI.

• COVID-19 pandemic: Financial stability impact and policy responses – risks to global financial stability remain elevated. Volatility in equity prices has increased recently against the backdrop of a second wave of the pandemic and further containment measures in some regions. Financial conditions may therefore remain vulnerable to sharp shifts in investor sentiment. The effectiveness of the policy response to COVID-19 critically depends on measures taken remaining in place as long as necessary. Heightened economic uncertainty and continued elevated risks to financial stability reinforce the case for continued close international cooperation to help maintain global financial stability, keep markets open and functioning, and preserve the financial system’s capacity to finance growth.

Bank of America Is First Authorized Participant To Leverage ICE’s FIX API For Creations and Redemptions

Date 17/11/2020

 Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that Bank of America became the first authorized participant to leverage ICE ETF Hub’s FIX API to communicate ETF share creations and redemptions. This is an important milestone in the ETF industry’s adoption of ICE ETF Hub, which was designed as an industry-wide, open architecture, technology solution, offering a more standardized and simplified process for the creation and redemption of ETF shares.

ETP Volumes Surge 53% Following Bitcoin Bull Run - CryptoCompare Analysis

Date 17/11/2020