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BIS: Money, Technology And Banking: What Lessons Can China Teach The Rest Of The World?

Date 07/06/2021

Summary

Focus

Technology companies entering the financial services industry have become a global phenomenon over the past decade. Using the rise of two big techs in China as a foundation for analysis, this paper examines the key factors that have driven the development in China and whether such factors are applicable elsewhere.

EBA launches Second Consultation On Its Technical Standards On The Calculation Of The EUR 30bn Threshold For Investment Firms

Date 07/06/2021

The European Banking Authority (EBA) launched today a second consultation on its draft regulatory technical standards (RTS) on the calculation of the threshold for investment firms. With this consultation, the EBA is seeking to address the level playing field concerns raised by the industry in relation to geographical constraints of some undertakings a well as to ensure a more proportionate and consistent methodology for the calculation of the thresholds. These RTS are part of the EBA’s roadmap for delivering on mandates related to the implementation of a new prudential regime for investment firms. The consultation runs until 17 July 2021.

Moscow Exchange: Risk Parameters Change For The Security BIIB-RM

Date 07/06/2021

As per the Securities market risk parameters methodology, on 07.06.2021, 18-03 (MSK) the upper bound of the price band (up to 23722) and initial margins (up to 21.25 %) for the security BIIB-RM were changed. New values are available here

Moscow Exchange: Risk Parameters Change For The Securities BIIB-RM And LLY-RM - Updated

Date 07/06/2021

Please follow the links below to access the information:

Risk parameters change for the security BIIB-RM
Risk parameters change for the security LLY-RM
Risk parameters change for the security BIIB-RM
Risk parameters change for the security BIIB-RM
Risk parameters change for the security BIIB-RM

EBA Makes Recommendations For Reducing Supervisory Reporting Costs

Date 07/06/2021

• The EBA study of the cost of compliance with supervisory reporting requirements has identified 25 recommendations which could reduce the reporting costs faced by institutions by 15-24%.
• These recommendations could further improve the proportionality that already exists in the supervisory reporting, generating savings to small and non-complex institutions of up to EUR 188-288 million.
• The EBA will be implementing these recommendations, as part of its ongoing work on proportionality in the common EU supervisory reporting framework.

Basel Committee Discusses Effects Of Covid-19 On Banks, Assesses Post-Crisis Reforms And Agrees Public Consultation On Cryptoassets

Date 07/06/2021

• Basel Committee discusses Covid-19 risks to banking system, reviews provisioning practices and stresses importance of using capital and liquidity buffers.
• Reviews interim report evaluating impact of Basel framework during Covid-19.
• Agrees to hold public consultation on prudential treatment of cryptoasset exposures.

EBA Updates List Of Risk Indicators And Analysis Tools

Date 07/06/2021

The European Banking Authority (EBA) published today an updated list of indicators for risk assessment and risk analysis tools, together with the accompanying methodological guide. This guidance, which describes how risk indicators are computed in EBA publications, allows competent authorities and users of EBA data to interpret key bank figures in a consistent fashion when conducting their risk assessments and analyses.

IMF Deputy Managing Director Tao Zhang To Leave The Fund

Date 07/06/2021

International Monetary Fund Managing Director Kristalina Georgieva announced today that Deputy Managing Director Tao Zhang intends to conclude his service when his term expires on August 20, 2021. Mr. Zhang was appointed to a five-year term in August 2016.

Volume 21, Issue 2 Of Borsa İstanbul Review Has Been Published

Date 07/06/2021

Borsa İstanbul Review, forging ahead to be one of the most prominent journals in finance & economics, is managed by Borsa İstanbul and published quarterly by Elsevier, a world leading academic publishing company.

State Street Appoints Industry Expert To Lead Insurance Segment Globally - Jason Knight Appointed As Global Insurance Head

Date 07/06/2021

State Street Corporation (NYSE:STT) today announced the appointment of Jason Knight as global head of the firm’s Insurance segment. In this role, Knight will be responsible for creating and executing the Insurance Segment’s strategy globally, and will work closely with senior leadership in sales, product, as well as State Street’s other business lines to ensure delivery of an outstanding client experience.