News Centre

FIA Supports China’s Historic Futures Law

Date 27/05/2021

FIA today submitted comments to China’s National People’s Congress in support of the new draft Futures Law, noting this historic milestone will help to develop a more robust and liquid futures market for both Chinese and international customers. For many years, FIA has advocated for the passing of a futures law in China as a vital step in the development and growth of China’s markets. These markets already rank among the largest in the world in terms of trading volume, but they lack certain legal standards that are critical for deeper institutional participation.

SEC Awards More Than $4 Million To Whistleblower

Date 27/05/2021

The Securities and Exchange Commission today announced an award of more than $4 million to a whistleblower who alerted SEC staff to certain violations, prompting the opening of an investigation.  The whistleblower then provided substantial assistance by meeting with SEC staff, identifying key players, and providing additional helpful information and documents.

What Are Government Bond Yields Telling Us About The Economic Outlook? - Speech By Gertjan Vlieghe, Bank Of England, External Monetary Policy Committee Member Given At The University Of Bath

Date 27/05/2021

Gertjan Vlieghe talks about the rise in government bond yields. He says it is not due to rising inflation worries or high government debt. Instead the increase is almost entirely because of the improved economic outlook in the UK.

BIS: Cyber Resilience Practices - Executive Summary

Date 27/05/2021

The financial sector faces significant exposure to cyber risk given that it is information technology-intensive and highly interconnected through payment systems. Therefore, it is important for financial firms to strengthen their cyber resilience, which is defined by the Financial Stability Board (FSB) as "the ability of an organisation to continue to carry out its mission by anticipating and adapting to cyber threats and other relevant changes in the environment and by withstanding, containing and rapidly recovering from cyber incidents."

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

Date 27/05/2021

As per the Securities market risk parameters methodology, on 27.05.2021, 18-16 (MSK) the upper bound of the price band (up to 1170) and initial margins (up to 26.25 %) for the security F-RM were changed. New values are available here

BIS: Climate And Environmental Risks - Guide For Supervisors - Executive Summary

Date 27/05/2021

To help meet the goals of the 2015 Paris Agreement, the Network for Greening the Financial System (NGFS) aims to ensure that financial firms manage their climate-related and environmental risks. In May 2020, it published its Guide for Supervisors – Integrating climate-related and environmental risks into prudential supervision. The guide's recommendations provide authorities with a roadmap to integrate climate-related and environmental risks in supervisory frameworks and includes five recommendations.

Testimony Of US Secretary Of The Treasury Janet L. Yellen To The Subcommittee On Financial Services And General Government Committee On Appropriations, U.S. House Of Representatives

Date 27/05/2021

Chairman Quigley, Ranking Member Womack, thank you for inviting me to join you today. I look forward to your questions, but first, I want to briefly discuss the state of our economy and the state of the Treasury Department. Because I believe one depends on the other.

BIS: Whom Do Consumers Trust With Their Data? US Survey Evidence

Date 27/05/2021

Key takeaways

• In a recent survey, US households say they are more likely to trust traditional financial institutions than government agencies or fintechs to safeguard their personal data. They have far less trust in big techs. 

• This pattern differs across demographic groups: respondents from racial minorities have less trust in financial institutions, while younger respondents trust fintechs relatively more. Female, minority and younger respondents are more concerned about implications of data-sharing for their personal safety.

• A quarter of respondents say Covid-19 made them less willing to share data. In this group, nearly half became less willing to share with big techs. Concerns centred on identity theft and abuse of data.

• As the economy becomes increasingly digital, and new players expand further into financial services, strong data protection policies will become more important to shield consumers from these harms.

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

Date 27/05/2021

As per the Securities market risk parameters methodology, on 27.05.2021, 17-45 (MSK) the upper bound of the price band (up to 1088) and initial margins (up to 20 %) for the security GE-RM were changed. New values are available here

Jos Dijsselhof Supports Market Access By Small And Medium-Sized Companies As Key To The Recovery

Date 27/05/2021

• The CEO of SIX and Chairman of BME is optimistic about IPOs in the coming months and defends the transformative power of technology.
• The Medcap Forum concludes its seventeenth edition, the second held remotely, with 3,600 connections to its panels and discovery meetings via streaming.
• The importance of financial markets as a means of financing for companies of all sizes was the central idea of the third and last day of the event.
• The managers of a hundred companies showed investors their growth and recovery plans for the post Covid-19 scenario.