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UK Financial Conduct Authority Publishes Annual Report And Accounts 2019/20

Date 10/09/2020

The Financial Conduct Authority (FCA) has today published its Annual Report and Accounts, which looks back on the organisation’s key pieces of work throughout 2019/20.
IROC Publishes The Best Practices For Electronic Proceedings

Date 10/09/2020

Due to social distancing and other public health measures in response to COVID-19, IIROC inperson hearings were postponed or converted to electronic proceedings, either by telephone or videoconference. As the situation continues to evolve, the IIROC Hearing Committee remains committed to ensuring that proceedings are conducted in the public interest in a manner that is timely, fair and safe. This requires that hearings be conducted electronically until such time as inperson hearings become feasible.
EBA Issues Revised List Of ITS Validation Rules

Date 10/09/2020

The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those, which have been deactivated either for incorrectness or for triggering IT problems. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules.
Finansinspektionen: Decision Regarding The Countercyclical Buffer Rate

Date 10/09/2020

Finansinspektionen (FI) decided on 9 September not to change the countercyclical buffer rate. The buffer rate of 0 per cent, which was applied starting on 16 March 2020, shall thus continue to apply. The countercyclical buffer guide is set at 1.3 per cent.
Corporate CUSIP Request Volume Flattens In August, While Muni Volumes Slow - Second Straight Month Of Declining Municipal Identifier Request Volume

Date 10/09/2020

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for August 2020. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a significant decline in request volume for new municipal debt identifiers, while requests for new corporate identifiers were roughly flat from last month to this month.

Matthew Alexander, Compliance Analyst At tether: A New Path To Financial Stability: How Stablecoins Promote Transparency And More Equitable Markets

Date 10/09/2020

As the brave new world of digital assets enters its second decade, the rapid growth of this once-nascent industry has put the focus on issues relating to financial stability. Rather than presenting new risks, Matthew Alexander argues that stablecoins have the potential to enhance global financial stability, including the stability of individual and household finances.
Euronext Announces Annual Review Results Of The Cac® Family Indices

Date 10/09/2020

Euronext today announced the results of the annual reweighting of the CAC® Family indices. The changes due to the review will be effective from Monday 21 September 2020.
tZERO Approved To Launch Retail Broker-Dealer Subsidiary

Date 10/09/2020

tZERO, a leader in financial innovation and liquidity for private companies, announced today that the Financial Industry Regulatory Authority (FINRA) has approved the membership application of tZERO Markets, a retail broker-dealer and wholly owned subsidiary of tZERO that is registered with the Securities and Exchange Commission (SEC). This approval allows tZERO Markets to offer its customers retail brokerage services for digital securities and provide issuers with investment banking and placement agent services in connection with capital raising activities.
TMX Group CEO John McKenzie To Present At The Barclays Global Financial Services Conference

Date 10/09/2020

TMX Group Chief Executive Officer John McKenzie will present at the Barclays Global Financial Services Conference on September 15, 2020.
ECB: Monetary Policy Decisions

Date 10/09/2020

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

(1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.

(2) The Governing Council will continue its purchases under the pandemic emergency purchase programme (PEPP) with a total envelope of €1,350 billion. These purchases contribute to easing the overall monetary policy stance, thereby helping to offset the downward impact of the pandemic on the projected path of inflation. The purchases will continue to be conducted in a flexible manner over time, across asset classes and among jurisdictions. This allows the Governing Council to effectively stave off risks to the smooth transmission of monetary policy. The Governing Council will conduct net asset purchases under the PEPP until at least the end of June 2021 and, in any case, until it judges that the coronavirus crisis phase is over. The Governing Council will reinvest the principal payments from maturing securities purchased under the PEPP until at least the end of 2022. In any case, the future roll-off of the PEPP portfolio will be managed to avoid interference with the appropriate monetary policy stance.

(3) Net purchases under the asset purchase programme (APP) will continue at a monthly pace of €20 billion, together with the purchases under the additional €120 billion temporary envelope until the end of the year. The Governing Council continues to expect monthly net asset purchases under the APP to run for as long as necessary to reinforce the accommodative impact of its policy rates, and to end shortly before it starts raising the key ECB interest rates. The Governing Council intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when it starts raising the key ECB interest rates, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation.

(4) The Governing Council will also continue to provide ample liquidity through its refinancing operations. In particular, the latest operation in the third series of targeted longer-term refinancing operations (TLTRO III) has registered a very high take-up of funds, supporting bank lending to firms and households.