News Centre

Introductory Comments, Federal Reserve Chair Jerome H. Powell, At "Building A Resilient Workforce," A Video Conference Sponsored By The Federal Reserve Bank Of Cleveland, Youngstown, Ohio (Via Webcast)

Date 19/06/2020

Thank you, President Mester and Treye Johnson, and thanks to everyone for joining us. My job today is to listen, so I will keep my remarks short. But I do want to say that these conversations are incredibly valuable. They give context to reams of data and definition to a huge and complex economic picture. They also help solve problems on a practical level. Feedback from our Investing in America's Workforce initiative found a pronounced need for workforce and economic development programs to more closely align, for instance. And employers' input has influenced work across the Fed System, including the Cleveland Fed, as they look at how skills on the lower end of the pay scale can transfer to higher-earning jobs. So from me, and on behalf of my colleagues: Thank you for your time today and for your ongoing insight.

SEC Emergency Action Halts Brothers’ Cryptocurrency Offering Fraud

Date 19/06/2020

The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against two Pennsylvania-based brothers and three entities they control to stop an offering fraud and the misappropriation of investor proceeds.

The Adaptability Of Stress Testing, Federal Reserve Vice Chair For Supervision Randal K. Quarles At Women In Housing And Finance, Washington, D.C.

Date 19/06/2020

Thank you for the opportunity to again address this group, which has played such an important role encouraging diversity, and a diversity of perspectives, in housing and finance. I gave my first speech to Women in Housing and Finance almost 30 years ago. You've been kind enough to invite me back in each of my tours of duty in public service since then, and throughout that time you have been an exemplar of the adage that diversity is the art of thinking independently together.

Nigerian Stock Exchange Weekly Market Report For June 19th 2020

Date 19/06/2020

A total turnover of 1.050 billion shares worth N10.125 billion in 19,576 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.103 billion shares valued at N9.876 billion that exchanged hands last week in 16,616 deals.

Broker-Dealer Exam Program Leader Robert Sollazzo Retiring From SEC After 38 Years

Date 19/06/2020

The Securities and Exchange Commission today announced that Robert A. Sollazzo, the longtime leader of the New York Regional Office’s Broker-Dealer Examination Program, is planning to retire from the agency in July after more than 38 years of invaluable contributions.

Moscow Exchange: Calculation Of The MOEX Russia Index In After-Hours Trading On The Equity Market

Date 19/06/2020

On June 22, 2020 MOEX is going to launch the calculation of MOEX Russia Index during the additional trading session in accordance with the Methodology of the Moscow Exchange Equity Indices Calculation. In respect of this index the сode "IMOEX2" will be used.
 

ACER: Regulators Propose Changes For The Trans-European Energy Infrastructure Regulation

Date 19/06/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER) have published today a joint paper including recommendations ahead of the upcoming revision of  the Guidelines for trans-European energy infrastructure Regulation (TEN-E Regulation).

BIS: Trade Credit, Trade Finance, And The Covid-19 Crisis

Date 19/06/2020

Key takeaways

• As the Covid-19 pandemic hits economic activity, the vulnerabilities of longer and more geographically extended trade credit chains are coming to the fore, especially those related to international trade.
• While risk mitigation is available from financial intermediaries, the bulk of the exposures associated with supply chains is borne by the participating firms themselves, through inter-firm credit.
• Given the prevalence of the US dollar in trade financing, measures such as central bank swap lines that ease global dollar credit conditions may cushion the impact of the pandemic on global value chains.

Bank Of England: Update On The Contingent Term Repo Facility (CTRF) - Market Notice 19 June 2020

Date 19/06/2020

The Bank of England is today announcing that, in light of continued improvements in funding market conditions and recent usage patterns, it will discontinue 1-month Contingent Term Repo Facility (CTRF) operations at the end of June 2020. The final operation is scheduled to take place on 26 June 2020.

Malawi Stock Exchange Weekly Summary Report - 19 June 2020

Date 19/06/2020

Click here  to download Malawi Stock Exchange's weekly summary report.