News Centre

EEX Group - Monthly Report May 2020

Date 04/06/2020

Key achievements in May

Power

• The growth of the Power Spot market was mostly driven by the Intraday market, which grew by 12% year-on-year to 8.4 TWh. Also, the Belgian intraday market hit a new record with 256,563 MWh traded over the last month (previous record: 224,127 MWh in March 2020). May was also marked by the successful launch of Intraday markets in the Nordic region by EPEX Spot and ECC. Launched on 26th May, these markets already reported 18,772 MWh at the end of the month.

CryptoCompare Analysis: Institutional Options Volumes Hit Record Levels In May

Date 04/06/2020

As investors around the globe look for exposure to safe-haven assets, Bitcoin seems to be proving an attractive choice for institutional investors. May saw volumes on regulated platform CME soar, recovering substantially from a lull in April. 

The FCA's Response To COVID-19 And Expectations For 2020 - Speech By Megan Butler, Executive Director Of Supervision – Investment, Wholesale And Specialists At The FCA, Delivered at PIMFA’s Virtual Festival

Date 04/06/2020

Highlights:

• In operational terms, advisors and wealth managers responded well to the onset of the coronavirus (Covid-19) crisis.
• Whilst acting with speed has been the absolute priority, as the industry adapts to the long-term impact of coronavirus, there is a need to transition from the immediate ‘incident response’ towards focusing on longer-term impacts. In her speech to PIMFA’s members, Megan Butler explores the FCA’s priorities and longer-term expectations for the wealth management and advice industry.
• Key areas of focus for the FCA include operational resilience in light of coronavirus, financial resilience (and within that the preservation of client assets and money) and acting with integrity.
• On the latter, the FCA has identified some firms which have tried to avoid their liabilities to customers by closing down companies and setting up new ones. These practices are unacceptable, and the FCA will continue to take action against firms conducting such activities.

Finansinspektionen: Decision Regarding The Countercyclical Buffer Rate

Date 04/06/2020

Finansinspektionen (FI) decided on 3 June 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 0.48 per cent.

ESMA Updates Reporting Instructions For MMF Reporting

Date 04/06/2020

The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published updated reporting instructions to be used for reporting under the Money Market Fund Regulation (MMFR).

Finansinspektionen: Measures Stabilised The Financial Situation

Date 04/06/2020

Governments, central banks, and authorities around the world have taken powerful measures to mitigate the economic impact of the coronavirus pandemic. These measures also helped dampen uncertainty on the financial markets. By utilising available buffers and continuing to lend to firms and households, the financial sector can dampen the impact of the crisis. It is also important to remember that the economic crisis is not over, and uncertainty is therefore high, notes Finansinspektionen (FI) in its first stability report of the year.

UK Financial Conduct Authority: Banks, Building Societies And Credit Unions – Branch Access For Essential Services Update

Date 04/06/2020

Banks, building societies and credit unions have made significant efforts to maintain essential services for their customers during the coronavirus (Covid-19) crisis. As restrictions start to ease, firms will begin to re-open branches and increase the range of services available.  

Moscow Exchange: Risk Parameters Change For The Security GMKN

Date 04/06/2020

As per the Securities market risk parameters methodology, on 04.06.2020, 16-38 (MSK) the lower bound of the price band (up to 18418) and initial margins (up to 25 %) for the security GMKN were changed. New values are available here

Despite Extreme Market Conditions, TNS Records Zero Packet Loss Across Backbone Network - Even Under Pressure During A Global Economic Crisis, TNS’ Capacity Upgrades In 2019 Paid Dividends For Customers In Q1 2020, Demonstrating Its Network’s Reliability

Date 04/06/2020

At a time when global stock exchanges are experiencing intense volatility and speculative, high-volume trading as the COVID-19 pandemic impacts equities markets, Transaction Network Services (TNS) today reported its North American backbone network recorded zero packet loss during the highest market data volume periods it has ever seen. This means no TNS customers’ trades were lost and critical market data was not dropped or delayed.

Seven Moments In Spring: Covid-19, Financial Markets And The Bank Of England's Operations - Speech By Andrew Hauser, Executive Director, Markets, Hosted By Bloomberg Via Webinar

Date 04/06/2020

Andrew looks back at the key moments that shaped financial markets during the first six weeks of the Covid-19 crisis. Andrew shares his perspectives on what drove markets, what we have learnt and our response.