News Centre

BIS: How Are Household Finances Holding Up Against The Covid-19 Shock?

Date 15/06/2020

Key takeaways

• As incomes shrink because of the Covid-19 shock, households must balance repaying debt with keeping up reasonable levels of consumption. 
• In several countries, low- and middle-wealth households have insufficient liquid buffers to weather a long spell of unemployment without falling behind on debt repayments. 
• The resilience of middle-wealth households is especially important: they hold relatively more (mortgage) debt and are more vulnerable in the countries that are more heavily exposed to the economic shock. 

SSY Futures Ltd Arranges First Trade in CME’s New Hot Dipped Galvanized Steel Futures Contract.

Date 15/06/2020

SSY Futures Ltd is pleased to report that it has arranged the first trade in the new HDG Futures contract. 

EU-UK Statement Following The High Level Meeting On 15 June

Date 15/06/2020

Prime Minister Boris Johnson met the President of the European Council Charles Michel, the President of the European Commission, Ursula von der Leyen, and the President of the European Parliament, David Sassoli, on 15 June by videoconference to take stock of progress with the aim of agreeing actions to move forward in negotiations on the future relationship.

Bank Of England: Payments After The Covid Crisis – Emerging Issues And Challenges - Speech By Christina Segal-Knowles, Executive Director Financial Market Infrastructure Directorate, Given During A London School Of Economics And Centre For Economic Policy Research Webinar

Date 15/06/2020

Christina Segal-Knowles talks about changes to the way people pay for goods and services and the impact Covid-19 has had on that. She goes on to explore how digital currencies fit in and what central banks can and are doing in response to this innovation.

ESMA Publishes 2019 Annual Report And Updates 2020 Annual Work Programme

Date 15/06/2020

Montréal Exchange Launches CORRA Futures - Canada's Derivatives Exchange Expands Fixed Income Product Suite To Support Newly Enhanced Canadian Benchmark

Date 15/06/2020

Montréal Exchange (MX), Canada's derivatives exchange, today announced the launch of CORRA Futures, a new three-month futures contract based on the Canadian Overnight Repo Rate Average (CORRA) benchmark. The launch coincides with the Bank of Canada taking over the administration of the CORRA interest rate benchmark. CORRA is designed to measure the average cost of overnight general Government of Canada collateral repo transactions and serves as a representative measure of overnight funding rates.

Change In The Management Board Of Wiener Börse AG

Date 15/06/2020

• CTO/COO Ludwig Niessen will retire after more than three decades on the Vienna Stock Exchange
• Christoph Boschan (CEO) and Petr Koblic (CFO) take over his responsibilities

Aite Group Announces Winners Of The 2020 Digital Wealth Management Impact Innovation Awards - Aite Group Recognizes Six Innovative Financial Institutions Leveraging Best-In-Class Initiatives

Date 15/06/2020

Aite Group has announced the winners of the 2020 Digital Wealth Management Impact Innovation Awards. The awards, which will be highlighted during Aite Group’s Digital Innovation in Wealth Management Forum taking place virtually on July 15, recognize and celebrate the industry’s best and brightest financial services firms across six dynamic categories.

First American Trust FSB Selects Volante Technologies US Fedwire As A Service In The Cloud

Date 15/06/2020

Volante Technologies Inc., a global provider of payments solutions to accelerate digital transformation, today announced that First American Trust FSB has selected Volante’s US Fedwire as a Service. First American Trust FSB offers banking solutions for the escrow and real estate industries. Volante’s service, running on Microsoft Azure, will replace the bank’s legacy Fedwire processing solution and modernize its payments processing infrastructure.

Solactive Releases Three Thematic Index Families

Date 15/06/2020

Solactive’s three new families of indices address the following themes – National Defense, Aging of America, and Artificial Intelligence. The indices utilize a proprietary Natural Language Processing algorithm, which identifies the constituents for the new index families through the processing of large data sets.