News Centre

Back Office Buckles Under Volume Strain: Acuiti Survey - Respondents To The Latest Survey Report Issues With Back Office Processing As Volumes Hit All-Time Highs.

Date 16/04/2020

The unprecedented volatility across global derivatives markets has put a major strain on sellside back office operations, the latest Acuiti Derivatives Insight Report has found.

Tokyo Stock Exchange To Launch Limited Public Distribution Proof Of Concept Testing For TSE Timely Disclosure Corpus

Date 16/04/2020

Tokyo Stock Exchange, Inc. (TSE) is launching Proof of Concept (PoC) testing for limited public distribution of corpus data created from timely disclosure documents and others. Corpus is an accumulation of digitized natural language sentences utilized for research on natural language processing, etc. and in recent years, employed especially for machine translation. The PoC testing will provide a sample of both parallel corpus and monolingual corpus created from timely disclosure documents and others, with the objective of using feedback from the participants of the PoC testing to verify the possible usability and applications of the data. TSE will also consider developing a service to distribute the data, based on the results of the PoC.

DIFC Offers Retailers Rent-Free Support

Date 16/04/2020

• All retailers based at DIFC-owned assets now benefit from a three-month rent-free period
• Newly approved package supports the extensive range of retailers based at Gate Avenue, Gate Village and Gate District
• Rent-free initiative for retailers reflects DIFC’s continued effort to limit the impact of the COVID-19 crisis on its tenants and entire business community

Japan Financial Services Agency Updated Information On COVID-19 (Novel Coronavirus)

Date 16/04/2020

Notice on Establishment of FSA Consultation Hotline Related to COVID-19

The FSA has established the Consultation Hotline Related to COVID-19 as outlined below. The purpose of the Hotline is to accept queries regarding to which contact point at financial institutions inquiries about COVID-19 should be directed, or consultations concerning transactions with financial institutions that have been impacted by COVID-19.

The FSA Consultation Hotline Related to COVID-19 is a toll-free line, so feel free to call for a consultation if you have concerns relate to transaction with financial institutions.

IMF Executive Board Approves Immediate Debt Service Relief For 25 Eligible Low-Income Countries

Date 16/04/2020

The Executive Board today approved relief on debt service for 25 member countries that are eligible for support from the Catastrophe Containmentand Relief Trust (CCRT); a further 4 countries are expected to request such relief in the coming weeks. The approval enables the disbursement of grants from the CCRT for repayment of total debt service falling due to the IMF over the next six months, with potential extensions, up to a maximum of full two years from April 14, 2020, subject to availability of sufficient grant resources. The initial relief provided to these countries amounts to SDR 157.1 million (US$213.4 million). Relief on debt service will free up scarce financial resources that now can be directed toward vital emergency medical and other relief efforts while these members combat the impact of the pandemic.

ASIC: Betting Over S&P/ASX 200 Index Highlights Failures In Controls

Date 15/04/2020

ASIC intervened when the betting agency Sportsbet began offering bets over the S&P/ASX 200 Index following concerns that the bets constituted a financial product that Sportsbet was not licensed to offer. The product was consequently withdrawn. 

IMF Adds Liquidity Line To Strengthen COVID-19 Response

Date 15/04/2020

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement:

“Today, our Executive Board approved the establishment of the Short-term Liquidity Line (SLL) to further strengthen the global financial safety net as part of the Fund’s COVID-19 response. The facility is a revolving and renewable backstop for member countries with very strong policies and fundamentals in need of short-term moderate balance of payments support. In these cases, the Short-term Liquidity Line will provide revolving access of up to 145 percent of quota."

Nadex Refrains From Listing Certain Contracts

Date 15/04/2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions:  

ISDA Announces Preliminary Results Of Consultation On Pre-cessation Fallbacks For LIBOR

Date 15/04/2020

ISDA has today announced preliminary results of its consultation on the implementation of pre-cessation fallbacks for derivatives referenced to LIBOR.

CFTC Swaps Report Update

Date 15/04/2020

CFTC's Weekly Swaps Report has been updated, and is now available.