News Centre

ESMA Sets Out Approach On MiFIR Tick-Size Regime For Systematic Internalisers

Date 20/03/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is issuing a Public Statement to ensure coordinated supervisory actions by national competent authorities (NCAs) on the application of the new tick-size regime for systematic internalisers under the Markets in Financial Instruments Regulation (MiFIR) and the Investment Firms Regulation (IFR). This approach is needed in response to developments related to the COVID-19 pandemic and the related actions taken by the EU Member States.

Federal Reserve Board Expands Its Program Of Support For Flow Of Credit To The Economy By Taking Steps To Enhance Liquidity And Functioning Of Crucial State And Municipal Money Markets

Date 20/03/2020

The Federal Reserve Board on Friday expanded its program of support for the flow of credit to the economy by taking steps to enhance the liquidity and functioning of crucial state and municipal money markets. Through the Money Market Mutual Fund Liquidity Facility, or MMLF, the Federal Reserve Bank of Boston will now be able to make loans available to eligible financial institutions secured by certain high-quality assets purchased from single state and other tax-exempt municipal money market mutual funds.

ETFGI Reports Environmental, Social, And Governance (ESG) ETFs And ETPs Listed Globally Gathered 7.54 Billion US Dollars In Net Inflows During February 2020

Date 20/03/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that Environmental, Social, and Governance (ESG) ETFs and ETPs listed globally gathered net inflows of US$7.54 billion during February, bringing year-to-date net inflows to US$14.30 billion which is higher than the US$2.40 billion gathered at this point last year. Total assets invested in ESG ETFs and ETPs increased by 4.93% from US$64.79 billion at the end of January 2020 to a new record US$67.99 billion, according to ETFGI’s February 2020 ETF and ETP ESG industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted

Coordinated Central Bank Action To Further Enhance The Provision Of U.S. Dollar Liquidity

Date 20/03/2020

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to further enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

ESMA Clarifies Position On Call Taping UNDER MiFID II

Date 20/03/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is issuing a Public Statement to clarify issues regarding the application by firms of the MiFID II requirements on the recording of telephone conversations.

Joint Statement From US Market Trade Associations On Keeping Financial Markets Open Amid Coronavirus

Date 20/03/2020

The U.S. Chamber of Commerce along with the undersigned market trade associations issued the following statement on the importance of keeping U.S. financial markets open: 

“The U.S. financial markets are critical infrastructure to our nation, and they continue to function as designed despite the volatility caused by the coronavirus. Keeping all U.S. financial markets open is essential to the well-being of the general economy and vital to maintaining and bolstering investor confidence, particularly once the economy recovers from effects of this pandemic.”

UK Financial Conduct Authority Sets Out New Guidance For Mortgage Providers And For Lenders Taking Part In The Coronavirus Business Interruption Loan Scheme

Date 20/03/2020

The FCA has today published new guidance for mortgage lenders and administrators, and small business lenders. This supports the announcements made by the Chancellor earlier this week.

Moscow Exchange: Risk Parameters Change for The Security RU000A0JUW23 - Update

Date 20/03/2020

As per the Securities market risk parameters methodology, on 20.03.2020, 16-15 (MSK) the upper bound of the price band (up to 118.13) and initial margins (up to 19.5 %) for the security RU000A0JUW23 were changed. New values are available here

The World Federation Of Exchanges Responds To European Commission’s Consultation On Digital Resilience

Date 20/03/2020

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has responded to the EU Commission’s consultation paper on Digital Operational Resilience Framework for financial services: Making the EU financial sector more secure.

The Updated Coefficients For Moscow Exchange Indices To Come Into Force

Date 20/03/2020

The following coefficients for Moscow Exchange indices come into force from March 20, 2020: