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  • Joachim Nagel To Join The BIS As Deputy Head Of Banking

    Date 20/05/2020

    • Joachim Nagel sits on the Executive Board of Germany's KfW Bank
    • Former member of the Executive Board of the Deutsche Bundesbank
    • Five-year term begins on 1 November 2020

  • Moscow Exchange: Risk Parameters Change For The Security SU46012RMFS9

    Date 20/05/2020

    As per the Securities market risk parameters methodology, on 20.05.2020, 18-22 (MSK) the upper bound of the price band (up to 166.432) and initial margins (up to 50 %) for the security SU46012RMFS9 were changed. New values are available here

  • BIS: EME Bond Portfolio Flows And Long-Term Interest Rates During The Covid-19 Pandemic

    Date 20/05/2020

    Key takeaways

    • Bond portfolio outflows from emerging market economies (EMEs) are typically associated with currency depreciation and rising domestic long-term interest rates. This relationship asserted itself in a particularly stark way during the Covid-19 crisis in mid-March 2020.
    • The relationship between bond portfolio outflows and long-term rates varies across EMEs, depending on factors such as bond market depth, FX market functioning and sovereign risk. The impact of these factors on the relationship has been thrown into sharper relief during the Covid-19 pandemic.
    • Recent policy responses, such as bond purchase programmes, duration swaps and efforts to stabilise exchange rates, can play an important role in maintaining financial stability in EMEs when they face bond outflows. Policy measures to develop deep and liquid bond markets and strengthen the resilience of local currency bond and FX markets are likely to enhance market functioning in the longer term.

  • EBA Publishes Report On Interlinkages Between Recovery And Resolution Planning

    Date 20/05/2020

    The European Banking Authority (EBA) publishes today a Report, which assesses interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD), with the aim of enhancing synergies between the two phases and ensuring consistency in their potential implementation.

  • BIS: The Drivers Of Cyber Risk

    Date 20/05/2020

    Focus

    Information technology (IT) has become indispensable, underpinning economic growth over the past decades. As organisations of all sizes in both the public and private sector become ever more interconnected and reliant on IT products and services such as cloud-based systems and artificial intelligence, they are increasingly exposed to cyber risks - the risk of financial loss, disruption or reputational damage to an organisation resulting from the failure of its IT systems. These episodes include malicious cyber incidents (cyber attacks) where the threat actor intends to do harm (eg ransomware attacks, hacking incidents or data theft by employees).