News Centre

SIFMA Statement On Debt Limit Suspension Vote

Date 31/07/2019

SIFMA today released the following statement from SIFMA president and CEO Kenneth E. Bentsen, Jr., expressing strong support for Senate passage of a bill to suspend the debt limit through July 2021. The House passed the legislation on July 18.

S&P Dow Jones Indices Europe Dashboard

Date 31/07/2019

• Accompanied by the drum of earnings beats, European equities ended July with modest gains. Contrasting with corporate profits, the International Monetary Fund reduced its global growth forecast, while the European Central Bank hinted at future stimulus and called for additional fiscal support. 
• The S&P Europe 350® gained on the month, led up by the Consumer Staples and Health Care Sectors, while the Materials Sector struggled. 
• Boris Johnson began his term as U.K. Prime Minister with demands for a renegotiation of the E.U. withdrawal agreement, issuing a threat to otherwise leave without one. The pound sterling swooned, pushing it down near its lowest in two years. On the other side of the negotiating table, Ursula von der Leyen was elected as the first female president of the European Commission.  

Federal Reserve Issues FOMC Statement

Date 31/07/2019

Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of household spending has picked up from earlier in the year, growth of business fixed investment has been soft. On a 12-month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed.

Remarks Of CFTC Commissioner Dan M. Berkovitz Before The National Cattlemen’s Beef Association, Denver, Colorado - Improving Price Discovery For Commercial Hedging

Date 31/07/2019

Thank you for that kind introduction.  I also want to thank Darryl Blakey and the National Cattlemen’s Beef Association (NCBA) for arranging this opportunity to speak to you and to visit beef production facilities here in Colorado.

NSE Indices Index Dashboard For The Month Ended July 2019

Date 31/07/2019

Click here to download NSE Indices Index Dashboard for the month ended July 2019.

EBA Launches Consultation On The Methodology To Determine The Weighted Average Maturity Of Contractual Payments Due Under The Tranche Of A Securitisation Transaction

Date 31/07/2019

The European Banking Authority (EBA) launched today a public consultation on draft Guidelines (GLs) on the determination of the weighted average maturity (WAM) of the contractual payments due under the tranche, as per the Capital Requirements Regulation (CRR) Article 257(1) (a). These draft GLs  aim at ensuring that the methodology applicable for the determination of the WAM for regulatory purposes is sufficiently harmonised in order to increase consistency and comparability in the own funds held by institutions.

Moscow Exchange: Final Settlement Price Of RUONIA Futures Contract

Date 31/07/2019

On 31 July 2019, the final settlement price of the RUONIA futures contract (RUON-7.19) was 92.74000.

EBA Issues Opinion On Measures To Address Macroprudential Risk Following Notification By Finnish FSA

Date 31/07/2019

The European Banking Authority (EBA) published today an Opinion following the notification by the Finnish Financial Supervisory Authority (FIN-FSA) of its intention to extend a measure introduced in 2017 regarding the use of Article 458 of the Capital Requirements Regulation (CRR). The measure is primarily driven by persistent macroprudential risks in the Finnish economy related to residential mortgage loans and residential mortgage indebtedness. Based on the evidence submitted, the EBA does not object to the extension of the proposed measure, which will be applied from 1 January to 31 December 2020.

SIX Has Licensed SARON Index To ICE Futures Europe

Date 31/07/2019

SIX, the leading index provider for the Swiss Market today announces that it has licensed the SARON (Swiss Average Rate Overnight) to the derivative exchange ICE Futures Europe („ICE“) as the underlying for futures contracts. On 29 July 2019, the SARON future from ICE, with a maturity of three months, has started trading. SARON represents the overnight interest rate of the secured money market in Switzerland and it is based on concluded transactions and binding quotes made on the regulated trading platform SIX Repo.

The UK Prudential Regulation Authority’s Approach To Enforcement - Speech By Miles Bake, Bank Of England Head Of Legal, Enforcement & Litigation Division, Given At The Financial Services Lawyers Association, London On 16 July 2019

Date 31/07/2019

In his speech, Miles Bake sets out the Prudential Regulation Authority’s (PRA) approach to enforcement. He explains how we use our enforcement powers and gives examples of when we have used them against firms and individuals in the past.