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Bellwethers Of The Economy: The Need To Engage With Corporate Treasurers To Shape Our Markets - Speech By Nikhil Rathi, UK Financial Conduct Authority Chief Executive, Delivered At The Association Of Corporate Treasurers Annual Conference 2024

Date 21/05/2024

Highlights

• Regulators want and need engagement from corporate treasurers – who are a bellwether for what is really going on in the economy and the direct impact of regulation.
• The FCA’s wide ranging package of reforms is aimed at reducing burdens and barriers to raising finance as well as supporting the risk appetite in the economy that enables firms to secure the capital they need for investment.
• Innovations such as T+1 and a Digital Securities Sandbox are designed to make our markets and transactions more efficient and transparent, reducing the cost of capital for corporates.

Federal Reserve Board Issues Economic Well-Being Of U.S. Households In 2023 Report

Date 21/05/2024

The Federal Reserve Board on Tuesday issued its Economic Well-Being of U.S. Households in 2023 report, which examines the financial circumstances of U.S. adults and their families. Overall, the report shows that financial well-being was nearly unchanged from 2022 as higher prices remained a challenge for most households and workers continued to benefit from a strong labor market.

Transition In Action Agri-Food Report Unveils Strategies For Sustainable Finance In The Agri-Food Sector

Date 21/05/2024

Today, Climate Bonds Initiative (Climate Bonds) announces the release of its highly anticipated report, ‘Transition in Action Agri-Food’. This comprehensive document delves into the intricate landscape of sustainable finance within the Agriculture, Forestry and Other Land Use (AFOLU) sector, offering key insights and strategies to both real economy actors and financial institutions for driving systemic change.

ISDA derivatiViews: An Important Step For India’s Margin Rules

Date 21/05/2024

When Group-of-20 (G-20) leaders agreed an outline of the post-crisis regulatory framework in Pittsburgh in 2009, they were very clear that global standards should be implemented consistently in a way that ensures a level playing field and avoids fragmentation of markets. That has not always been the case in practice, but the Reserve Bank of India (RBI) recently finalized initial margin (IM) requirements for non-cleared derivatives that adhere closely to the spirit of that G-20 edict, enhancing the efficiency and competitiveness of the local market.

Nadex Product Schedule For The 2024 US Memorial Day Holiday On Monday, May 27, 2024

Date 21/05/2024

Nadex will observe the following modified holiday schedule:

Monday, May 27, 2024: The Exchange will open at its regular time at 6:00pm ET on Sunday evening for trade date Monday, May 27, 2024. The Exchange will list a limited offering of contracts and will close at 5:00pm ET. Contracts will be listed as follows:

Balancing The Productivity Opportunities Of Financial Technology And AI Against The Potential Risks − Speech By Randall S. Kroszner, Bank Of England, External Member Of The Financial Policy Committee, Given At City Week 2024

Date 21/05/2024

Recent developments in technology and artificial intelligence (AI) provide huge potential for innovation and productivity growth. But they also create new financial stability risks. In this speech, Randy will outline the distinction between fundamentally disruptive versus more incremental innovation and the different regulatory challenges with dealing with these two types of change. He will also discuss the importance of the Financial Policy Committee and Financial Market Infrastructure Committee thinking about these issues in the context of both their primary and secondary objectives. 

Join ACER-FSR Policy Conference: Power System Flexibility, Demand Response And The Role Of Consumers In Achieving Energy Goals (12 June 2024) At The EU Sustainable Energy Week 2024

Date 21/05/2024

"Little By Little, Progress Seems To Be Resuming" - Speech By US Federal Reserve Board Governor Christopher J. Waller, At The Peterson Institute For International Economics, Washington, D.C.

Date 21/05/2024

Thank you, Adam, and thank you for the opportunity to speak to you today.1 The Peterson Institute is renowned for its valuable contributions to research and its influence on economic policy. There really is no better place for a central banker to come and talk about the outlook for the U.S. economy and the implications for monetary policy. It truly is a pleasure to be here. Peterson was also the host for my first speech as a governor back in early 2021, which unfortunately, was virtual.2 So, after an eventful three years, it's nice to be back and in person.

CME Group Expands Fixed Income Offerings With Launch Of Corporate Bonds And Mortgage-Backed Securities On BrokerTec Quote

Date 21/05/2024

CME Group, the world's leading derivatives marketplace, today announced that it will continue its expansion into the fixed income markets by launching repo on corporate bonds and mortgage-backed securities (MBS) on BrokerTec Quote, its dealer-to-client (D2C) request-for-quote (RFQ) trading platform. U.S. corporate bonds began trading on May 20, 2024, with the remaining products live by the end of June. Additionally, CME Group's U.S. credit futures will begin trading on June 17, 2024.

MiFIR Review: ESMA Consults On Three New Technical Standards

Date 21/05/2024

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching today a public consultation on non-equity trade transparency, reasonable commercial basis (RCB) and reference data under the Markets in Financial Instruments Regulation (MiFIR) review. ESMA’s proposals aim at enhancing the information available to stakeholders by improving, simplifying and further harmonising transparency in capital markets.