News Centre
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EBA Sees First Impact Of COVID-19 Materialising In EU Banks’ Q1 Data
Date 30/07/2020
The European Banking Authority (EBA) published today its quarterly Risk Dashboard together with the results of the Risk Assessment Questionnaire (RAQ). The updated data shows that the impact of COVID-19 was mainly reflected in a contraction of banks’ capital ratios and profitability, the cost of risk increased, whereas non-performing loans (NPL) ratios remained stable, confirming that the impact of the pandemic on asset quality can be delayed. The EBA also published a thematic note on leveraged finance, which highlights that the expansion of this market segment in recent years has come along with a significant easing of credit standards.
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CFTC Market Risk Advisory Committee Approves Subcommittee’s Single-Step Transition Recommendations At Public Meeting
Date 30/07/2020
The Commodity Futures Trading Commission’s Market Risk Advisory Committee (MRAC) approved recommendations regarding the scheduled October 2020 transition of discounting and price alignment interest for certain products to the secured overnight financing rate (SOFR), otherwise known as the “Single-Step Transition,” at its July 21, 2020 public meeting. Commissioner Rostin Behnam is the sponsor of MRAC.
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The Bank Of England Appoints Accenture As The Technology Delivery Partner For The Real Time Gross Settlement Service Renewal Programme
Date 30/07/2020
The Bank of England will work with Accenture to develop and build this new world class payments service.
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Intercontinental Exchange Approves Third Quarter Dividend Of $0.30 Per Share
Date 30/07/2020
Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today a $0.30 per share dividend for the third quarter of 2020, which is up 9% from the $0.275 per share dividend paid in the third quarter of 2019. The cash dividend is payable on September 30, 2020 to stockholders of record as of September 16, 2020. The ex-dividend date is September 15, 2020.
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IMF Executive Board Approves New Central Bank Transparency Code
Date 30/07/2020
On July 2nd, the Executive Board of the International Monetary Fund (IMF) approved the new IMF Central Bank Transparency Code (CBT). The development of the CBT follows on the Board’s direction in April 2019 to update the 1999 Monetary and Financial Policies Transparency Code, and bring it in line with the recommendations of the 2017 Joint Review of the Standards and Codes Initiative, indicating the need for risk-based assessments to support policy effectiveness and address macroeconomic risks.
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Intercontinental Exchange Reports Strong Second Quarter 2020
Date 30/07/2020
- Second quarter revenues of $1.4 billion, +8% y/y
- GAAP diluted EPS of $0.95, +13% y/y
- Adj. diluted EPS of $1.07, +14% y/y
- Operating margin of 53%; Adj. operating margin of 59%
- Operating income +10% y/y; Adj. operating income +8% y/y
- Through June 30, 2020, returned $1.4B to stockholders
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EDM Council Launches Cloud Data Management Work Group To Develop Best Practice Framework To Accelerate Cloud Adoption
Date 30/07/2020
EDM Council, the leading trade association for data management, has launched the Cloud Data Management Capabilities (CDMC) Best Practices Work Group. This new group includes participation from Amazon Web Services (AWS), Google Cloud, IBM Cloud, and Microsoft Azure, as well as over 20 leading financial industry firms. The Work Group has been formed to develop an open source CDMC Best Practice Framework to accelerate Cloud adoption and automate the associated controls. The EDM Council Work Group is being co-chaired by Morgan Stanley and Refinitiv, with project management provided by Capco.
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MayStreet Expands Cash Treasury Offering With The Addition Of Fenics Data
Date 30/07/2020
MayStreet, the industry’s leading market data infrastructure provider, today announced it has added Fenics USTreasuries (Fenics UST) to its US cash treasury data portfolio. Owned and operated by BGC Financial, L.P., Fenics UST is a low-latency, fully electronic U.S. Government securities trading venue that delivers displayed liquidity calibrated to the industry’s tightest tick increments.
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Adroit Trading Technologies Partners With GLMX To Streamline Workflows For Global Repo Markets
Date 30/07/2020
Adroit Trading Technologies, LLC (Adroit) and GLMX Technologies, LLC (GLMX) have formed a strategic alliance that integrates Adroit’s multi-asset order and execution management system (O/EMS) with GLMX’S electronic securities financing trading platform. The new connectivity streamlines securities financing workflows, enabling clients to access real-time trading workflow tools on both platforms and delivering unique capabilities and insights.
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Transact Bank Establishes Commercial Payments Focus With Flexible Core Platform From Fiserv - Bank Transforms To Meet Market Need For Domestic And Cross-Border Money Movement
Date 30/07/2020
Transact Bank, based in Denver, Colorado, is enabling its new focus on the financial needs of domestic and cross-border businesses with core account processing technology from Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions.
