News Centre

US Office Of The Comptroller Of The Currency Requests Comments On Proposed Rulemaking And Policy Statement On Bank Mergers

Date 29/01/2024

The Office of the Comptroller of the Currency (OCC) today requested comment on a proposal to update its rules for business combinations involving national banks and federal savings associations. The proposal also includes a policy statement to clarify the OCC’s review of applications under the Bank Merger Act (BMA).

ISDA-Clarus RFR Adoption Indicator: Q4 2023 vs. Q4 2022

Date 29/01/2024

This is the final publication of the ISDA-Clarus Adoption Indicator, which was first published in July 2022. The indicator was developed by ISDA and Clarus Financial Technology to track how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference risk-free rates (RFRs) in eight major currencies. In this last report, ISDA provides a comparison of Q4 2023 vs. Q4 2022 trading activity instead of a monthly snapshot.

US Acting Comptroller Of The Currency Discusses Bank Mergers

Date 29/01/2024

Acting Comptroller of the Currency Michael J. Hsu today discussed improving transparency and trust in the bank merger process in remarks at the University of Michigan School of Business in Ann Arbor, Mich.

The EBA Seeks Inputs From Credit Institutions On The Classification Methodologies For Exposures To ESG Risks

Date 29/01/2024

The European Banking Authority (EBA) today launched an industry survey to receive input from credit institutions on their methodologies to classify exposures to environmental, social and governance (ESG) risks, as well as on the accessibility and availability of ESG data for this purpose. The objective of the survey is to collect qualitative information on credit institutions’ current practices to inform the EBA’s work on the feasibility of introducing a standardised methodology to identify and qualify exposures to ESG risks. The deadline to respond to the industry survey is 29 March 2024.

FESE Annual Statistical Report 2023 - A Summary Of FESE Members’ Trading Figures

Date 29/01/2024

Global Overview

2023 was a challenging year for the European economy. The continent faced multiple headwinds, including inflationary pressures and geopolitical uncertainties. These factors weighed on economic activity, leading to stagnant growth. Developments in European capital markets reflected these economic trends. Market capitalisation slowly increased while primary markets struggled and lit trading decreased.

LiquidityBook Appoints Trading Technology Industry Veteran Jason Morris As President - Morris, Former President Of Enfusion, To Become The Face Of LiquidityBook As It Looks To Expand In 2024

Date 29/01/2024

LiquidityBook, a leading provider of cloud-native buy- and sell-side trading solutions, is pleased to announce the appointment of Jason Morris as its new President. With an impressive track record in the industry and prior executive leadership roles, Morris brings a wealth of knowledge and expertise to the position. This new hire continues LiquidityBook’s growth strategy, which encompasses the full range of strategic hires throughout the organization, growth via M&A and enhancing products and services to more holistically serve a growing clientele.

ICE Reports Record Total Futures And Options Open Interest With Record Trading Activity In Global Commodities Markets

Date 29/01/2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest of 87.2 million contracts on January 25, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.5 million contracts.

FESE Capital Markets Fact Sheet Q4 2023

Date 29/01/2024

General developments

• Data provided by FESE Members illustrates a slight decline in market capitalisation for listed companies andSMEs,as well as yearly and quarterly turnover increases in most–but not all derivatives categories. Meanwhile, the number of bond trades surpasses previouslevels.
• Markets in 2023 have been reflective of a stagnant European economy. High interest rates may continue to have an impact on investors, but lower inflation may signal a more positive outlook in 2024.

ESMA Consults On Reverse Solicitation And Classification Of Crypto Assets As Financial Instruments Under MiCA

Date 29/01/2024

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today publishes two Consultations Papers on guidelines under Markets in Crypto Assets Regulation (MiCA), one on reverse solicitation and one on the classification of crypto-assets as financial instruments.

LTX By Broadridge Announces Four New Patents Covering Fixed Income Trading Innovations

Date 29/01/2024

LTX, a subsidiary of global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that it has been awarded four new patents on its fixed income trading innovations of bond similarity technology, dealer selection score technology, liquidity aggregation technology, and RFQ+ trading protocol. Together, these technologies serve to inform pre-trade decision-making and bring new efficiency to trade execution. The newly patented technologies enhance trade workflows, from bond discovery and selection and counterparty selection to e-trading of larger size orders and provide the potential for price improvement due to the participation of multiple responding parties.