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FTSE Mondo Visione Exchange's Index Up 3.8% In December, Up 11.2% In Fourth Quarter and 16% Over 2023

Date 18/01/2024

December saw an increase of 3.8% in the FTSE Mondo Visione Exchange Index, building on the previous month's positive momentum. This boost can be attributed to decreased inflation and a promising economic outlook for the upcoming year. However, it's important to note that the market remains exposed to geopolitical risks, including military conflicts and the potential economic ramifications of expansion. These factors can introduce higher volatility, disrupt supply chains, and create market instability.

ETFGI Reports Assets Invested In The ETFs Industry In The United States Reached A New Milestone Of US$8.12 Trillion At The End Of 2023

Date 18/01/2024

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports assets invested in the ETFs industry in the United States reached a new milestone of US$8.12 trillion at the end of 2023. ETFs industry in the US reported net inflows of US$130.02 billion during December, bringing 2023 net inflows to US$603.98 billion. Assets increased 24.7% in 2023, going from US$6.51 trillion at end of 2022 to US$8.12 trillion, according to ETFGI's December 2023 US ETFs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

US Acting Comptroller Of The Currency Discusses Bank Liquidity Risk

Date 18/01/2024

Acting Comptroller of the Currency Michael J. Hsu today issued remarks on bank liquidity risk at Columbia University Law School in New York. In his remarks, Mr. Hsu discussed the characteristics of recent bank runs and lessons learned from recent bank failures. He also discussed a targeted regulatory approach to better classify higher risk deposits, cover acute short-term outflows, and mitigate contagion risk.

ISDA Launches Digital Version Of 2002 ISDA Equity Derivatives Definitions

Date 18/01/2024

ISDA has launched a fully digital edition of the 2002 ISDA Equity Derivatives Definitions on the ISDA MyLibrary platform, enabling new versions to be released more efficiently as products and market practices evolve in the future.

Canadian Securities Regulators Seek Feedback On Rules For Public Investment Funds Holding Crypto Assets

Date 18/01/2024

The Canadian Securities Administrators (CSA) today published for comment a set of proposed regulatory requirements for public investment funds that seek to invest in crypto assets.

The EBA Consults On Guidelines On The Management Of ESG Risks

Date 18/01/2024

The European Banking Authority (EBA) today launched a public consultation on draft Guidelines on the management of Environmental, Social and Governance (ESG) risks. The draft Guidelines set out requirements for institutions for the identification, measurement, management and monitoring of ESG risks, including through plans aimed at addressing the risks arising from the transition towards an EU climate-neutral economy. The consultation runs until 18 April 2024.

FSB Examines Italy’s Progress In Reducing Non-Performing Loans In Its Banking Sector

Date 18/01/2024

• Peer review reports success by the Italian authorities in reducing non-performing loans (NPLs) on bank balance sheets, developing the secondary NPL market and improving the domestic legal and institutional framework.
• Additional steps that can be taken to improve the management of NPLs in the banking sector include maintaining a robust secondary market for NPL disposal and further improving the efficiency of insolvency, debt restructuring and enforcement.

EBA Consults On Amending The Data Collection For The Benchmarking Exercise In 2025

Date 18/01/2024

The European Banking Authority (EBA) today published a consultation paper amending the Implementing Regulation on the benchmarking of credit risk, market risk and IFRS9 models for the 2025 exercise. The most significant change is in the market risk framework, where the EBA is proposing brand new templates for the collection of the internal model approach (IMA) risk measures under the fundamental review of the trading book (FRTB). For credit risk only minor changes are being proposed. This consultation runs until 27 March 2024.

UK Banks Lag US Banks In Innovation – Only 290 Patents Filed In The Last Decade

Date 18/01/2024

The UK’s biggest banks have filed just a fraction of the patent applications of their American counterparts over the last 10 years, with the top five UK banks collectively applying for just 290 patents while the top 3 US banks collectively applied for 5,027, says intellectual property law firm Mathys & Squire.

MNI Indicators: Chicago Business Barometer™ - December Adjusted Higher - Stronger Activity in Q3-202

Date 18/01/2024

The Chicago Business BarometerTM, produced with MNI, was revised up to 47.2 in December from 46.9, as result of the annual seasonal adjustment recalculation.