News Centre

The Weekend Starts Here − Speech By Dave Ramsden, Bank Of England, Deputy Governor, Markets And Banking Given At Deloitte, London

Date 15/12/2023

Dave Ramsden looks back on a significant year for the Bank of England as the UK’s resolution authority, including the failures of Silicon Valley Bank and Credit Suisse in March, and reflects on the importance of operational readiness, enhancing readiness and ensuring resolvability

U.S. Department Of The Treasury, IRS Release Guidance To Drive American Innovation, Cut Aviation Sector Emissions - Biden-Harris Administration Partners Announce Updated GREET Model To Measure Lifecycle Emissions From Sustainable Aviation Fuels To Be Released In Early 2024

Date 15/12/2023

 Today the U.S. Department of the Treasury and Internal Revenue Service (IRS) released guidance on the Sustainable Aviation Fuel (SAF) Credit established by the Inflation Reduction Act (IRA), part of President Biden’s Investing in America agenda to create good-paying jobs and reduce climate pollution by spurring innovation in the aviation industry.  

IOSCO Publishes Its Recommendations On Accounting For Goodwill

Date 15/12/2023

The Board of the International Organization of Securities Commissions (IOSCO) has today published its report “Recommendations on Accounting for Goodwill” for issuers, audit committees (or those charged with governance), and external auditors aimed at enhancing the reliability, faithful representation and transparency of goodwill recorded and disclosed in the financial statements.

ICE Reports Record Total Futures And Options Open Interest Of 86 Million Contracts

Date 15/12/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that its global futures and options markets reached record open interest of 86 million contracts on December 13, 2023, surpassing the record last set on June 10, 2021.

ESMA: New Q&As Available

Date 15/12/2023

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers on the following topics:

• Benchmarks Regulation (BMR)
• MiFID II and MiFIR investor protection and intermediaries topics
• the European crowdfunding service providers for business Regulation

Malawi Stock Exchange Weekly Summary, 15 December 2023

Date 15/12/2023

Click here to download Malawi Stock Exchange's weekly summary.

Bank Of England - Asset Purchase Facility: Gilt Sales – Market Notice 15 December 2023

Date 15/12/2023

At its September 2023 meeting, the MPC voted to reduce the stock of gilts held in the APF for monetary policy purposes by £100 billion over the period from October 2023 to September 2024, to a total of £658 billion. The Bank set out in the consolidated APF gilt sales Market Notice published on 1 September 2022 that it would publish a quarterly schedule for the sales of gilts held in the APF for monetary policy purposes. The details and schedule for the Q1 2024 sales of such gilts are set out in this Market Notice which covers the period from 8 January 2024 to the week commencing 25 March 2024.

ESMA Consults On Potential Changes To The CSDR Penalty Mechanism

Date 15/12/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Consultation Paper on Technical Advice to the European Commission on the CSDR penalty mechanism. The consultation runs until 29 February 2024.

IOSCO Statement On Online Harm

Date 15/12/2023

Background

Online harm1 can take many forms, encompassing, for example, the inappropriate online promotion of risky investments, misleading statements made in advertisements or social media content, and fraudulent and illegal online activity or other investment scams, including those involving digital assets. While the misconduct patterns might be familiar, the ease of such online misconduct and the borderless nature of the online environment present new and growing challenges as novel forms of crypto-asset or technology-based fraud are increasing. The growing sophistication in the application of artificial intelligence (AI) to all facets of society has the dual potential of magnifying the scale and impact of harmful online activities and providing new and powerful ways for regulators to detect, deter and disrupt such activities.

FESE Response To The ESMA Call For Evidence On Shortening The Settlement Cycle

Date 15/12/2023

FESE believes reducing the settlement cycle from T+2 to T+1 should be closely coordinated among regulators, market participants, and Financial Market Infrastructures (FMIs). From a technical perspective, Trading Venues can potentially support any “T+n” settlement cycles (with an appropriate adaptation timeline). However, operational readiness can be challenging for some market participants. FESE Members are ready to support and follow their customers if a shift to T+1 materialises.