News Centre

ISDA: Response To FSB On CCP Resolution Resources

Date 22/11/2023

On November 20, ISDA, FIA and the Institute of International Finance submitted a joint response to the Financial Stability Board (FSB) on its consultation on financial resources and tools for central counterparty (CCP) resolution. In the response, the associations express concern that the proposed approach leaves too much flexibility to resolution authorities, and call for more transparency and predictability on what may happen in a resolution scenario, including the tools resolution authorities may use and the circumstances and order in which resolution authorities would be likely to deploy those tools.

FSB Middle East And North Africa Group Discusses Regional Financial Stability Issues And Cross-Border Payments

Date 22/11/2023

The Financial Stability Board (FSB) Regional Consultative Group for the Middle East and North Africa (RCG MENA) met today in virtual format.

Unlock The Power Of Technology In Trading - A Mondo Visione Webinar, Wednesday, November 29, 2023, 14:00 GMT

Date 22/11/2023

Discover how new technology can revolutionise trading operations by reducing risk, broadening capabilities, and optimising workflows.

BIS: Firm Heterogeneity, Capital Misallocation And Optimal Monetary Policy

Date 22/11/2023

An inefficient allocation of capital across firms may significantly reduce total factor productivity (TFP). Monetary policy is an important driver of individual firms' investment decisions.

UK Financial Conduct Authority: Pension Value For Money

Date 22/11/2023

All pension savers need to be confident that their scheme delivers value regardless of where they’re invested. We know that short term cost can dominate decision making in the context of defined contribution (DC) schemes, and whilst cost matters investment choices also significantly impact consumer outcomes.

New Guide On Financing The Climate Transition Through Bonds Available For Companies - Guidance Published By EBRD, GCF And Climate Bonds Initiative

Date 22/11/2023

• New guide on issuing bonds to fund the climate transition now available 
• The guide supports corporate issuers on their climate transition journey 
• The guide is developed by EBRD and the Climate Bonds Initiative, funded by the Green Climate Fund (GCF) 

Remit And Recommendations For The Financial Policy Committee – November 2023 - Letter From The Chancellor To The Governor Of The Bank Of England

Date 22/11/2023

Published on 22 November 2023

LetterOpens in a new window

US Federal Agencies Extend Comment Period On Proposed Rule To Require Large Banks To Maintain Long-Term Debt

Date 22/11/2023

Federal bank regulatory agencies announced today that they will extend until January 16, 2024, the comment period on their long-term debt proposed rule to improve the resolvability of large banks and enhance financial stability. The agencies extended the comment period to allow interested parties more time to analyze the issues and prepare their comments.

ICE First Look At Mortgage Performance: Foreclosure Starts Rose In October, Despite Serious Delinquencies Returning To 17-Year Lows

Date 22/11/2023

• The national delinquency rate fell 3 basis points (bps) to 3.26% in October, marking a 9 bps (-2.8%) improvement from the same time last year
• Serious delinquencies (90+ days past due) fell to 447K, once again hitting their lowest levels since 2006
• Loans 30-days late also declined, marking the first such improvement in five months
• Despite the improvement in delinquencies, foreclosure starts rose to 33K in October, hitting their highest levels in 18 months – while the number of foreclosure sales (completions) remained relatively flat
• Active foreclosure inventory inched up 3K to 217K, but remains more than 25% below prepandemic levels
• While foreclosure starts rose in October, near term risk remains muted, with serious delinquencies historically low and more than 70% of such loans protected from foreclosure by loss mitigation efforts
• Prepay activity (measured as single-month mortality) dwindled to just 0.43% under continued seasonal pressure, despite interest rates easing somewhat from the prior month

Latibex Forum Highlights Latin America's Potential And Closes Its 25th Edition With More Than 250 Meetings Between Investors And Companies

Date 22/11/2023

• This year's edition highlighted the growing importance of sustainability in the investment sector and the opportunities that Latin America offers
• The Latibex Top index is up nearly 9% year-to-date and the Latibex Brazil index is up more than 11%