News Centre

EBA Releases The Technical Package For Phase 2 Of Its 3.3 Reporting Framework

Date 17/07/2023

The European Banking Authority (EBA) published today the technical package for phase 2 of version 3.3 of its reporting framework. The technical package provides standard specifications and includes the validation rules, the Data Point Model (DPM) and the XBRL taxonomies for this phase of version 3.3.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With Turkish Minister Of Treasury And Finance Mehmet Şimşek And Central Bank Of The Republic Of Türkiye Governor Hafize Gaye Erkan

Date 17/07/2023

Today, U.S. Secretary of the Treasury Janet L. Yellen met with Turkish Minister of Treasury and Finance Mehmet Şimşek and Central Bank of the Republic of Türkiye Governor Hafize Gaye Erkan on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting. Secretary Yellen discussed with the Minister and the Governor Türkiye’s economic outlook and policy direction. They also discussed how Türkiye and the U.S. can work together, including in the G20, to address global economic issues and advance prosperity in our respective economies.  

EBA Notes A Decrease In EU Banks’ Asset Encumbrance Ratio During 2022

Date 17/07/2023

• The EU banking sector’s asset encumbrance weighted average decreased during 2022 with a ratio at 25.8%, close to the average pre-pandemic levels.
• EU banks limited their reliance on central bank funding as they gradually repaid central bank facilities. Repurchase agreements were the major source of encumbrance followed by covered bonds.
• There has been an increase in the amount in the amount of unencumbered central bank eligible assets and collateral increased by more than EUR 700bn to EUR 5tn.

Statement Of CFTC Commissioner Christy Goldsmith Romero On U.S. Treasury Markets, Global Markets Advisory Committee Meeting, New York (Appearing Virtually) July 17, 2023

Date 17/07/2023

I am pleased to welcome back the members of the Global Markets Advisory Committee.  I want to recognize Commissioner Pham for her sponsorship of the Committee, and thank the staff for organizing today’s meeting.  It’s exciting that GMAC could meet at the New York Stock Exchange.  I wish I could be there with you in New York.  However, I sponsor the Technology Advisory Committee that meets in Washington tomorrow.

US$742m Inflows Over The Last 4 Weeks, Investors Maintain Focus On Bitcoin - CoinShares: Fund Flows

Date 17/07/2023

• Digital asset investment products saw US$137m of inflows last week. Following a few late updates to prior weekly data, inflows for the last 4 weeks now total US$742m, representing the largest run of inflows since the final quarter of 2021.
• Bitcoin saw inflows totalling US$140m, comprising 99% of all inflows. While short bitcoin investment products saw a 12th week of outflows of US$3.2m.
• The recent price appreciation in Ethereum has not been followed with inflows, with US$2m outflows last week, remaining the asset with the most outflows year-to-date.

ETFGI Reports Assets Invested In The Global ETFs Industry Reached A Record US$10.51 Trillion At The End Of June

Date 17/07/2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in the global ETFs industry reached a record US$10.51 trillion at the end of June.   During June the global ETFs industry gathered US$103.06 billion in net inflows, bringing year to date net inflows to US$376.19 Bn. Year-to-date assets have increased 13.5%, going from $9.26 Tn at end of 2022 to $10.51 Tn, according to ETFGI's June 2023 global ETFs and ETPs 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)

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With European Commissioner For Economy Paolo Gentiloni

Date 17/07/2023

Today, U.S. Secretary of the Treasury Janet L. Yellen met with European Commissioner for Economy Paolo Gentiloni on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting. Secretary Yellen discussed the need to sustain robust economic and budgetary support for Ukraine and welcomed the European Commission’s recent multi-year Ukraine assistance proposal. In addition, Secretary Yellen raised multilateral development bank evolution and international tax.

CalPERS Benefits Education Event In Eureka

Date 17/07/2023

CalPERS is hosting a two-day CalPERS Benefits Education Event (CBEE) in Eureka in late-July to educate eligible public sector employees about the various programs, as well as retirement and health benefits, available to them as a CalPERS member.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With Deputy Prime Minister And Minister Of Economy And Finance Of The Republic Of Korea Choo Kyung-ho

Date 17/07/2023

Today, U.S. Secretary of the Treasury Janet L. Yellen met with Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea Choo Kyung-ho on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting. Secretary Yellen discussed macroeconomic and financial developments, as well as economic security and supply chain issues. Secretary Yellen also welcomed improving ties between Korea and Japan and the positive implications that has for the strong trilateral relationship between the United States, Korea, and Japan.

FSB Finalises Global Regulatory Framework For Crypto-Asset Activities

Date 17/07/2023

• Final recommendations incorporate learnings from events of the past year in crypto-asset markets and feedback received during the FSB’s public consultation.
• Framework is based on the principle of ‘same activity, same risk, same regulation’ and provides a strong basis for ensuring that crypto-asset activities and so-called stablecoins are subject to consistent and comprehensive regulation, commensurate to the risks they pose.
• The FSB and standard-setting bodies will continue to coordinate in promoting globally consistent regulation by considering the need for further guidance or standards and monitoring implementation status at jurisdictional level.