News Centre

BIS: Prudential Treatment Of Cryptoasset Exposures – Executive Summary

Date 31/05/2023

The rapid evolution of cryptoassets and their growing interaction with mainstream finance could raise financial stability concerns and accentuate the microprudential risks of banks. Although the cryptoasset market remains small relative to the size of the global financial system and banks' exposures to cryptoassets are currently limited, the market's absolute size is still meaningful. Moreover, certain cryptoassets have exhibited a high degree of volatility and may intensify risks for banks as exposures increase, including credit, market, liquidity and operational (including fraud and cyber) risks; money laundering/terrorist financing risks; and legal and reputation risks.

ESMA: Amended Rules For Transparency Calculations To Start Applying On 5 June 2023

Date 31/05/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today informs stakeholders that the amended RTS 1 and RTS 2, under MiFIR, will start applying on 5 June 2023. Some of the amendments will have an impact on the transparency calculations for equity, equity-like and non-equity instruments.

BIS - Climate Risks: Scenario Analysis – Executive Summary

Date 31/05/2023

Scenario analysis is a key tool to assess financial risks arising from climate change, as standard risk modelling cannot adequately capture the unprecedented nature of climate risks1 and the inherent uncertainty of future climate-related events. To help central banks and supervisors, the Network for Greening the Financial System (NGFS) published a guide on how to use scenario analysis to assess climate risk impacts. It has also published reference scenarios that are increasingly used by public and private sector players to analyse climate-related financial risks.

Consultation On Revised Guidelines On Money Laundering And Terrorist Financing (ML/TF) Risk Factors (EBA/CP/2023/11)

Date 31/05/2023

The European Banking Authority (EBA) launched today a public consultation on amendments to its Guidelines on money laundering and terrorist financing (ML/TF) risk factors. The proposed changes extend the scope of these Guidelines to crypto-asset service providers (CASPs). The consultation runs until 31 August 2023.

citytrade.group: BaFin Investigates Citytrade PLC

Date 31/05/2023

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) warns consumers about the company Citytrade PLC and the services it is offering. BaFin has information that the company is providing financial and investment services on its website citytrade.group without the required authorisation.

BME Submits Entries From Vytrus, Sngular, Arteche And Opdenergy For The European Small and Mid-Cap Awards

Date 31/05/2023

Four Spanish companies, three from BME Growth (Vytrus, Sngular and Arteche) and one from the main market (Opdenergy) will compete for the European Small and Mid-Cap Awards. The nominations, presented by BME, were announced today during the second day of the Medcap Forum, the benchmark meeting between investors and small and medium-sized Spanish listed companies. The event was attended by more than 120 investors, 25% international, and 110 companies.

ETFGI Reports Assets Invested In Digital Asset ETFs And ETPs Listed Globally Have Increased 63% Year-To-Date In 2023

Date 31/05/2023

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in digital asset ETFs and ETPs listed globally have increased 63% year-to-date in 2023.  Net inflows during April were US$121 Mn, bringing year-to-date net inflows to US$98 Mn, which is significantly lower than US$314 Mn in net inflows at this point last year, according to ETFGI’s April 2023 ETF and ETP digital asset 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.)

Finansinspektionen: Stability In The Financial System (2023:1)

Date 31/05/2023

Since the publication of the stability report last autumn, inflation has slowed somewhat in the large economies but is still significantly higher than the central banks’ inflation targets. Monetary policy has therefore been tightened further, and interest rates continued to rise. High inflation and rising interest rates mean that the forecasts for global economic development continue to be weak.

Testimony Of US Assistant Secretary For Investment Security Paul Rosen Before The Committee On Banking, Housing And Urban Affairs Committee, U.S. Senate

Date 31/05/2023

Good morning, Chairman Brown, Ranking Member Scott, and Members of the Committee.

Thank you for the opportunity to speak with you today about this important national security issue. 

LME Consults On Proposals To Enhance Stocks And Pricing Transparency

Date 31/05/2023

• Extending stock reporting to all metal eligible for LME warranting
• Making permanent existing controls to manage low stock environments
• Evolving the Closing Price methodology to enhance determinism in price discovery