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BIS: Private Debt, Monetary Policy Tightening And Aggregate Demand

Date 24/02/2023

Key takeaways

• Monetary policy is tightening globally while private debt levels stand at historical highs. When private debt to GDP is high, aggregate demand may be more sensitive to interest rate hikes.
• Yet, after a decade of low rates, the maturity of private debt has generally lengthened, the prevalence of variable rates has fallen, and household net worth has increased. This should counteract the higher demand sensitivity stemming from elevated debt.
• Both the level and composition of private debt are important factors, although not the only ones, for the calibration of monetary policy in the current economic environment.

Nigerian Exchange Weekly Market Report For February 24th, 2023

Date 24/02/2023

A total turnover of 799.848 million shares worth N29.354 billion in 14,194 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 751.990 million shares valued at N20.575 billion that exchanged hands last week in 15,822 deals

gfundassets.com: BaFin Investigates GFund Assets

Date 24/02/2023

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) would like to make clear that GFund Assets does not have authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin. The information provided on the company’s website, gfundassets.com, gives reasonable grounds to suspect that GFund Assets is conducting banking business and providing financial services in Germany without the required authorisation.

Back To 2% inflation? - Slides By Silvana Tenreyro, Bank Of England, Member Of The Monetary Policy Committee, From The Conference In Honor Of Guillermo Calvo, Columbia University, New York

Date 24/02/2023

Slides

Discussion Of The Paper "Managing Disinflations" By Stephen G. Cecchetti, Michael E. Feroli, Peter Hooper, Frederic S. Mishkin, And Kermit L. Schoenholtz, Federal Reserve Governor Philip N. Jefferson, At The U.S. Monetary Policy Forum, New York, New York

Date 24/02/2023

Thank you very much for inviting me to discuss this paper. It is a timely review for central bankers charged with lowering inflation to targets or, in the terminology of the authors, managing disinflation. I really enjoyed reading it. Before I begin, let me remind you that the views I will express today are my own and not necessarily those of the Federal Open Market Committee (FOMC) or the Federal Reserve System.

The SEC's Attempt To Detoxify An Entangled Industry Value Chain: Kelvin To, Founder And President , Data Boiler Technologies, LLC

Date 24/02/2023

The SEC’s 1,656 pages of complicated proposals interact with the existing ruleset, pending proposals, and each other. We assess their implications through the lens of 4Vs – i.e., Volume, Velocity, Veracity, and Variety. The result is an upside-down smile curve shifting downward, largely resembling the existing shape (i.e., remain status quo) of a “frown”. The Commission’s prescription is the wrong medicine to untangle the industry value chain. Our testimonials:

MIAX Wins Multiple Industry Awards For Trading Technology And Innovation

Date 24/02/2023

Miami International Holdings, Inc., owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), The Bermuda Stock Exchange (BSX), and Dorman Trading LLC, announced today that MIAX has been named the "Best Trading Platform" at the Fund Intelligence Operations and Services Awards 2023.

OCC Welcomes Jefferies Executive Joseph Lewis To Board Of Directors

Date 24/02/2023

OCC, the world's largest equity derivatives clearing organization, today announced the appointment of Joseph Lewis, Managing Director, Co-Head of Corporate Hedging and FX Solutions at Jefferies, to its Board of Directors. Lewis brings more than 20 years of experience in interest rate and foreign exchange derivatives.

U.S. Department Of The Treasury: Targeting Key Sectors, Evasion Efforts, And Military Supplies, Treasury Expands And Intensifies Sanctions Against Russia

Date 24/02/2023

• Actions Taken in Coordination with G7
• Metals and Mining Determination Enables Targeting of Putin Revenue Source
• Wide Array of Evasion-Related Targets Exposed

ICE’s Global Commodity And Energy Markets Reach Record Open Interest Across Futures And Options

Date 24/02/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record open interest across its global commodities and energy futures and options markets.