News Centre

Readout: Financial Stability Oversight Council Meeting On December 16, 2022

Date 16/12/2022

Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive and public sessions at the U.S. Department of the Treasury (Treasury). 

ESMA: New Q&As Available

Date 16/12/2022

The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has updated the following Questions and Answers:

BIS: Central Banking After The Pandemic: Challenges Ahead

Date 16/12/2022

The 21st BIS Annual Conference took place in Basel, Switzerland, on 24 June 2022. The event brought together a distinguished group of central bank Governors, leading academics and former public officials to exchange views on the topic "Central banking after the pandemic: challenges ahead". The papers presented at the conference are released as BIS Working Papers, nos 1060, 1061, 1062 and 1063.

BIS: The Burst Of High Inflation In 2021–22: How And Why Did We Get Here?

Date 16/12/2022

Summary

Focus 

The current institutional arrangements for monetary policy delivered more than two decades of low and stable inflation.

BIS: London As A Financial Centre Since Brexit: Evidence From The 2022 BIS Triennial Survey

Date 16/12/2022

Key takeaways

• Historically, London has enjoyed an outsized role in euro-denominated financial transactions. We examine the latest evidence on whether Brexit has affected its central role in trading of interest rate derivatives, foreign exchange, international banking and bond underwriting.
• The 2022 BIS Triennial Central Bank Survey shows that London remains dominant in FX trading, but has lost share in euro interest rate swaps to euro area centres after five Surveys showing gains.
• London retains its pre-eminence in international banking, but its banking ties to the euro area have loosened in part owing to the shift of euro repo clearing from London to Paris.

Impianti S.p.A. Lists On Euronext Growth Milan

Date 16/12/2022

• 23rd listing of 2022 on Euronext Growth Milan

• Impianti S.p.A. brings the total number of companies listed on Euronext Growth Milan to 187

• 80th listing on Euronext in 2022

• Total placement volume of the offering equal to €2 million

BIS: Cryptocurrencies And Decentralised Finance (DeFi)

Date 16/12/2022

Summary

Focus 

Historically, financial intermediaries have been the key nodes in the financial system that control the accuracy of customer accounts, perform bookkeeping functions and ensure that unauthorised persons do not have access to an account. But recent advances in technology have enabled, in the form of decentralised finance (DeFi), a new form of intermediation in crypto markets that aims to cut out the middle men and reduce transaction costs. The key elements of the DeFi ecosystem are novel automated protocols on blockchains, ie forms of permissionless distributed ledger in which details of transactions are held in the ledger in the form of blocks of information.

Nigerian Exchange Weekly Market Report For December 16th 2022

Date 16/12/2022

A total turnover of 814.089 million shares worth N12.204 billion in 15,488 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.225 billion shares valued at N15.243 billion that exchanged hands last week in 15,317 deals.

EBA Standardises Information Requirements To Support Sales And Transfers Of Non-Performing Loans

Date 16/12/2022

• The EBA introduces information standardisation to increase the efficiency of secondary markets for sales of non-performing loans (NPL) and to reduce entry barriers for smaller banks and smaller investors.
• The proposed NPL transaction data templates are built on previous voluntary templates and consider the experience of market participants from the sell- and buy-side and other stakeholders.
• The NPL transaction data templates are the linchpin for numerous initiatives under the December 2020 European Commission’s action plan for NPL in the aftermath of the COVID-19 pandemic.

BIS: Governors And Heads Of Supervision Endorse Global Bank Prudential Standard For Cryptoassets And Work Programme Of Basel Committee

Date 16/12/2022

• The Basel Committee's oversight body endorses a global prudential standard for banks' exposures to cryptoassets, for implementation by 1 January 2025.
• Endorses the Committee's work programme and strategic priorities for 2023–24.
• The programme prioritises work on emerging risks and vulnerabilities, digitalisation, climate-related financial risks and Basel III implementation.