News Centre

SIX Swiss Stock Exchange: Index Adjustments On The Occasion Of The Ordinary Index Review

Date 12/07/2022

SIX has decided to make changes to the index baskets on the basis of a recommendation from the Index Commission and in compliance with the SMI®, SLI®, SPI® and SXI® index rules. The indices will be adjusted on 16 September 2022 after closing. The adjustment takes effect on 19 September 2022.

BIS: Basel Committee Finds European Union Largely Compliant With Its Net Stable Funding Ratio And Large Exposures Framework Global Standards

Date 12/07/2022

• Basel Committee publishes assessment reports on the implementation of the Net Stable Funding Ratio and large exposures framework in the European Union.
• Assessments find European regulations largely compliant with the Basel Committee's global standards. 
• These publications form part of the Committee's Regulatory Consistency Assessment Programme.

Deutsche Börse Group: Business Indicators For June 2022

Date 12/07/2022

A summary of Deutsche Börse Group's business indicators for June 2022 is now available on the Deutsche Boerse website:

U.S. Office Of Financial Research: How Would Introducing A CBDC Affect The Stability Of The Banking System?

Date 12/07/2022

Today, the U.S. Office of Financial Research published a working paper, "Central Bank Digital Currency: Stability and Information." The working paper looks at how introducing a central bank digital currency (CBDC) would affect the banking system's stability.

BIS - Counting The Cost Of Payout: Constraints For Deposit Insurers In Funding Bank Failure Management

Date 12/07/2022

In the liquidation of a failed bank, the deposit insurer often pays out insured depositors. However, orderly bank failure management may benefit from the use of deposit insurance funds to help finance measures such as transfers of deposits and any viable business to another bank, as an alternative to payout. To protect the deposit insurance fund from excessive depletion, such financial support is usually subject to quantitative constraints, typically least cost requirements or caps on the amount that the deposit insurer can provide in a single case. In some frameworks, those constraints can be overridden in systemic cases. This paper analyses such quantitative constraints in a sample of 13 jurisdictions, and finds significant variations in their design, stringency and the availability of systemic exceptions. A key difference relates to jurisdictions' methodologies for calculating the cost of payout, which may predispose the framework towards certain outcomes in a choice between payout and alternative measures. On the basis of these observations, the paper offers conclusions that may help policymakers benchmark their approach to the use of deposit insurance funds in bank failure management.

US Treasury Calls For Large Position Reports

Date 12/07/2022

The U.S. Department of the Treasury is calling for Large Position Reports from those entities whose positions in the 1-1/2% Treasury Note of February 2024 equaled or exceeded $5.2 billion as of Thursday, March 24, 2022, or Friday, April 1, 2022.

Matba Rofex Group Acquires Lumina Americas, Expanding Its Technology Offerings In Latin America - Through The Acquisition Of Lumina Americas, MtR Accelerates Its Strategy To Provide Infrastructure And Solutions To The Capital Markets In The Region

Date 12/07/2022

The pandemic has led to a surge in the region's capital markets. Besides being one of the leading futures exchanges in the region, Matba Rofex also has a growing technology vertical that serves the local capital markets and mutual fund industries through its subsidiary, Primary.

ESMA Explains Classification Of Third-Country Counterparties In Weekly Position Reports

Date 12/07/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today released an Opinion on the classification of third-country counterparties. This clarifies how third-country financial entities should be classified in the weekly positions reports on commodity derivatives and emission allowances derivatives under MiFID II.

Corporate And Municipal CUSIP Request Volumes Rise In June - Short-Term CDs Extend Six-Month Growth Streak

Date 12/07/2022

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for June 2022. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly increase in request volume for new corporate and municipal identifiers.

ESMA Identifies Data Reporting Services Providers To Be Supervised Directly

Date 12/07/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, following the adoption of the European Commission Delegated Act defining the derogation criteria to the principle that data reporting service providers (DRSPs) are subject to ESMA’s supervision, has identified those DRSPs it directly supervises, as well as those derogated entities which remain under the supervision of National Competent Authorities (NCAs) due to their limited relevance for the European Union (EU) market.