News Centre

BIS: Central Banks Highlight Ways To Tackle Private Debt Build-Up In The Wake Of The Pandemic

Date 23/05/2022

• Private sector borrowing played a key role in supporting economic activity during the pandemic but higher debt could now pose a risk to financial stability and economic growth
• Emerging vulnerabilities include higher debt among weaker businesses, booming housing markets, and potential misperceptions about the prospects for exceptional policy support that might cause lenders to underprice risks in the future
• New report from the Committee on the Global Financial System (CGFS) suggests ways that policymakers can tackle debt vulnerabilities in the uncertain post-pandemic macroeconomic environment

ESMA Study Looks At Reasons For Lower Costs In ESG Funds

Date 23/05/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a study looking at the potential reasons behind the relatively lower ongoing costs, and better performance, of environmental, social and governance (ESG) funds compared to other funds, between April 2019 and September 2021.

BIS: Rising Household Inflation Expectations: What Are The Communication Challenges For Central Banks?

Date 23/05/2022

Key takeaways

• Household inflation expectations have risen alongside higher inflation. These expectations matter for central banks since they affect consumption decisions and wage demands, shaping the public debate on inflation.
• Households are more influenced by the prices of frequently purchased items. This partly explains why they typically perceive current inflation to be higher than official inflation and why their expectations of future inflation exceed those of professional forecasters.
• Households may not fully appreciate the link between inflation and monetary policy. Continuous and direct engagement by central banks using simple and relatable messages can make communication more effective.

EBA Publishes Final Technical Standards To Identify Shadow Banking Entities

Date 23/05/2022

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures. The final draft RTS clarify that entities carrying out banking activities or services and which have been authorised and supervised in accordance with the EU prudential framework, shall not be considered as shadow banking entities.

Opening Remarks At OeNB Monetary Policy Panel By Andrew Bailey, Governor, Bank Of England - Given At Oesterreichische Nationalbank, Annual Economic Conference, Vienna

Date 23/05/2022

Remarks

This is a time of very large economic shocks, and particularly very large external shocks, most recently from Russia’s invasion of Ukraine. I say that as someone who wholeheartedly supports the cause of Ukraine and the assistance we must give.

Federal Reserve Board issues Economic Well-Being Of U.S. Households In 2021 Report

Date 23/05/2022

The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2021 report, which examines the financial lives of U.S. adults and their families. The report draws from the Board's ninth annual Survey of Household Economics and Decisionmaking, or SHED, which was conducted in October and November of last year before the increase in COVID-19 cases from the Omicron variant and other changes to the economic landscape in recent months. The report, fact sheet, downloadable data, data visualizations, and a video summarizing the survey's findings may be found here.

“Block Trade” Definition Compliance Begins May 25, Ending Staff CFTC Provided No-Action Relief

Date 23/05/2022

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today reminds swap execution facilities (SEFs) that the block trade no-action relief provided in CFTC Staff Letter No. 20-35 will expire on May 25. Beginning that day SEFs are required to comply with the amended definition of “block trade” under CFTC Regulation 43.2.

Efficient And Transparent Energy Markets Should Be At The Heart Of The Commission’s REPowerEU Plan Rather Than Put Into Question

Date 23/05/2022

Europe continues to face challenges to its energy system, both in terms of high energy prices and the sustained uncertainty about its future security of supply caused in large part by the ongoing Russian invasion of Ukraine. Europex has been continuously supportive of the European Commission’s communications on using market-based instruments to address high energy prices (e.g. the tool box proposal of October 2021) and diversify Europe’s energy supply. However, as regards the new REPowerEU Plan published on 18 May, we have serious concerns about several of the proposed short-term emergency measures as they risk threatening the integrity and functioning of the Internal Energy Market. Particularly, we deem the suggestion to introduce an EU-wide natural gas price cap in case of a full disruption of Russian gas deliveries as well as the proposal to tolerate subsidies for fuel costs in power production to be highly market distortive with durable negative impacts on the functioning of the overall EU Internal Energy Market. Both measures have also been rated distinctly market distortive in the recent ACER Final Assessment of the EU Wholesale Electricity Market Design.

Lhyfe Lists On Euronext Paris

Date 23/05/2022

• €110 million raised

• Market capitalisation of €410 million

• 3rd listing of a cleantech company on Euronext Paris in 2022

• 13th listing on Euronext Paris in 2022

• 30th listing on Euronext in 2022

Montréal Exchange's Markets Closed Today, May 23, 2022

Date 23/05/2022

The Exchange's markets are closed today, May 23, 2022.