News Centre

Federal Reserve Board Announces It Has Formally Joined The Network Of Central Banks And Supervisors For Greening The Financial System, Or NGFS, As A Member

Date 15/12/2020

The Federal Reserve Board announced on Tuesday that it has formally joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, as a member. By bringing together central banks and supervisory authorities from around the world, NGFS supports the exchange of ideas, research, and best practices on the development of environment and climate risk management for the financial sector. The Board began participating in NGFS discussions and activities more than a year ago.

UK Financial Services Businesses Remain On Track Despite The Pandemic, Says ECI Growth Index

Date 15/12/2020

The majority (74%) of mid-market financial services companies have remained resilient in the face of the economic disruption that’s taken place this year, according to the Growth Index released today by mid-market private equity firm ECI Partners.  62% of mid-market financial services companies still expected growth throughout 2020 even after the pandemic had begun in March (a fall from 84% pre-March 2020).

ICE Benchmark Administration Launches GBP SONIA ICE Swap Rate As A Benchmark For Use By Licensees

Date 15/12/2020

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announces that ICE Benchmark Administration Limited (IBA) has launched its GBP SONIA ICE Swap Rate as a benchmark for use by licensees.

FCA Fines And Prohibits Hedge Fund Chief Investment Officer For Market Abuse: Comments By Nick Bayley, Managing Director, Head Of UK Regulatory Consulting, Duff & Phelps

Date 15/12/2020

Nick Bayley, Managing Director, Head of UK Regulatory Consulting of Duff & Phelps comments:

“This is FCA’s very first market abuse outcome under the EU Market Abuse Regulation, which went live in July 2016.  We can see from its Annual Report that the regulator had 29 market manipulation cases open as at 31 March this year, so hopefully other outcomes will follow quickly in its wake."

UK Financial Conduct Authority Fines And Prohibits Hedge Fund Chief Investment Officer For Market Abuse

Date 15/12/2020

BME: The Pre-Market Environment Closes The Year With The Incorporation Of Three New Companies And One Partner

Date 15/12/2020

• The three new companies in this acceleration programme are Dantia Tecnología, Gogoa Mobolity Robots and Club de Fútbol Intercity, and IEAF is the new partner
• In 2020, eight new companies and three partners have become part of this BME initiative

Bank Of England: Minutes Of The Post-Trade Task Force Meeting – December 2020

Date 15/12/2020

The Bank of England is an observer on the Post-Trade Task Force, an industry working group that aims to catalyse reform in post-trade.

The EDHEC-Princeton Retirement Goal-Based Investing Index Series - December 2020 Highlights

Date 15/12/2020

Goal Price Index Series

• US interest rates began 2020 with a downward move that accelerated with the expansion of the coronavirus pandemic in Europe in late February and early March and the increasing concerns over the economic impact. The 10-year rate fell from 1.88% after the New Year’s Eve to 0.50% on March 9, and the 1-year rate fell from 1.58% to 0.29%. Falling Treasury yields are mechanically reflected in rising Goal Price Indices through the discounting mechanism, and the price of $1 per year of replacement income for 20 years grew from $18.99 to $21.69 for an individual retiring in 2028.

FTSE4GOOD Bursa Malaysia December 2020 Semi-Annual Review - 4 New Inclusions And 2 Deletions From The FTSE4Good Bursa Malaysia Index

Date 15/12/2020

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) announced four new additions to the constituents of the FTSE4Good Bursa Malaysia (“F4GBM”) Index.

SGX Strengthens Commitment To Sustainability With S$20 Million Plan

Date 15/12/2020

• Makes a bigger push in sustainability and takes the lead in driving improvements in the ecosystem through collaboration
• Aims to provide the market with access to ESG information and solutions for investment decisions