News Centre

CFTC Chairman Tarbert In WSJ: A New Pact Will Help Derivatives Markets

Date 18/09/2020

Excerpts from Chairman Tarbert’s Op-ed with the EU’s Valdis Dombrovskis in the Wall Street Journal

“As leaders of the commissions that regulate derivatives markets in the EU and U.S., we are both committed to establishing a harmonious relationship that achieves shared regulatory objectives while affording appropriate deference to home-country authorities.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 18/09/2020

CCP NCC will sets the following Market risk rates on Securities market starting from September 21, 2020:

Federal Reserve Board Issues Report On The Economic Well-Being Of U.S. Households

Date 18/09/2020

Data collected to supplement the Federal Reserve Board's seventh annual Survey of Household Economics and Decisionmaking showed that U.S. families were faring better financially in July than in April, but many still faced uncertainty regarding layoffs and prospects for returning to work.

Nigerian Stock Exchange Weekly Market Report For September 18th 2020

Date 18/09/2020

A total turnover of 1.139 billion shares worth N12.692 billion in 17,109 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.226 billion shares valued at N10.842 billion that exchanged hands last week in 19,529 deals.

CFTC: Mexican Meat Processor To Pay Fine For Violating Cattle Futures Speculative Position Limits

Date 18/09/2020

The Commodity Futures Trading Commission today issued an order filing and settling charges against Sukarne SA de CV, a Mexico-based meat processor, for violating live cattle futures speculative position limits. The order requires Sukarne to pay a $35,000 civil monetary penalty. This case is brought in connection with the CFTC’s Livestock Markets Task Force.

BIS: Credit Supply Driven Boom-Bust Cycles

Date 18/09/2020

Summary

Focus

The housing market in the US (and in many other countries) experienced a boom-bust cycle during the last two decades. Real house prices increased by more than 30 percent between 1995 and 2006, and then dropped by a similar amount until 2011. The financial sector and the rest of the economy also experienced a boom-bust cycle. This paper studies the role of credit supply in driving these dynamics. More broadly, we argue that shifts in credit supply can generate large economic fluctuations and can have significant real effects.

EBA Flags To The EU Commission Elements Of The Definition Of Credit Institution And Aspects Of The Scope Of Authorisation

Date 18/09/2020

The European Banking Authority (EBA) published today an Opinion addressed to the European Commission to raise awareness as to the opportunity to clarify certain issues relating to the definition of credit institution in the upcoming review of the Capital Requirements Regulation (CRR) and Capital Requirements Directive (CRD). Such clarifications would be beneficial to the development of a truly uniform Single Rulebook and ultimately to a deeper market integration of banking and financial services across the EU.

Finansinspektionen Confirms Investigation Into Swedbank

Date 18/09/2020

Swedbank has written in a press release that FI is investigating potential breaches of the Market Abuse Act. Given that the company has chosen to disclose information about the investigation, FI confirms that the information is correct. FI has opened an investigation.

Moscow Exchange: Risk Parameters Change For The Security RU000A101XN7

Date 18/09/2020

As per the Securities market risk parameters methodology, on 18.09.2020, 17-15 (MSK) the upper bound of the price band (up to 111.03) and initial margins (up to 17.5 %) for the security RU000A101XN7 were changed. New values are available here

BIS: Price Search, Consumption Inequality, And Expenditure Inequality Over The Life-Cycle

Date 18/09/2020

Summary

Focus

Very often, different vendors sell the same goods at very different prices. If poorer households are willing to search more and pay lower prices than wealthier ones, consumption inequality should be lower than expenditure inequality. We explore the importance of this distinction.