News Centre

EBA Issues First Monitoring Report On TLAC-MREL Instruments Accompanied By 15 Recommendations

Date 29/10/2020

The European Banking Authority (EBA) published today its first monitoring Report on minimum requirement for own funds and eligible liabilities (MREL) and total loss absorbing capacity (TLAC) instruments. The purpose of this Report is to inform stakeholders about the implementation review performed by the EBA on TLAC / MREL instruments so far and to present its views and current recommendations on specific features commonly seen in these instruments. This Report follows the same approach of the reports regularly published on CET1 and AT1 monitoring of issuances.

ETFGI Reports Assets Invested In The Global ETFs Industry Extend Their Lead To 3.58 Trillion US Dollars Over Assets Invested In The Hedge Fund Industry At The End Of Q3 2020

Date 29/10/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that assets invested in the global ETFs and ETPs industry extended its lead over the global hedge fund industry to US$3.58 trillion at the end of Q3 2020, an increase of 18.15% since 2019. (All dollar values in USD unless otherwise noted.)

US Federal Agencies Propose Regulation On The Role Of Supervisory Guidance

Date 29/10/2020

Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies' use of supervisory guidance for regulated institutions. The proposal would codify the statement, as amended, that was issued in September 2018 by the agencies that clarified the differences between regulations and guidance.

BIS: Non-US Global Banks And Dollar (Co-)Dependence: How Housing Markets Became Internationally Synchronized

Date 29/10/2020

Summary

Focus

House prices co-move across countries, sometimes more sometimes less. We ask what US dollar funding conditions and the international banking network have to do with this co-movement

FSB Welcomes Task Force On Climate-Related Financial Disclosures Status Report

Date 29/10/2020

The Financial Stability Board (FSB) welcomed the publication today of the 2020 status report by the industry-led Task Force on Climate-related Financial Disclosures (TCFD), which reports on the further growth in TCFD-aligned disclosures by firms.

triReduce Completes First Benchmark Conversion With SONIA Risk Replacement Trades

Date 29/10/2020

TriOptima, a leading infrastructure service that helps to lower costs and mitigate risk in OTC derivatives markets, announced the completion of the first triReduce enhanced compression cycle to include SONIA risk replacement trades. The cycle took place on October 22, 2020 at LCH SwapClear.  

CFTC’s Enforcement Division Issues Staff Guidance On Recognition Of Self-Reporting, Cooperation, And Remediation

Date 29/10/2020

The Commodity Futures Trading Commission today announced the Division of Enforcement (DOE) issued new guidance for enforcement staff when recommending the recognition of a respondent’s cooperation, self-reporting, or remediation in CFTC enforcement orders. The guidance, which will be published in the agency’s Enforcement Manual, follows recent updates of the manual’s civil monetary penalty guidance and compliance program evaluation guidance. [See CFTC Press Release Nos. 8165-20 and 8235-20]

Canadian Pensions Buoyed By Positive Performance In Equity Markets: RBC Investor & Treasury Services

Date 29/10/2020

As economies reopened, Canadian DB pensions in the RBC Investor & Treasury Services All Plan Universe weathered the pandemic-induced slowdown and continued the forward momentum from Q2, gaining a median 3.0 per cent in Q3. The median year-to-date return for Canadian DB plans stood at 5.2 per cent for the period ending September 30, 2020.

Intercontinental Exchange Approves Fourth Quarter Dividend Of $0.30 Per Share

Date 29/10/2020

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced today a $0.30 per share dividend for the fourth quarter of 2020, which is up 9% from the $0.275 per share dividend paid in the fourth quarter of 2019. The cash dividend is payable on December 31, 2020 to stockholders of record as of December 16, 2020. The ex-dividend date is December 15, 2020.

Morgan Stanley, Piper Sandler Top Financial Advisers By Value, Volume In Financial Services Sector During Q1-Q3 2020, Finds GlobalData

Date 29/10/2020

Morgan Stanley and Piper Sandler were the top financial advisers for mergers and acquisitions (M&A) in the global financial services sector by value and volume, respectively, during Q1-Q3 2020. A total of 2,250 M&A deals were announced in the financial services sector during the period, according to GlobalData, a leading data and analytics company.