News Centre

tZERO’s Digital Securities Protocol Now Supports Tezos Blockchain

Date 14/04/2020

tZERO, the global leader in blockchain innovation for capital markets, announced today that its digital securities protocol now supports Tezos, an open-source public blockchain for assets and applications that can evolve by updating itself. The integration marks tZERO’s first step in supporting other blockchains outside of Ethereum on its open-source protocol. This expands the range of technological options available to digital securities issuers who wish to have their securities be compatible with the tZERO ecosystem.

FSB Consults On Regulatory, Supervisory And Oversight Recommendations For “Global Stablecoin” Arrangements

Date 14/04/2020

The Financial Stability Board (FSB) today published for consultation 10 high-level recommendations to address the regulatory, supervisory and oversight challenges raised by “global stablecoin” arrangements.

BIS: The Recent Distress In Corporate Bond Markets: Cues From ETFs

Date 14/04/2020

Key takeaways

• Amid widespread sell-offs in risky asset classes, corporate bond exchange-traded funds (ETFs) traded at steep discounts to underlying asset values in March.
• Contributing factors were high market volatility, reduced risk-taking by dealers and investors' reaction to policy decisions.
• Policy interventions that improve market functioning in a given sector can have temporary yet important spillovers to other segments through portfolio rebalancing by investors.

Cassini Systems Partners With AcadiaSoft To Help Clients Manage Initial Margin Requirements - Cassini Margin Analytics Platform Now Integrated Within AcadiaSoft's Initial Margin Exposure Manager

Date 14/04/2020

Cassini Systems<https://cassinisystems.com/>, the leading provider of pre- and post-trade margin analytics for derivatives market participants, announced today a new initial margin (IM) partnership with AcadiaSoft Inc.<https://www.acadiasoft.com/>, the leading industry provider of risk and collateral management services for the non-cleared derivatives community. Under the agreement, Cassini clients now have automated access to AcadiaSoft's reconciliation platform, Initial Margin Exposure Manager (IMEM), creating a one-stop shop for IM requirements across cleared and bilateral over-the-counter (OTC) and exchange-traded derivatives transactions.

FSB Chair Updates Finance Ministers And Central Bank Governors On COVID-19 Response

Date 14/04/2020

The Financial Stability Board (FSB) today published a letter from its Chair, Randal K. Quarles, to G20 Finance Ministers and Central Bank Governors ahead of their virtual meeting on 15 April.

IOSCO Steps Up Its Efforts To Address Issues Around Sustainability And Climate Change

Date 14/04/2020

The Board of the International Organization of Securities Commissions today published its report on Sustainable Finance and the Role of Securities Regulators and IOSCO, which seeks to help market participants address issues related to sustainability and climate change.

BIS: Volatility Spillovers And Capital Buffers Among The G-SIBs

Date 14/04/2020

Focus

The financial system is a public good, with banks at their heart. Shocks that hit one bank tend to spill over to other banks, and can cause a cascade of effects through to the whole economy. The more systemically important a bank is, the larger these spillovers are likely to be. More systemically important banks are therefore generally required to hold additional capital to reduce the overall riskiness of the banking system.

Europex General Assembly Elects Kari Ekelund Thørud As New Board Member

Date 14/04/2020

In a digital election last week, the Europex General Assembly elected Kari Ekelund Thørud, CEO at Nord Pool, as a new Europex Board Member. She succeeds Erling Thiis, formerly CFO at Nord Pool, who had resigned from his role as Europex Board member on 31 March 2020.

VALK Partners With Koine To Enable Payment And Cash Custody On Corda For Investment Banks, Asset And Fund Managers

Date 14/04/2020

VALK is pleased to announce a partnership with Koine, who provides a post-trade solution for digital assets and fiat that integrates with the blockchain software R3’s Corda technology to provide custody and settlement services on the VALK platform.

Financial Services Firms Spend $180.9 Billion On Financial Crime Compliance, According To LexisNexis Risk Solutions Global Study - Global Survey Of Financial Crime Compliance Professionals Points To United Kingdom, Germany And United States As Highest Spenders

Date 14/04/2020

Today, LexisNexis® Risk Solutions released its True Cost of Financial Crime Compliance Global Report, which provides global industry-driven insights for financial services firms across the Asia Pacific (APAC) region, Europe, the Middle East and Africa (EMEA), Latin America (LATAM) (including Mexico) and the U.S. and Canada. The report reveals that the projected total cost of financial crime compliance in these markets amounts to $180.9 billion.