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Prohibition Of Short Selling Update – Belgium FSMA Announces Prohibition Of Short Selling And Similar Transactions On The Regulated Market Of Euronext Brussels, Pursuant To Article 20 Of The Regulation (EU) No. 236/2012 Of The European Parliament (SSR)

Date 19/03/2020

HAVING REGARD TO Regulation (EU) no. 236/2012 of the European Parliament and of the Council of March 14, 2012 (SSR);

HAVING REGARD TO Article 37ter of the Law of 2 August 2002 on the supervision of the financial sector and on financial services, according to which the FSMA is appointed with the task to implement the measures and exercise the functions and powers provided by Regulation (EU) no. 236/2012 of the European Parliament and of the Council of March 14, 2012 with reference to shares, among others;    

Eurex: Clarification Of The Scope Of Short Selling Bans Imposed By European National Authorities

Date 19/03/2020

Please note that with a view to index products traded on Eurex, the German Federal Financial Supervisory Authority (BaFin) has clarified on its webpage the scope of the short selling bans introduced in March 2020 by several European national authorities. 

EEX And EPEX SPOT Take Part In Public Consultation On ARENH Reform

Date 19/03/2020

EEX and EPEX SPOT welcome the public consultation on the reform of the ARENH mechanism, the regulated access to incumbent nuclear electricity in France. EEX and EPEX SPOT have actively contributed to the debates on the reform of ARENH during recent years and have regularly drawn attention to the negative impact of the current mechanism on the functioning of markets and the relevance of the French and European price signal. The replacement of ARENH with a market-based mechanism is an evolution necessary which should take place as soon as possible. The new proposal would bring a significant and welcome improvement towards market principles.

FINRA - New Research: Female Investors Lag Behind Male Counterparts In Investment Knowledge And Confidence

Date 19/03/2020

Female investors lag behind their male counterparts when it comes to investment knowledge and confidence, according to new research conducted by the FINRA Investor Education Foundation (FINRA Foundation) and the George Washington University School of Business' Global Financial Literacy Excellence Center (GFLEC).

Moscow Exchange: Risk Parameters Change For The Security NVTK

Date 19/03/2020

As per the Securities market risk parameters methodology, on 19.03.2020, 17-18 (MSK) the upper bound of the price band (up to 851.4) and initial margins (up to 31.25 %) for the security NVTK were changed. New values are available here

Bank Of England: Monetary Policy Summary For The Special Monetary Policy Committee Meeting On 19 March 2020 - Bank Rate Cut By 15 Basis Points To 0.1%

Date 19/03/2020

The spread of Covid-19 and the measures being taken to contain the virus will result in an economic shock that could be sharp and large, but should be temporary

Moscow Exchange Response To Coronavirus Pandemic

Date 19/03/2020

Moscow Exchange is operating as normal amid high volatility and trading volumes. The Exchange is taking all necessary measures to ensure operational continuity of its infrastructure during the coronavirus (COVID-19) pandemic.

Monetary Authority Of Singapore Announces US$60 Billion Swap Facility With The US Federal Reserve As Part Of Coordinated Central Bank Actions

Date 19/03/2020

The Monetary Authority of Singapore (MAS) announced the establishment of a US$60 billion swap facility with the US Federal Reserve (Federal Reserve).

IMF Announces Expedited Appointment Of Geoffrey Okamoto As First Deputy Managing Director

Date 19/03/2020

The IMF Executive Board has approved the expedited appointment of Mr. Geoffrey Okamoto as First Deputy Managing Director, effective March 19, 2020. IMF Managing Director Kristalina Georgieva originally proposed his appointment on March 12, 2020 with an effective start date of March 30.

Updated Business Continuity Plans For LME Base Metal Futures, Aluminium Premium Contracts And Cash-Settled Futures

Date 19/03/2020

Summary

1. This Notice restates and updates the Policy for establishing:
   • the Official and Closing Prices on LMEselect in the event the Ring is not available or disrupted; and
   • the Cash-Settled Future Daily Settlement Price for a number of Cash-Settled Futures in the event that trading is disrupted on LMEselect during the relevant VWAP window, (the “Policy”).
2. This Notice supersedes and replaces LME Notice 19/396, dated 05 December 2019, and appends an updated version of the Policy, which has been revised to include further detail on use by the Quotations Committee of expert judgement in the determination of Official Prices and Closing Prices for forward months.