News Centre

UK Financial Conduct Authority Expectations For Wet-Ink Signatures In Light Of Coronavirus (Covid-19) Restrictions

Date 20/04/2020

Bank Of England: Minutes Of The Wholesale Distribution Steering Group - March 2020

Date 20/04/2020

The Wholesale Distribution Steering Group have the objective of overseeing the design of a new end-state model for wholesale cash distribution. This is to support the UK in an environment of declining cash volumes.

CFTC: Agricultural Advisory Committee To Meet Via Teleconference April 22

Date 20/04/2020

The Agricultural Advisory Committee (AAC) will hold a public meeting on Wednesday, April 22, 2020, at 3:00 p.m. EDT via teleconference. U.S. Secretary of Agriculture Sonny Perdue will address the meeting, which will focus primarily on the COVID-19 (coronavirus) pandemic and its impact on agricultural commodity markets. CFTC Chairman Heath P. Tarbert is the sponsor of the AAC.

Cross-Border Data Connectivity Matters For Everyone - A Statement From The Global Services Coalition

Date 20/04/2020

For the global economy to function, not only do goods and services need to move across international borders, so does information. Especially now, with the world battling a global pandemic, it is critical to be able to move data quickly across borders. In fact, digital data is in constant movement round the world, powering many of the services that global users have come to take for granted.

AFME Data Finds Europe’s Capital Markets Have Performed Well Despite Market Stress From COVID-19

Date 20/04/2020

AFME has today published new research on the initial impact of COVID-19 on Europe’s capital markets. The report analyses the recent trends during the current abnormal market circumstances.

Moscow Exchange: Risk Parameters Change For The Securities

Date 20/04/2020

The following risk parameters will be changed:

IR risk (downward scenario) - SECΔ_1 (Y0/Y1)

ETFGI Reports That ETFs And ETPs LISTED IN U.S. Gathered Net Inflows Of US$7.81 Billion During March 2020

Date 20/04/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in U.S. gathered net inflows of US$7.81 billion during March, bringing year-to-date net inflows to US$59.86 billion which is higher than the US$51.24 billion inflows gathered at this point last year.  Assets invested in the US ETFs/ETPs industry have decreased by 12.2%, from US$4.18 trillion at the end of February, to US$3.67 trillion, according to ETFGI's March 2020 US ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

EBA Updates Its List Of Risk Indicators, IMF-FSI Mapping And Respective Guides

Date 20/04/2020

The European Banking Authority (EBA) published today an updated guide on how to report the International Monetary Fund (IMF) Financial Soundness Indicators (FSIs) and a revised methodological guide on how to compile risk indicators and detailed risk analysis tools. FSIs provide insight into the financial health and soundness of countries’ financial institutions as well as corporate and household sectors, thus supporting the economic and financial stability analysis.

MIAX Exchange Group - Options Markets - Reg SCI / SIFMA BCP Test Plan - October 24, 2020

Date 20/04/2020

The MIAX Exchange Group will be participating in the 2020 SIFMA BCP Testing on Saturday, October 24, 2020.  All members that are required to test with  MIAX Options, MIAX PEARL Options and/or MIAX Emerald Options Exchanges in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) have been notified.  However, all members are encouraged to test.

BIS: Expected Loss Provisioning Under A Global Pandemic

Date 20/04/2020

Highlights

• In response to the 2007-09 Great Financial Crisis (GFC), accounting standard setters introduced a new methodology to value loans based on expected credit losses (ECL). The previous approach, based on incurred losses, was viewed as procyclical and inconsistent with prudential objectives.
• In the wake of the Covid-19 pandemic, several prudential authorities and the Basel Committee on Banking Supervision (BCBS), introduced a series of measures to clarify how banks should consider various public and private debt relief programmes in their ECL estimates and in their calculation of regulatory capital. These measures are intended to incentivise banks to continue supporting the real economy, while reducing pressure on banks' ECL provisions, earnings and regulatory capital.
• Supervisory initiatives that provide capital relief should be augmented by severe constraints on the payment of dividends, bonuses and share buybacks. These joint actions will simultaneously expand banks' lending capacity and enhance their ability to absorb losses.
• Prudential authorities face difficult trade-offs as they confront the most severe economic crisis in modern times. Encouraging the use of flexibility in applicable accounting standards, while preserving market trust and transparency in the reported financial statements of banks, will be key in fostering both economic and financial stability.