News Centre

Six Months On For Bitcoin: Danny Scott, Co-Founder Of CoinCorner Comments

Date 02/07/2019

Danny Scott, co-founder of CoinCorner comments: “As we reach the half year point of Bitcoin’s price movements, the next 6 months of the year look very promising. After starting the year in the $3000s, Bitcoin's price has shown very strong and steady growth month after month, breaking the $10,000 barrier in June - an increase of over 300% since the start of the year."

EBA Basel Assessment Sees Impact Driven By Large Banks

Date 02/07/2019

The European Banking Authority (EBA) presented today, during a public hearing, the results of its Basel III implementation assessment, which includes a quantitative impact study (QIS) based on data from 189 EU banks, and a comprehensive set of policy recommendations in the area of credit and operational risk, output floor and securities financing transactions. This work, which responds to a Commission's call for advice, shows that the full implementation of Basel III in the EU, under the most conservative assumptions, increases the weighted average minimum capital requirement (MRC) by 24.4%, leading to an aggregate capital shortfall of EUR 135.1 bn. Importantly, the capital impact is almost entirely driven by large globally active banks. The impact on medium-sized banks is limited to 11.3% in terms of MRC, leading to a shortfall of EUR 0.9 bn, and on small banks to 5.5% MRC with a EUR 0.1 bn shortfall. The EBA will publish the full report by the end of July.

Moscow Exchange: Risk Parameters Change On Securities Market - PIK Group

Date 02/07/2019

CCP NCC is excluding PIKK shares from the list of assets that can be accepted as collateral on Securities market starting from July 10, 2019:

Sea Change - Speech By Mark Carney, Governor Of The Bank Of England, Given At The Local Government Association Annual Conference And Exhibition, Bournemouth.

Date 02/07/2019

In recent months, there has been a sea change in financial markets driven by growing concerns over the global economic outlook. In his speech, Mark Carney assesses these global developments before turning to what they may mean for the UK’s economic prospects.

ACER Finds Progress In ENTSOG’s Gas Network Development Plan; Further Improvements Needed

Date 02/07/2019

ACER has recently published its Opinion on the European Network of Transmission System Operators for Gas (ENTSOG)’s draft Ten-Year Network Development Plan (TYNDP) for 2018. The Agency welcomes the various improvements included in this Plan in comparison to previous editions, and finds that it contributes to the principles of non-discrimination, effective competition and secure functioning of the gas market.

Regulating Financial Innovation – Going Behind The Scenes, Speech By Christopher Woolard, Executive Director Of Strategy And Competition At The FCA, Delivered At The Cambridge Centre For Alternative Finance Annual Conference, Judge Business School

Date 02/07/2019

Highlights:

• The UK has led the rest of the world with developments like the regulatory Sandbox, we are very proud of what has been achieved through it.
• Early engagement is incredibly valuable for monitoring, supervisory and policy purposes. Working with innovative firms helps us achieve a better bird’s-eye view, enhancing our understanding when the overall landscape is blurry and ­changing quickly.
• 'Stablecoin' is a term that has been widely adopted by industry, but we do not take it to be a distinct category of cryptoassets. Something labelled as a 'stablecoin' could sit within or outside of our regulatory perimeter.

Moscow Exchange: Risk Parameters Change For The Security RU000A0JW1K9

Date 02/07/2019

As per the Equity Market Risk Parameters Methodology, on 02.07.2019, 17-24 (MSK) the upper bound of the price band and initial margins for the security RU000A0JW1K9 were changed. New values are available at https://www.nationalclearingcentre.com/rates/fondMarketRates/

OSTC Appoints New Chief Risk Officer

Date 02/07/2019

OSTC, a leading, global derivatives trading and education business, has announced the appointment of Surya Fletcher as Chief Risk Officer, effective 1st July 2019.
 

New Trading Participants At EEX In June 2019

Date 02/07/2019

In June 2019, EEX admitted Monsson Trading S.R.L. as a new trading participant on the power derivatives market and the spot market for emission allowances. AOGLOBAL INVESTMENTS SRL and Société Valmy Défense 38 were admitted to the Power Derivatives Market. Goldman Sachs Bank Europe SE has been admitted to trading on the derivatives markets for power, freight, emission allowances and agricultural products. Energy Financing Team AG has additionally been admitted to trading in power futures and options at EEX and STX Services B.V. has additionally been admitted the spot market for emission allowances (Primary Auctions).

City Of London Must Lead The Way In Securing A Greener Future

Date 02/07/2019

The UK government has today launched its Green Finance Strategy, to increase investment in sustainable projects and infrastructure, while ensuring the UK remains an international leader in decarbonisation and meets its 2050 net zero carbon emissions target.