News Centre

Testimony Of CFTC Chairman Rostin Behnam Before The U.S. Senate Committee On Agriculture, Nutrition And Forestry’s Hearing On The Oversight Of Digital Commodities

Date 10/07/2024

Introduction

Chairwoman Stabenow, Ranking Member Boozman, and members of the Committee, thank you for the opportunity to appear before you today as Chairman of the Commodity Futures Trading Commission (CFTC or Agency) to discuss the state of the digital asset commodity market.  Before I begin, I would like to recognize and thank my fellow CFTC Commissioners and CFTC staff for their dedication and commitment to serving the American public.

Transformation And Conjuncture − Remarks By Huw Pill, Bank Of England, Chief Economist And Executive Director, Monetary Analysis, Asia House, London

Date 10/07/2024

Thanks very much to our hosts at Asia House today. It is a great pleasure to be here and have the opportunity to discuss the outlook for UK monetary policy with such a distinguished group.

Aggressive Climate Policies Needed To Preserve Global Equity Values, Warns New Study: EDHEC-Risk Climate Impact Institution Research

Date 10/07/2024

New EDHEC-Risk Climate Impact Institution research: 

• Extends valuation techniques to estimate the effect on global equity values of climate and economic uncertainties, financial contingencies, transition costs and physical risks.
• Evaluates the impact on global equity values of different greenhouse gas emissions trajectories under multiple climate and economic scenarios.
• Identifies aggressiveness of emissions abatement, location of climate tipping points, and ability and willingness of central banks to lower rates during economic distress as key impact factors of equity valuation.
• Indicates that prompt and robust abatement action is needed to keep losses below 10%. Conversely, over 40% of global equity value is at risk if decarbonisation efforts do not accelerate, with losses exceeding 50% when climate tipping points are factored in.

IOSCO Announces Themes For Its 8th Edition Of World Investor Week - IOSCO World Investor Week 2024 To Focus On Technology And Digital Finance, Crypto Assets And Sustainable Finance

Date 10/07/2024

The World Investor Week (WIW) is a week-long, global campaign to raise awareness of the importance of investor education and protection, and to highlight the various initiatives of securities regulators in these two critical areas.

DTCC’s FICC Unveils Public-Facing Value At Risk (VaR) Calculator, Increasing Transparency For Market Participants - New FICC Tool Will Calculate The Value At Risk For A Given Portfolio, Providing Market Participants With Further Insight Into Market Value, Positions And Risk Profiles Ahead Of SEC Expanded U.S. Treasury Clearing Rule

Date 10/07/2024

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of a new public-facing Value at Risk (VaR) calculator. The calculator provides market participants with the ability to evaluate potential margin and Clearing Fund obligations associated with becoming a Member of DTCC’s Fixed Income Clearing Corporation (FICC) Government Securities Division (GSD).

ESMA Publishes Statement On Use Of Collateral By NFCs Acting As Clearing Members

Date 10/07/2024

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today issued a public statement on deprioritising supervisory actions linked to the eligibility of uncollateralized public guarantees, public bank guarantees, and commercial bank guarantees for Non-Financial Counterparties (NFCs) acting as clearing members, pending the entry into force of EMIR 3.

Empower Executive Role Model − Speech By Afua Kyei, Bank Of England Executive Director, Finance, Given At The Google UK Headquarters, 6 Pancras Square, London

Date 10/07/2024

Afua Kyei, Chief Financial Officer at the Bank of England was honoured as the top female and number 2 overall on the Empower Global Executives Role Model List 2024, supported by YouTube.

mai-LiVEx To Kick Off Entrepreneurship Regional Roadshow In Chiang Mai Province

Date 10/07/2024

Market for Alternative Investment (mai) and LiVE Exchange (LiVEx) are set to launch the inaugural regional roadshow of 2024, themed "Unlocking Opportunities for Business Growth: Empowering Northern Businesses to Think Big." The roadshow aims to expand growth opportunities for businesses and prepare them for capital market access. Participants will gain insights from industry leaders and experts and access to business consulting services. The event is scheduled for July 12, 2024, at Regional Science Park North, Chiang Mai University.

ESMA Publishes Latest Edition Of Its Newsletter

Date 10/07/2024

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter.

Eurex Launches Trade Offset Workflow With E-Trading Connectivity To Bloomberg

Date 10/07/2024

Eurex has launched the Trade Offset workflow, which helps users of cleared Interest Rate Swaps to optimize their portfolio by automating the close out process. The solution seamlessly connects Bloomberg’s electronic trading tools to the original Eurex trade record. Clients who need to close out a swap position at the Central Counterparty Clearing House (CCP) can retrieve their trade details by inputting the Eurex CCP ID into Bloomberg's trade register, TREG <GO>. The original swap details are then pulled directly from Eurex into this register. The exact offset of the original swap can then be sent to Bloomberg's List trading tool, BOLT IRS <GO>, for execution.