BCBS Press release "Basel III monitoring results based on end-June 2019 data published by the Basel Committee", 8 April 2020

US dollar credit to non-bank borrowers outside the United States grew by 4% year on year at end-June 2019, to reach $11.9 trillion. Foreign currency credit denominated in euros and Japanese yen continued to expand at a faster pace than that in US dollars, growing at annual rates of 9% and 8%, respectively. US dollar credit to emerging market and developing economies (EMDEs) grew at an annual rate of 2% (to reach $3.7 trillion), though growth varied substantially across regions.

Notional amounts of OTC derivatives rose to $640 trillion at end-June 2019. This is up from $544 trillion at end-2018 and the highest level since 2014. It marks a continuation of the trend increase evident since end-2016. The gross market value of OTC derivatives, summing positive and negative values, also rose, from $9.7 trillion to $12.1 trillion, led by increases in euro interest rate derivative contracts. The lastest semiannual data benefit from the addition of more comprehensive information for smaller dealers collected as part of the BIS Triennial Survey. Dealers in emerging market economies (EMEs) accounted for 9% of the outstanding notional amounts of foreign exchange and commodity derivatives globally at end-June 2019, up from 7% at end-June 2016.

The BIS Statistical Bulletin is published quarterly and summarises all BIS statistics in tabular form. It includes introductions to each data set and a glossary of statistical terms.

Global cross-border bank claims continued to expand rapidly, growing at 9% year on year. As in previous quarters, the expansion was mainly due to claims on the non-bank sector, which grew at 12% year on year. The growth in claims on non-bank financial institutions was particularly strong (+17%). European banks' cross-border lending, which went through a prolonged contraction after the Great Financial Crisis (GFC) of 2007-09, has been expanding again since the start of 2018.

US dollar credit to non-bank borrowers outside the United States grew by 5% year on year at end-September 2019, to reach $12.1 trillion. Euro-denominated credit outside the euro area continued to expand at a fast pace (9%). In contrast, the growth rate of yen-denominated credit outside Japan fell to 1%. Strong debt securities issuance drove expansions in US dollar and euro credit to emerging market and developing economies (EMDEs). US dollar credit to EMDEs grew at an annual rate of 3% (to reach $3.8 trillion); euro credit to EMDEs expanded by 9% (to reach €0.7 trillion).

The annual growth rate of global cross-border bank claims fell to 6%, down from 9% at end-September 2019. The short-term share of foreign banks' claims, a key indicator of external vulnerability, is elevated for a number of borrowing emerging market and developing economies (EMDEs). Borrowers in EMDEs had untapped credit lines of $610 billion, or roughly 10% of the stock of global foreign claims on EMDEs at end-2019. Saudi Arabia joined the reporting population for the locational banking statistics (LBS) with data starting from Q4 2017, bringing the number of countries reporting these data to 48.

US dollar credit to non-bank borrowers outside the United States grew by 6% in 2019, to reach $12.2 trillion at end-2019. The annual growth rate of euro-denominated credit outside the euro area slowed to 6%, while that of yen-denominated credit outside Japan turned negative (-1%). In 2019, euro-denominated credit overtook US dollar-denominated credit as the largest stock of foreign currency credit to emerging Europe. The debt securities share in US dollar credit outside the United States has risen considerably over the past decade across a number of major borrowing regions.

The post FIRST Tech Challenge – Kick off the 2019-2020 season with SOLIDWORKS appeared first on SOLIDWORKS Education Blog.

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The post Congratulations to the Winners of the SOLIDWORKS xChallenge 2019! appeared first on SOLIDWORKS Education Blog.

Introductory remarks (by videoconference) by Mr Luis de Guindos, Vice-President of the European Central Bank, to the Committee on Economic and Monetary Affairs of the European Parliament, Frankfurt am Main, 7 May 2020.

Notional amounts of OTC derivatives rose from $544 trillion at end-December 2018 to $559 trillion at end-December 2019. This, however, corresponds to a significant fall over the last six months, which could be at least partly attributed to seasonal factors. The seasonal pattern in the data, whereby end-June values tend typically to be larger than end-of-year values, appears strongest in positions vis-à-vis central counterparties. Such end-of-year contractions can occur if dealer banks and/or their clients shrink their outstanding notional derivative positions for regulatory and financial reporting purposes. Contracts denominated in non-G4 currencies (ie excluding USD, EUR, JPY and GBP) have grown in size for both interest rate and foreign exchange derivatives, even though those denominated in US dollars remain the largest segment.

B&H Photo has just issued an exclusive discount on Apple's MacBook Air (2019), dropping the price down to a record low $849 with free expedited shipping for AppleInsider readers. Inventory is limited, and this deal may sell out at any time.

In what are the lowest prices we've seen on Mid 2019 15-inch MacBook Pros, Amazon-owned Woot has refurbished units discounted to as low as $1,579.99, with savings of up to $950 off. These units are refurbished by Apple, but come with a 1-year Woot warranty.

2D design Despite the great popularity of spatial design programs and their unquestioned advantages, 2D design programs such as AutoCAD are still very popular and useful. One of such programs is DraftSight, which over the years has become very recognizable

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The post DraftSight 2019 – new, better … and not free to use anymore 2D CAD – but it’s still worth it! appeared first on SOLIDWORKS Tech Blog.

CNA Staff, Apr 22, 2020 / 05:02 pm (CNA).- A Sri Lankan priest criticized the government’s response to last year’s Easter bombings, saying the failure to thoroughly investigate has amounted to a betrayal of the people.

Father Nishantha Cooray spoke to Aid to the Church in Need (ACN) on the first anniversary of the bombings that targeted numerous sites across the country, including three churches, on April 21, 2019. The Easter attacks claimed over 259 lives and injured at least 500 more.

Police made 135 arrests following the attacks. Former president of Sri Lanka Maithripala Sirisena created a presidential commission to look into the perpetrators behind the bombings. Current President Gotabaya Rajapaksa appointed a similar committee.

But Cooray, who ministered at victims’ funerals, argued that the actions undertaken so far are inadequate. He warned that if the government does not take the investigation more seriously, it could lead to more attacks in the future.

“Although we have completed one year [since the bombings], no acceptable step has been taken in arresting the persons involved in the crime,” he said.

The priest argued that politicians made promises of a thorough investigation, and gained votes by doing so, but have not followed through on these promises.

“The newly elected government started the second chapter of the same book with the same writing style… They did not want to hurt the Muslim politicians,” he said.

“Now, we feel as if we are betrayed. Just to arouse the emotions of the people, the representatives of the government say something about the investigations [into the bombings]. It is only a good slogan for the next election.”

The Catholic Bishops' Conference of Sri Lanka has appealed to the government to appoint an independent commission to conduct an impartial inquiry.

Commemorating the attacks on their one-year anniversary, parishes in Sri Lanka rang church bells, encouraged people to observe a two-minute period of silence, and lit lamps in memory of the dead victims.

While public Masses have been canceled in Sri Lanka because of the COVID-19 pandemic, Cardinal Malcolm Ranjith of Colombo live-streamed Easter Mass on April 12. During the live stream, Ranjith voiced forgiveness for the attackers.

“[W]e meditated on Christ's teachings and loved them, forgave them and had pity on them,” he said, according to Vatican News.

“We did not hate them and return them the violence. Resurrection is the complete rejection of selfishness,” the cardinal said.

 

Effective Sunday, June 2 (trade date Monday, June 3), CME STP and CME STP FIX will support values entered in the Notes field for CME ClearPort UI and API (TrdCaptRpt/RptSide/@Notes) deals.

This enhancement will be supported in CME STP and CME STP FIX in the New Release environment today, Wednesday, May 15.

German translation of the BIS Quarterly Review, March 2019

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OM Director's Update from Lawrence Tong, International director

OM Director's Update from Lawrence Tong, International Director

OM Director's Update from Lawrence Tong

OM Director's Update from Lawrence Tong, International Director

OM Director's Update from Lawrence Tong

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Apple's 2019 iPod touch is a small, light handheld media player that's terrific for kids and anyone who doesn't want a full-fledged smartphone.

Use the coupon code below to snag the 55-inch model for just $1,249 (down from $1,999.99) or the 65-inch model for $1,549 (down from $2,799.99).

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