Europe

The LME's trading ring has been used for metals trading since 1877. It's temporary closure in March due to the Covid-19 pandemic may end up being permanent.

The commitments offered by LSEG fully address the competition concerns raised by the proposed transaction, the European Commission said in a statement.

From end-March 2021, GBP LIBOR should no longer be used in any new loans, bonds, securitisations and linear derivatives that mature after end-2021.

China will open multiple industries to EU businesses, removing joint-venture requirements, equity caps and forced technology transfers.

Japanese cities Kobe and Yokohama as well as Shizuoka Prefecture were the first three issuers to utilise the new Origami bond structure.

A continued prudent approach remains necessary until 30 September 2021, given the persisting economic uncertainty, the ECB says.

Yulan bonds issued by SHCH will use real time multi-currency DVP settlement with any counterparty within Euroclear Bank’s network.

BIS Innovation Hub, the Swiss National Bank, and SIX compared the feasibility of issuing a wholesale CBDC versus linking the existing payment system to a distributed ledger.

Remittance payments from anywhere in the world destined for the UK routed through Lloyds can arrive in seconds with fee and foreign exchange transparency.

ICE Benchmark Administration intends to continue publishing some tenors of USD LIBOR until end-June 2023, which could allow time for most legacy contracts to mature.