Most widespread tightening of credit terms over three-month review period since SESFOD launched in 2013 Less-favourable price terms for non-financial corporations and less-favourable non-price terms for hedge funds Liquidity and trading deteriorated materially for all types of OTC derivatives, while initial margin requirements increased for almost all types Some insurance companies, hedge funds and investment funds faced strained liquidity situations linked to variation margins Survey respondents reported the most widespread tightening of credit terms and conditions over a three-month...

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ECB and other major central banks to reduce frequency of 7-day US dollar operations from three times per week to once per week, while 84-day operations continue to be offered weekly New frequency effective as of 1 September 2020, to remain in place for as long as appropriate to support smooth functioning of US dollar funding markets ECB and other major central banks standing ready to re-adjust provision of US dollar liquidity as warranted by market conditions In view of continuing...

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Today, the European Commission decided to register a European Citizens' Initiative (ECI) entitled ‘Right to Cure'. The organisers of the ECI call on the Union ‘to put public health before private profit make anti-pandemic vaccines and treatments a global public good, freely accessible to everyone'. The ECI lists the following objectives: Ensure that intellectual property rights, including patents, do not hamper the accessibility or availability of any future COVID-19 vaccine or treatment; Ensure that EU legislation on data and market...

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