Goldman Sachs has brought to Cboe Global Markets an exchange-traded fund that invests in US dollar-denominated fixed-income securities with effective durations of one year or less. The Goldman Sachs Access Ultra Short Bond ETF is actively managed. ETF (17 Apr.)
Bank of England Governor Mark Carney and Francois Villeroy de Galhau, governor of the Bank of France, have joined the Network for Greening the Financial System in signing an open letter that warns of the risks climate change poses to the global economy. The NGFS this week published its first comprehensive report on the matter. BBC (18 Apr.)
Intercontinental Exchange is considering approaching the New York Department of Financial Services for a token-custody license for the Bakkt platform in hopes of easing resistance from the Commodity Futures Trading Commission, sources say. State bank and trust licenses are recognized by the CFTC, but the regulator might still require a period of public comment. Bloomberg (tiered subscription model) (18 Apr.)
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