Matt Smith

European Commission doubles down on consolidated tape to support CMU

The European Commission is pushing for a consolidated tape as a cornerstone of the EU’s single market for capital. Industry sources say it is long overdue and will require close attention to detail. 

Tamara Cizeika

Regulators rush to avert looming ‘green’ mis-selling scandal

Regulators are having to respond fast to avert a wide scale greenwashing scandal on the back of the explosive growth in ESG investments.  

Matthias Graulich

Industry concerned about CPMI-IOSCO CCP models and protocols

Global standard setters CPMI and IOSCO want clearing houses to beef up client clearing services and porting practices, but market experts warn of impossible hurdles. 

Florian Rothenberg

EU carbon price spikes spark calls for dedicated regulator

Calls are being made for a dedicated regulator to oversee the EU’s Emissions Trading Scheme amid warnings that dramatic speculative surges in the carbon price threaten support for the entire scheme. 

Adam Glapiński

Poland’s central bank concerned by ‘restrictive’ EU proposals

EU proposals for transcribing Basel III into the bloc’s banking rules would impinge on some member state macroprudential freedoms, potentially undermining their ability to maintain financial stability, warns Adam Glapiński, governor of the National Bank of Poland.

BIS

BIS calls for regulatory response to evolving shadow banking risks

Increasing hidden leverage and liquidity mismatches are crying out for a macroprudential regulatory response, warned the Bank for International Settlements (BIS) in its December 2021 quarterly review.

Swiss flag

FINMA encourages Swiss crypto boom

Switzerland has emerged as a hotbed of blockchain innovation and is pioneering capital market technologies thanks to the benign regulatory regime established under the Swiss Financial Market Supervisory Authority. 

FCA HQ

Licence cliff edge looms for UK crypto firms

In December 2021, BitcoinPoint became the UK’s first registered crypto-asset firm offering an ATM cash out facility, a milestone that nonetheless belies that many other crypto firms are close to losing their ability to operate in the country. 

David Strachan

Reg Outlook 2022: A mix of continuity and novelty

The financial services regulatory agenda for the year ahead is packed. Work is afoot on multiple large-scale issues including sustainability, operational resilience, technological (especially digital) innovation, the prudential framework and more. This article explores some of the key initiatives that will drive regulation and supervision in 2022.

Wind and solar

Reg Outlook 2022: A willingness to legislate on climate change

A little remarked-upon but potentially transformational announcement to come out of COP26 in Glasgow was the creation of the International Sustainability Standards Board, which could streamline a plethora of ESG standards. 

Mark Somers

Reg Outlook 2022: Uncertainties abound for stranded assets as ESG takes hold

Regulators in the UK and Europe have had plenty to consider over the past 12 months, with start-stop Covid restrictions, the re-emergence of long-dormant inflationary pressures, climate change imperatives and technological innovations all making the delivery of stable, efficient and fair credit markets harder to achieve. 

Are stablecoins a threat to financial stability?