ESMA values EU derivatives market at €660tn and notes progress towards more derivatives being cleared

RFR Working Group encouraged by small, but growing momentum to use reference rates put forward as alternatives to discredited Ibors

Whereas cross-border bank credit continues to shrink, overall credit growth continues to be supported by non-bank financial institutions.

Hong Kong public encouraged by the SFC to report on suspected cases of market abuse as the regulator seeks to further curb activities such as insider trading and share price manipulation

PRA consults on delaying certain aspects of liquidity reporting so as to mitigate risks to supervising liquidity

Worries over market infrastructure raised after Eurex experiences delays in opening for trading on Monday, 15 October

Credit rating agencies have been warning over risks associated with local government debt vehicles in China, which could trigger a wave of company defaults should they run into trouble

CFTC chair threatens EU with blocking access to US clearing facilities if EU does not relent on some of its proposals for overseeing overseas clearing houses

Prudential Financial becomes last US insurer to shake off the ‘too big to fail’ designation, with critics seeing it as a significant roll back of the Dodd-Frank Act