EuropeRSS

ESMA values EU derivatives market at €660tn with clearing rates rising

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

RFR working group encouraged by small take up of rivals to Ibor rates

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

PRA wants to delay some liquidity reporting requirements

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

Eurex experiences trade opening delay raising questions over resilience

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

Iceberg

PRA prompts financial firms to focus on climate risks

The PRA is stepping up pressure on banks to pay more attention to climate change related financial risks following a consultation that is likely to be a step towards eventual regulation

AMF finds good and bad practices relating to MiFID

France’s AMF finds a mix of good and bad practices in relation to MiFID II compliance following a thematic inspection at the beginning of the year

FDIC chair says international cooperation essential for resolution planning

In a speech, the FDIC chair said the US regulators are committed to redoubling efforts to foster international regulatory cooperation with regards to resolution planning for G-SIBs

Struggling eurozone states should get debt relief as part of reform package

ESFRC calls for struggling eurozone members states to receive debt relief and a recapitalisation of banks with high levels of non-performing loans in exchange for reforms

Flurry of optimism over looming Brexit deal quickly recedes

There was a brief flurry of optimism that the EU and UK were close to clinching a deal on their post-Brexit relationship, and though many of the obstacles appear to have been overcome, both sides downplayed the reports

Major EU lenders pass stress tests, but with some surprises

Tough stress tests show that Europe’s largest lenders can stomach considerable economic pain with the most surprising outcome being the poor performance of two UK banks