EuropeRSS

DSB consults on UPI fee model

The Derivatives Service Bureau (DSB) has launched a first consultation on the principles governing its fee model for its upcoming Unique Product Identifier (UPI) service

Bank of England

Bank of England speech revives UK negative interest rate speculation

A speech from a Bank of England official has rekindled speculation that the central bank might be seriously considering cutting the UK base rate, currently at 0.1%, into negative territory saying this could provide a significant economic stimulus. 

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ECB’s aim of encouraging cross-border eurozone bank mergers faces hurdles

Fitch Ratings sees significant obstacles to the European Central bank’s (ECB) desire for cross-border consolidation in the eurozone banking sector to improve resilience.

AMF/AFM propose EU ESG framework

A joint framework proposed by market regulators in France and the Netherlands, aimed at greening the EU economy, could become a core part of the European Commission’s sustainable finance strategy.

AXA warns UK money market funds are at risk from negative rates

The UK’s £47bn ($64bn) money market fund sector could be at risk should the Bank of England pursue negative interest rates, according to AXA Investment Managers.

European banks are robust, but EBA warns over deterioration in assets

The European Banking Authority is concerned about the quality and structurally low profitability of European banks’ assets, despite their solid capital and liquidity positions.

Covid, recession and Brexit to influence UK regulation in 2021

Significant macroeconomic headwinds including a Covid-19-induced recession, mounting debt and the end of the Brexit transition period will impact all areas of financial services in 2021, meaning plenty more work for compliance departments over the course of 2021. By Frank Brown, risk and transformation practice lead at Bovill.

2021

Global regulation in 2021: reaction, reflection and a return to priorities

The year 2020 defied expectations and saw disruption to both financial markets and regulatory agendas. As the world recovers, 2021 is shaping up to be defined by continued regulatory reactions to the Covid-19 pandemic, and geopolitical changes such as the UK’s exit from the EU. 

European open-ended funds showed resilience during March market volatility

Open-ended type funds in Europe did a good job managing the market turmoil caused by the Covid-19 pandemic in March 2020

ECB could pivot QE programme away from carbon-intensive companies

Economists believe that the European Central Bank (ECB) is set to pivot its quantitative easing programme by ceasing to purchase bonds issued by fossil fuel-intensive companies as part of a pioneering approach towards  climate change.