UK banks perform well in Bank of England stress tests

According to the Bank of England’s latest stress tests, the UK’s seven largest lenders could withstand a downturn more severe than the one a decade ago or a disorderly Brexit and still be able to keep credit flowing to the economy

Fears grow over hard Brexit ahead of parliament vote

Such is the political opposition to the withdrawal agreement signed between the EU and UK that there is an increasing chance that the UK could leave on WTO terms

Refinement needed on ESMA’s proposed approach to stress testing MMFs

Calls for more refinement around ESMA stress testing regime for money market funds

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


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