BLM Mairead McGuinness

EU might be prepared to take more lenient approach over location of euro clearing

A draft EU document has been circulated among users of euro clearing services suggesting that the European Commission might have subtly shifted its position on moving the activity out of London and into the bloc. 

FCA reception

Questions loom over FCA’s ability to regulate big tech

The UK’s Financial Conduct Authority is taking a greater interest in big tech’s foray into financial services. However, there are concerns over whether it has the capabilities to oversee an increasingly complex and rapidly evolving sector.

PRA says Basel '3.1’ will not see material rises in UK bank capital requirements

The implementation of the remainder of the Basel III prudential framework should not result in a significant increase in capital requirements for UK banks, the Prudential Regulation Authority (PRA) said.

Financial firms call on UK and Switzerland to speed up trade negotiations

UK and Swiss financial firms are calling on their respective governments to forge a ground-breaking deal on financial services to spur more cross-border business between the two jurisdictions.

Credit Suisse ups forecast for UK bank bad debts as economy deteriorates

The UK’s leading banks face racking up to £47bn in bad debts, warned Credit Suisse in a report, as the economy is expected to sink into a protracted recession. 

Vuk Magdelinic - Overbond

Could medical science come to the rescue if ESMA bans RFQs in fixed-income markets?

A medical data science technique could help solve a complex bond automation problem should ESMA ban the use of requests for quotes in fixed-income markets. By Vuk Magdelinic, CEO of Overbond

Jo Burnham

Regulators move to stop energy shock becoming a financial crisis

Financial regulators in Europe are buttressing banks to contain strains in the energy market and to stop them morphing into a full-blown financial crisis.

Bob Lyddon

Eurozone financial stability under “severe” threat

Alarm bells are ringing in the upper echelons of the EU that the bloc’s financial system is on a shaky footing, thanks to the energy shock, the war in Ukraine, inflation and rising interest rates.

GET time-bomb

UK pensions ‘time-bomb’ sounds global financial stability warning

Severe volatility in the UK’s government bond (gilts) market triggered by the unravelling of a pension fund investment strategy is a clear warning sign of other dangers lurking in a leveraged financial system.

UK recognises crypto as regulated financial instruments

The UK still maintains an ambition to become a major global crypto currency hub as it rebrands stablecoins as ‘digital settlement assets (DSAs)’ and recognises crypto as a regulated financial instrument.