Mortgage default

Bank of England paper promotes ‘triple trigger’ theory for mortgage defaults

A Bank of England working paper further challenges the ‘option theory’ for mortgage defaults and finds the widely accepted ‘double trigger hypothesis’ to be potentially lacking as an explanation for non-payment

Bank dealing room

Norges Bank paper warns of faults with Libor replacements

A working paper from the Norwegian central bank points to some important flaws related to the alternative interest rate benchmarks being primed to replace the discredited Libor.

Justin Lyon

Tracking contagion risk could help contain financial crises

Being able to map contagion risks and interconnectedness could play an important role in helping regulators avert future financial crises, or at least ensure they are not as bad.

Randeep Battar

Digitisation becoming crucial for tackling regulatory fragmentation

As the number of rules increases, along with their interpretations by individual regulators, firms are having to turn to digital solutions so as not to become completely overwhelmed.

Daniel Carpenter

US research houses pondering MiFID II compliance at home

The research unbundling measures contained in MiFID II are already impacting US investment research firms, creating a dilemma for the SEC over what approach it should take on its home turf

Facebook’s Libra coin faces big regulatory hurdles

Authorities around the world are rounding on Facebook’s digital currency, the Libra, potentially threatening its launch. 

EU approves key Singapore financial benchmarks

The European Commission has approved certain Singaporean financial benchmarks meaning that companies in the EU can continue using them for trading derivatives products that are linked to them.

Marie-Charlotte Henseval, SWIFT

SWIFT expands its KYC services as banks prioritise AML fight

SWIFT expands its KYC Registry to include corporates as banks battle with compliance and increasingly large fines related to money laundering breaches.

ISDA selects Bloomberg for fallback calculations

Bloomberg Index Services has been chosen by the International Swaps and Derivatives Association (ISDA) to calculate and publish adjustments related to fallbacks that the association intends to implement for certain interest rate benchmarks under its 2006 Definitions.

IOSCO advises market participants to move to RFRs sooner

The International Organization of Securities Commissions (IOSCO) has added its voice to the growing chorus of calls for market participants to migrate to risk free rates (RFRs) and away from the London interbank offered rate (Libor).