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
Subjects
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.
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.
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.
UK consults over its regulatory regime as Brexit looms
The UK Treasury is consulting over certain aspects of the UK’s financial regime ahead of Brexit
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.
ESMA consults on consolidated tape
The European Securities and Markets Authority (ESMA) is consulting on the consolidated tape concerning prices for pre- and post-trade equities data.
BaFin prepares for 'no deal' Brexit
Germany’s federal financial supervisory authority, BaFin, has implemented more than 50 laws in the event the UK leaves the EU on October 31 without a withdrawal agreement.
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.
Open API initiative progressing in Hong Kong
The open Application Programming Interface (API) framework is progressing towards the next phase, said the Hong Kong Monetary Authority (HKMA), with 20 retail banks participating.
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