SubjectsRSS

AFME calls on EU to support green securitisations as investor interest grows

There is a growing interest from investors in green securitisations said the Association for Financial Markets in Europe (AFME) in a report, which is calling for more EU support for the sector. 

Brexit would leave the EU a significantly diminished capital markets player

Should the UK leave the EU, it will see the EU’s capital markets being smaller, less liquid and less well developed with France becoming the union’s dominant player, the think tank New Financial said in a report. 

Despite stronger credit ratings, European bank debt is riskier

A paradox of financial reforms is that European banks have become more robust over the last five years, but the debt they issue has become more risky, said Moody’s Investors Service in a report. 

Trading on pre-released polls is market abuse says FCA

Trading securities based on information from yet to be published polls could be a breach of the EU’s market abuse regulation (MAR), the UK’s Financial Conduct Authority said in a statement.

ISDA initial margin offering upgraded

New custody documentation has been added to the International Swaps and Derivatives Association (ISDA) Create’s initial margin (IM) offering, allowing users to complete all documentation required for regulatory IM on a single platform.

ESMA releases funds stress testing framework

A stress testing framework for investment funds has been developed by The European Securities and Markets Authority (ESMA) so national competent authorities (NCAs) can probe the sector’s robustness. 

Gavel

Transitioning away from Libor is littered with legal pitfalls

The end of Libor is a big challenge for market participants, but not anticipating some of the logistical issues involved in transitioning to alternative rates could result in a raft of costly legal actions

Rosalyn Breedy

UK retains strong attractions for financial firms post-Brexit

Brexit has cast a long shadow over the UK economy, fostering economic and political uncertainty. However, its regulatory and legal structures remain a strong attraction for financial firms to keep locating to the UK

GASB consults on guidance for shifting from Ibors to alternative benchmarks

The Governmental Accounting Standards Board (GASB) has published proposed accounting and financial reporting guidance to assist US state and local governments with the transition away from interbank offered rates (Ibors) to alternative reference rates.

Reasons for abnormal spikes in US repo rates puzzle analysts

Recent spikes in US repo market rates, sometimes as high as 10%, have been blamed on factors ranging from the Fed shrinking its balance sheet, technical glitches, regulatory reforms through to mishandling by the New York branch of the Federal Reserve.