Financial MarketsRSS

CFTC approves NFA’s swap dealer capital model

The National Futures Association’s (NFA’s) swap dealer capital model has been deemed comparable with the Commodity Futures Trading Commission’s (CFTC) own swap dealer capital model requirements and review programme.

AXA warns UK money market funds are at risk from negative rates

The UK’s £47bn ($64bn) money market fund sector could be at risk should the Bank of England pursue negative interest rates, according to AXA Investment Managers.

Rory Green

China gears up for launch of digital currency – with global implications

Residents of Suzhou, an ancient city in the Yangtze Basin, recently pioneered China’s new digital currency – and banks and fintechs are taking note. 

Rick Watson

FSB warns of climate change threat to financial stability

Policy-makers and their advisers have at last recognised the implications of climate change on financial stability, marking a sea change in political sentiment on this issue. By Victor Smart

NYSE delists three Chinese companies following Republican criticism

The New York Stock Exchange (NYSE) reversed a decision not to delist three Chinese telecoms companies following pressure from the US Department of the Treasury. 

SEC pressures exchanges over data fees

A ruling by the US Securities and Exchange Commission (SEC) will force the leading US stock exchanges to share more of their data as the regulator attempts to energise competition in that area.

AMF chair calls for new approach to regulating fund management sector

The growth and internationalisation of the fund management industry has raised new challenges calling for a new approach towards regulating it, said the chair of French markets regulator, Autorité des marchés financiers (AMF), which could have implications for cross-border business. 

Benoit Coeure

CBDC experiment paves way for market infrastructure revolution

The infrastructure of financial markets came a step closer to being revolutionised following an experiment involving the Bank for International Settlements (BIS) and the Swiss National Bank (SNB) using central bank digital currencies (CBDCs) for settling transactions. By Justin Pugsley

Randall Quarles

US dollar Libor extended to 2023

The administrator of the US dollar London interbank offered rate (Libor) will keep the main tenors of the critical interest rate benchmark going until June 30, 2023 to give users more time to move to alternative rates. By Justin Pugsley 

CFTC and Consob sign MoU to co-operate on cross-border supervision

Markets regulators in the US and Italy have signed a memorandum of understanding (MoU) to co-operate and exchange information regarding the oversight and supervision of regulated firms that operate in both countries.