It turns out that crypto is not an independent parallel financial system after all and is closely tethered to the traditional financial system and its recent meltdown will see policy-makers double down on regulating the sector. By Justin Pugsley
Financial Markets
Policy-makers ponder tackling systemic debt vulnerabilities
Private sector debt ratcheted up during the Covid-19 pandemic. Now regulators want to figure out how this will hit countries facing a post-pandemic recession – and what policy-makers can do to ease the pain.
IOSCO seeks to guide securities regulators on market data fees row
Traders in secondary markets argue they are getting short-changed on data – and global standard setter IOSCO agrees and is urging securities regulators to tackle the problem.
UMR threatens to bar smaller financial firms from OTC derivatives markets
Smaller financial firms could be frozen-out of parts of the over-the-counter derivatives market if they do not quickly implement the systems required under uncleared margin rules.
Gensler’s game-changing equity markets revamp faces tall hurdles
US equities markets face the biggest shake-up in decades if SEC chair Gary Gensler gets his way, but it will be a journey strewn with legal obstacles that could ultimately sink the whole project.
EU brings crypto into regulatory perimeter
Crypto-assets, their issuers and crypto-asset service providers (CASP) have been pulled into an EU-wide regulatory framework for the first time following a provisional agreement between the European Council and the European Parliament announced on June 30.
ESMA concerns point to likely regulatory focus
Financial markets risks are at their highest level due to the deteriorating geopolitical and economic environment, said the European Securities and Markets Authority (ESMA) in an assessment update on June 9.
Binance scores ‘coup’ with French registration
The Autorité des marchés financiers (AMF) has granted the controversial crypto exchange Binance approval to operate in France making it the first major European country to do so.
ESMA calls for framework to better detect ‘Archegos’ like risks
The 2021 collapse of the family office Archegos Capital Management prompted the European Securities and Markets Authority (ESMA) to recommend creating a framework enabling supervisors to better monitor risks related to derivatives.
FCA floats idea of simplifying UK listing regime
Companies listing on the UK stock market would only need to meet one set of criteria with the option to opt into further obligations, according to a proposal from the Financial Conduct Authority (FCA), which is aiming to make the country’s listing regime more attractive.
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