Financial MarketsRSS

Bank of England asks banks to resist pressure over shifting euro clearing

The Bank of England has urged banks to resist EU pressure to shift euro clearing into the bloc, saying it could fragment markets and undermine financial stability. 

FINMA highlights syndicated loans as Libor transition laggards

Though Switzerland’s transition away from the London interbank offered rates (Libor) is largely on track, the Swiss Financial Market Supervisory Authority (FINMA) is concerned that some sectors, such as syndicated loans, are still lagging. 

Andrew Bailey

CBDCs could become stablecoin killers

The Bank of England may have to create a central bank digital currency (CBDC) or face its powers being undermined by sterling-backed stablecoins – a dilemma many central banks may have to confront. 

Swiss exchange

Swiss exchange gets go ahead to trade digital tokens

The SIX Digital Exchange (SDX) has been given the green light to operate a stock exchange and central securities depository (CSD) for digital assets by the the Swiss Financial Market Supervisory Authority (FINMA). 

President Xi

China’s regulatory crackdowns fray foreign investors’ nerves

Mounting regulatory and political pressures are pulling apart capital markets of the world’s two biggest economies, even as Wall Street firms ramp up their presence in China. 

Yvette Valdez

US crypto regulation starts to take shape

There are tentative signs that US policy-makers might be edging towards creating a more predictable regulatory environment for crypto, but hurdles remain and there is still concern that some of the eventual rules may prove damaging.

ETFs showed their mettle during Covid-19 'stress test'

The overall performance of exchange traded funds (ETFs) proved to be resilient during the bouts of extreme volatility triggered by the Covid-19 pandemic, the International Organization of Securities Commissions (IOSCO) said in a report published August 12. 

Online trading platforms potentially face greater regulation

The Securities and Exchange Commission (SEC) is requesting feedback on practices by some online trading platforms designed to keep customers trading.

City professionals see cryptocurrencies displacing fiat currencies within a decade

A survey of City of London financial services professionals revealed that more than three quarters of them expect cryptocurrencies to displace fiat currencies in the next five to 10 years.

Hong Kong regulators focus on ferreting out concentration risks following Archegos failure

Hong Kong’s regulators are developing systems to detect concentrated exposures in equities to help prevent another Archegos Capital Management type failure.