Financial MarketsRSS

[US REGS] BIS blames hedge funds for worsening repo market volatility

The Bank for International Settlements says the actions of leveraged hedge funds exacerbated volatility in the US repo markets.

David Clark

EU countries attempt CMU reboot

The capital markets union has been an EU dream that never seems to quite materialise. An initiative by seven EU countries is attempting to push it forward, but most commentators are sceptical of it succeeding 

Chris Woolard

FCA ponders UK rules post-Brexit

A conversation is beginning around the future of the UK’s regulatory regime post-Brexit, with the Financial Conduct Authority (FCA) talking about adopting a broader outcomes-based approach and is even questioning disclosure levels. By Justin Pugsley 

Scott O'Malia

Derivatives industry needs tech revolution as it struggles with ageing infrastructure

ISDA is trying to renew the infrastructure supporting the derivatives market in an effort to support more standardisation and digitisation so as to increase efficiency 

European Commission HQ

EU authorities open to considering technical tweaks to MiFID II

An upcoming review of MiFID II has been welcomed by the industry as an opportunity to make some technical changes to the directive so it is easier to comply with

Colleen Baker web

Battle between CCPs and their members steps up a notch

Clearing house members are becoming increasingly determined to force clearing houses to shoulder more risk as part of the services they provide and are taking their message to regulators

Libra

Supervisors question stability of stablecoins

Stablecoins are the latest cyber-asset trend to worry supervisors who are concerned that they may pose a systemic threat and could even undermine central bank monetary policy

BPI sees likelihood of more repo market volatility at year-end

Despite the US Federal Reserve Board’s actions to stabilise the repo markets, rates are likely to spike again at year end due to the global systemically important bank (G-SIB) capital surcharge, said the Bank Policy Institute (BPI)

Dombrovskis spells out commission priorities around green finance and deeper EU capital markets

In a speech about Europe’s capital markets, European Commission vice-president Valdis Dombrovskis discussed the new commission’s priorities for sustainable and green finance. 

FSB sees limited further progress on implementing OTC derivatives reforms

Between the end of November 2018 and the end of September 2019, further progress has been limited on implementing reforms for the over-the-counter (OTC) derivatives market, the Financial Stability Board (FSB) said.