Financial MarketsRSS
New ECB HQ

Trust is a key determinant of interbank activity, says ECB paper

The level of trust is a key driver of activity in the interbank market along with the stability of the country’s banking sector, its counterparties and its history of managing banking crises and failures, according to a working paper by the ECB.

ESMA consults over reporting standards for equivalence firms

A consultation has been launched by the European Securities and Markets Authority (ESMA) on the technical standards and reporting requirements for third-country firms providing investment services and activities in the EU. 

Sweden testing e-krona

The Riksbank, Sweden’s central bank, is testing the e-krona, potentially bringing the country closer to launching the first central bank digital currency. 

Flood of corporate bond issuance threatens investor returns

Floods of new corporate bonds coupled with very low interest rates represents a growing risk to investors in some of the world’s largest bond funds, according to asset manager GMO.  

ESMA flags range of risks from geopolitics to bigtech

High risks remain along with a weaker economic outlook as markets remain highly sensitive to geopolitical events, warned the European Securities and Markets Authority (ESMA) in its latest Trends, Risks and Vulnerability report.  

Bank of England orders banks to turbo charge move away from sterling Libor

On February 26, the Bank of England told banks to turbo charge their move away from the sterling London interbank offered rate (Libor) to avoid facing punitive regulatory sanctions. 

Nigel Brahams

MiFID/MiFIR face significant revisions as European Commission launches consultation

The EU’s markets and investors protection regime faces a significant overhaul, with the European Commission asking wide-ranging questions about its future. 

Subadra Rajappa

Despite progress SOFR deadlines remain a stretch

Though there have been some problems, the US is moving swiftly to transition away from Libor towards SOFR, but there are ongoing concerns over legacy contracts and cash products

SEC proposes making it easier for small firms raising finance online

It might soon become easier for start-ups to raise capital online if a proposal by the US Securities and Exchange Commission (SEC) goes ahead. 

Libra

Public-private partnerships best for digitising fiat currencies

Digital currencies are rapidly proliferating putting pressure on central banks to follow suit with fiat currencies. This would be best achieved by working with the private sector