A working paper from the Norwegian central bank points to some important flaws related to the alternative interest rate benchmarks being primed to replace the discredited Libor.
Financial Markets
Tracking contagion risk could help contain financial crises
Being able to map contagion risks and interconnectedness could play an important role in helping regulators avert future financial crises, or at least ensure they are not as bad.
ESMA consults on consolidated tape
The European Securities and Markets Authority (ESMA) is consulting on the consolidated tape concerning prices for pre- and post-trade equities data.
AMF to study impact of MiFID II rules on investment research
The Autorité des Marchés Financiers (AMF) is looking at how the markets in financial instruments directive (MiFID) II has influenced the market for investment research and in particular the impact it has had on analyst coverage of smaller listed companies.
Hong Kong tightens up stock market listings regime
Following a consultation, the Hong Kong Securities and Futures Commission (SFC) said it will work closely with the Hong Kong Stock Exchange (HKEx) and is amending listing rules to clamp down on backdoor listings and shell activities.
ISDA selects Bloomberg for fallback calculations
Bloomberg Index Services has been chosen by the International Swaps and Derivatives Association (ISDA) to calculate and publish adjustments related to fallbacks that the association intends to implement for certain interest rate benchmarks under its 2006 Definitions.
IOSCO advises market participants to move to RFRs sooner
The International Organization of Securities Commissions (IOSCO) has added its voice to the growing chorus of calls for market participants to migrate to risk free rates (RFRs) and away from the London interbank offered rate (Libor).
Cash margin derivatives rule delayed until September 2021
Smaller asset managers have been given another 12 months, until September 2021, to comply with rules requiring them to set aside cash margins for their non-cleared derivatives transactions.
FSB lengthens SFT implementation deadlines
The Financial Stability Board (FSB) has prolonged implementation deadlines relating to financial stability risks for securities financing transactions (SFTs).
FINMA awards licences to two blockchain firms
Two blockchain firms, SEBA Crypto and Sygnum, have been granted banking and securities dealers licences by Switzerland’s Financial Market Supervisory Authority (FINMA).
Most Viewed
- Market participants lobbying over short Emir 2.1 timelines
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- The digitisation of financial services highlights regulatory and technological hotspots
- Firms turning to automation to keep pace with anti-money laundering rules
- EU moves towards its own crypto-asset regime
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