Financial MarketsRSS

Wild volatility in Gamestop shares attracts regulators

Frenzied trading and wild price volatility in the shares of certain companies has caught the attention of US regulators and has even seen an intervention by Janet Yellen, the US Treasury secretary. 

Major milestone achieved on road to Libor exit

The week of January 25 marked a major milestone for interest rate benchmark reforms the International Swaps and Derivatives Association (ISDA) said, with more than 12,000 entities and rising across nearly 80 jurisdictions having adhered to its protocol. 

CFTC approves NFA’s swap dealer capital model

The National Futures Association’s (NFA’s) swap dealer capital model has been deemed comparable with the Commodity Futures Trading Commission’s (CFTC) own swap dealer capital model requirements and review programme.

AXA warns UK money market funds are at risk from negative rates

The UK’s £47bn ($64bn) money market fund sector could be at risk should the Bank of England pursue negative interest rates, according to AXA Investment Managers.

Rory Green

China gears up for launch of digital currency – with global implications

Residents of Suzhou, an ancient city in the Yangtze Basin, recently pioneered China’s new digital currency – and banks and fintechs are taking note. 

Rick Watson

FSB warns of climate change threat to financial stability

Policy-makers and their advisers have at last recognised the implications of climate change on financial stability, marking a sea change in political sentiment on this issue. By Victor Smart

NYSE delists three Chinese companies following Republican criticism

The New York Stock Exchange (NYSE) reversed a decision not to delist three Chinese telecoms companies following pressure from the US Department of the Treasury. 

SEC pressures exchanges over data fees

A ruling by the US Securities and Exchange Commission (SEC) will force the leading US stock exchanges to share more of their data as the regulator attempts to energise competition in that area.

AMF chair calls for new approach to regulating fund management sector

The growth and internationalisation of the fund management industry has raised new challenges calling for a new approach towards regulating it, said the chair of French markets regulator, Autorité des marchés financiers (AMF), which could have implications for cross-border business. 

Benoit Coeure

CBDC experiment paves way for market infrastructure revolution

The infrastructure of financial markets came a step closer to being revolutionised following an experiment involving the Bank for International Settlements (BIS) and the Swiss National Bank (SNB) using central bank digital currencies (CBDCs) for settling transactions. By Justin Pugsley