Financial MarketsRSS

CFTC to hold public roundtable on derivatives non-intermediation

A public roundtable is to be held on May 25 by the Commodity Futures Trading Commission (CFTC) to discuss issues around the non-intermediation of derivatives trading and clearing.

John Yeap

Hong Kong’s push into carbon markets hobbled by lack of ‘trust’

Hong Kong is the latest entrant into the voluntary carbon market with a remit to channel much-needed overseas funds into mainland China. Its new regulatory regime needs to overcome a crippling lack of trust in offsets despite their vast growth prospects. 

Bond markets

Study finds Paris agreement has pushed up yields on bonds issued by carbon intensive firms

Firms with poor environmental records or a high carbon footprint are already facing higher costs due to a hit to their credit ratings and investor squeamishness towards buying their debt, finds a study published by the Federal Reserve Bank of New York.

Emmanuel Asuquo

IOSCO urges regulators to tackle gamification and scammers

Global standard-setter IOSCO is warning financial regulators to tackle the gamification of stock markets and the growing number of scammers as retail trading surges.

IOSCO suggests data consolidation may help market participants with fair access

Consolidation may improve access to secondary equity market data in some circumstances, and could help reduce its costs, identify liquidity and compare execution quality in jurisdictions where there may be fragmented liquidity, said the International Organization of Securities Commissions (IOSCO). 

Kate Gee

FSB: is crypto a threat to global financial stability?

February’s report on crypto assets from the Financial Stability Board is a call to arms as it contemplates the sector’s rapid growth and potential threat to financial stability. 

Beefed up SEC enforcement unit suggests stricter policing of crypto markets

The Securities and Exchange Commission (SEC) is adding another 20 enforcement staff to its crypto and cyber enforcement unit, signalling more zealous clamp downs of abuses in these sectors. 

New York Fed renews commitment to FX global code of conduct

In a statement on April 4, the Federal Reserve Bank of New York said it had renewed its commitment to the updated FX Global Code of conduct designed to drive better behaviour in the currency markets. 

Yellen says US CBDC question should consider dollar’s global role

Considerations around rolling out a US central bank digital currency (CBDC) should take into account the global role of the US dollar, said US Treasury secretary Janet Yellen. 

Equity ticker

MiFID II failed to open up investment research market

Investment research budgets remain concentrated on a hard core of bulge-bracket banks, despite the best efforts of the Markets in Financial Instruments Directive (MiFID) II to open up the market, according to Substantive Research.