From the very early days of Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories "EMIR", as amended by Regulation (EU)...more
The risk management frameworks, systems and margin models of Central Counterparties (CCPs) across the globe have been tested by huge swings in market volatility over recent months during the current pandemic. Their models and...more
7/13/2020
/ CCPs ,
Central Counterparties ,
Coronavirus/COVID-19 ,
Derivatives ,
ESRB ,
Financial Stability Board ,
FSB ,
G20 ,
Margin Requirements ,
Market Volatility ,
Risk Assessment ,
Risk Mitigation
The novel coronavirus (COVID-19) pandemic is presenting the global markets with unprecedented challenges. Governments, corporations and the financial markets have been struggling to evaluate and adapt to the social and...more
In 2012, the Wheatley Review recommended reform rather than replacement of LIBOR, on the basis that a transition to a new benchmark would pose an unacceptably high risk of financial instability. Reform came in the form of a...more
9/4/2019
/ Banking Sector ,
Benchmarks ,
Bonds ,
Compound Interest ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Interest Rates ,
ISDA ,
Lenders ,
Libor ,
Loan Market Association ,
Loans ,
Prudential Regulation Authority (PRA) ,
Public Consultations ,
Sterling Overnight Index Average (SONIA) ,
UK ,
Working Groups
On 3 July 2019, the UK's Financial Conduct Authority published a consultation paper in which it proposed to prohibit the sale to all retail clients of derivatives and Exchange Traded Notes (ETNs) that reference certain types...more
7/11/2019
/ Annual Reports ,
CATF Report ,
CFD Trading ,
Cryptoassets ,
Cryptocurrency ,
Derivatives ,
ETFs ,
Federal Bans ,
Financial Conduct Authority (FCA) ,
FSMA ,
Investor Protection ,
Public Consultations ,
Retail Investors ,
UK
There is no silver bullet for maintaining cross-border trading if the UK leaves the EU without a deal.
The date of Brexit has been delayed until (at least) October 31, 2019, but there is little sign that financial...more
7/1/2019
/ Commodities Traders ,
Cross-Border Transactions ,
Derivatives ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Agencies ,
Licensing Rules ,
Member State ,
MiFIR ,
MTFs ,
OTFs ,
Regulatory Requirements ,
Reporting Requirements ,
Securities ,
Securities Traders ,
Share Trading Obligation (STO) ,
Trading Platforms ,
Transparency ,
UK ,
UK Brexit ,
Venue