Regulation & Clearing

  • Markets must face up to new deadlines for Libor transition

    Markets must face up to new deadlines for Libor transition

    Banks should stop issuing loans and bonds linked to Libor by October, according to the Bank of England’s Working Group on Sterling Risk-Free Reference Rates. But the scale of the challenge facing firms, particularly in the loan market, is causing concern.

  • CFTC fines Mirae Asset Daewoo for spoofing

    CFTC fines Mirae Asset Daewoo for spoofing

    South Korea’s Mirae Asset Daewoo has been ordered to pay $700,000 after a US Commodity Futures Trading Commission investigation found one of its traders had engaged in spoofing.

  • Safe eases onshore FX derivs hedging for foreign investors

    Safe eases onshore FX derivs hedging for foreign investors

    The State Administration of Foreign Exchange (Safe) will allow foreign investors to participate directly in the interbank FX derivatives market so they can hedge their foreign exchange risks from investing in onshore renminbi bonds, according to a Monday notice.

  • Brexit is just beginning

    Brexit is just beginning

    While voters who wanted to get Brexit done won a clear path to leave the European Union in December’s general election, the financial industry should be preparing itself for a protracted period of scattered and gruelling negotiations.

  • ESMA releases reaction to Nasdaq CCP blow-up

    ESMA releases reaction to Nasdaq CCP blow-up

    The European Securities and Markets Authority has published the outcome of its analysis and follow up actions on central clearing counterparties' membership criteria and due diligence in the wake of the 2018 default at Nasdaq Clearing.

  • ESMA puts out final SFTR report

    ESMA puts out final SFTR report

    The European Securities and Markets Authority has published its final report and guidelines on reporting under the Securities Financing Transactions Regulation.

  • Bailey seen as ‘safe’ leader for BofE, despite lack of monetary experience

    Bailey seen as ‘safe’ leader for BofE, despite lack of monetary experience

    Andrew Bailey is seen as a ‘safe pair of hands’ as the new governor of the Bank of England. But while he is a veteran of the bank, his views on monetary policy are not well known, as he has never served on the Monetary Policy Committee. In that respect, though a career central banker, he resembles Christine Lagarde, who has taken the helm at the European Central Bank.

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