Regulation

  • US-EU trading venue deal could signal path to come for UK

    US-EU trading venue deal could signal path to come for UK

    A decision by the US Commodity Futures Trading Commission (CFTC) last week regarding European Union multilateral trading facilities (MTFs) and organised trading facilities (OTFs) could be a glum preview of the UK’s cross-border regulatory affairs.

  • DoL proposal misses the mark on ESG

    DoL proposal misses the mark on ESG

    The US Department of Labour (DoL) has proposed what it characterises as a reiteration of what has always been required of retirement fiduciaries — that they act in the best interest of their beneficiaries — urging them to disregard ESG considerations in investment decisions. In doing so, it appears not to have noticed the last decade in financial markets, which has shown that ESG investing is very much in investors’ interests.

  • Investors plead with US government over 'chilling' ESG rule

    Investors plead with US government over 'chilling' ESG rule

    The US Department of Labour is nearing the end of a comment period for a proposed rule that would hinder some investors’ ability to allocate money to environmental, social and governance (ESG) assets. Investors and advocacy groups have shown their alarm by pouring in requests for an extension to Thursday's deadline, writes Max Adams.

  • National adoption of covered bond directive still on track

    National adoption of covered bond directive still on track

    The transposition of the covered bond directive into national legislative frameworks is expected to have been completed by all member states within the next six months. But the clock is ticking, and a decision on whether to postpone implementation will be discussed in September.

  • LCR amendment to help covered bonds

    LCR amendment to help covered bonds

    After reaching a provisional agreement with member states, the European Commission is expected to open a consultation to amend the liquidity coverage ratio (LCR) for banks during the fourth quarter. The revision is expected to improve the efficiency of covered bond funding as issuers will now be able to count the same 30 day liquidity held within their covered bond programme towards the LCR too.

  • ESG covereds due post-Taxonomy take off

    ESG covereds due post-Taxonomy take off

    The primary market for covered bonds with environmental, social or governance (ESG) purposes has been exceptionally strong this year, and with the European Union’s Taxonomy regulation recently coming into force and strong execution happening even in difficult market conditions, there are high hopes that issuance will scale new heights.

  • BRRD 2 could crush MREL volumes in the Nordics

    BRRD 2 could crush MREL volumes in the Nordics

    Subordinated bond issuance could decline dramatically among Nordic banks following implementation the EU’s new bank recovery and resolution directive (BRRD 2), Fitch said this week.

Regulation News Archive