Latest regulation news

• What a QT! BofE lays out plans

  

  Andrew Hauser, executive director, markets, at the Bank of England, outlined on Wednesday how his institution would slim down its balance sheet when the time came to do so. He said that this would likely involve selling assets rather than simply letting them run off, but explained that the bank would work in collaboration with the debt management office on this.

  • 18 Jul 2019

• New Commission boss pledges €1tr of sustainable finance

  

  After her narrowly passed confirmation vote in the European Parliament on Tuesday evening, new European Commission head Ursula von der Leyen is set to establish a sustainable investment plan and to green the European Investment Bank.

  • 17 Jul 2019

• ARRC sets sights on Libor fallbacks for consumer loans

  

  The Alternative Reference Rates Committee (ARRC) is working to set guidelines for consumer loans in its latest efforts to prepare capital markets for the end of Libor.

  • 15 Jul 2019

• FCA’s Bailey urges loan market to switch to Sonia

  

  Andrew Bailey, CEO of the UK’s Financial Conduct Authority, said on Monday that progress was needed in the next “year or so” in moving the loan market away from Libor. He added that the consent solicitation undertaken by Associated British Ports to switch an FRN to Sonia was a model for other borrowers.

  • 15 Jul 2019

• ESMA slaps Regis-TR with €56,000 fine

  

  The European Securities and Markets Authority (ESMA) has fined trade repository Regis–TR €56,000 for failing to provide direct and immediate access to details of derivative contracts to regulators.

  • 15 Jul 2019

• Von der Leyen bids to green the EIB

  

  Ursula von der Leyen has proposed setting up an EU sustainable investment plan and refocusing the European Investment Bank more around climate, in a list of written commitments sent to the bloc’s main political groups one day before she will be confirmed or rejected by the European Parliament as the next president of the European Commission.

  • 15 Jul 2019

• SEC warns of ‘exacerbated’ risks from delaying transition from Libor

  

  The Securities and Exchange Commission (SEC) has published a report highlighting the urgency for market participants to speed up the discontinuation and transition away from Libor to alternative reference rates.

  • 15 Jul 2019

• Esma cancels ‘shadow ratings’ fine for Nordic banks

  

  The European Securities and Markets Authority (Esma) has had to row back on fines for four Nordic banks for issuing credit ratings, after an appeal board found that the banks had not broken the rules negligently.

  • 15 Jul 2019

• Influential fin reg committee shunned by new MEPs

  

  The European Parliament’s Economic and Monetary Affairs Committee (ECON), which has responsibility for several upcoming proposals with huge consequences for banks and financial markets, is now struggling to attract members. Parliamentarians appear more concerned by environmental and civil liberties matters.

  • 15 Jul 2019

• Risk-weight fiddling won't save planet

  The pace of growth in green mortgage financing is improving, but it is still woefully inadequate, particularly with respect to covered bonds where there are no price advantages. Fiddling with mortgage risk weights while the world burns will not change behaviour quickly enough.

  • 11 Jul 2019

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