Financial firms call on UK and Switzerland to speed up trade negotiations

UK and Swiss financial firms are calling on their respective governments to forge a ground-breaking deal on financial services to spur more cross-border business between the two jurisdictions.

Credit Suisse ups forecast for UK bank bad debts as economy deteriorates

The UK’s leading banks face racking up to £47bn in bad debts, warned Credit Suisse in a report, as the economy is expected to sink into a protracted recession. 

Vuk Magdelinic - Overbond

Could medical science come to the rescue if ESMA bans RFQs in fixed-income markets?

A medical data science technique could help solve a complex bond automation problem should ESMA ban the use of requests for quotes in fixed-income markets. By Vuk Magdelinic, CEO of Overbond

Jo Burnham

Regulators move to stop energy shock becoming a financial crisis

Financial regulators in Europe are buttressing banks to contain strains in the energy market and to stop them morphing into a full-blown financial crisis.

Bob Lyddon

Eurozone financial stability under “severe” threat

Alarm bells are ringing in the upper echelons of the EU that the bloc’s financial system is on a shaky footing, thanks to the energy shock, the war in Ukraine, inflation and rising interest rates.

GET time-bomb

UK pensions ‘time-bomb’ sounds global financial stability warning

Severe volatility in the UK’s government bond (gilts) market triggered by the unravelling of a pension fund investment strategy is a clear warning sign of other dangers lurking in a leveraged financial system.

UK recognises crypto as regulated financial instruments

The UK still maintains an ambition to become a major global crypto currency hub as it rebrands stablecoins as ‘digital settlement assets (DSAs)’ and recognises crypto as a regulated financial instrument. 

Michael Barnett Quillon Law

Could removing bankers’ bonus caps lead to another financial crisis?

While scrapping bonus caps is unlikely to result in another financial crisis in itself, the change in the way bankers are remunerated must come with safeguards to avoid any potential repeat of a culture of excessive risk-taking.

UK’s CCPs pass exploratory stress test

The three UK central counterparty clearing houses (CCPs) were able to withstand a simulated simultaneous default of two clearing members resulting in the largest losses or negative liquidity, according to a Bank of England (BoE) stress test. 

FCA hiring crypto experts, but UK still lagging behind others on new rules

Some 15 crypto experts are being sought by the UK’s Financial Conduct Authority (FCA) to bolster its fledgling wholesale crypto policy unit – a move largely welcomed by the industry with the regulator facing a backlog of licensing requests.