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Frankfurt Stock Exchange

Failure to enact solutions is holding CMU back

A panel of industry experts at an AFME conference called on EU authorities to focus on balance and investor outcomes as part of their regulatory review partly meant to infuse momentum into the Capital Markets Union

Gavel

Transition to new interest rate benchmarks remains challenging despite DOJ ruling

An important set of protocols to help the transition away from the tarnished Ibors to alternative interest rate benchmarks have been given the green light by the US Department of Justice, but the industry still faces an uphill task in being ready on time 

Michael McKee web

Securities regulators turn to technology to make better sense of data

Technology is driving greater market transparency for supervisors, however, a lot of data is still going to waste meaning that there is still much work to be done before the data is used to its full potential.

Basel Committee ready to pursue more Covid-related measures if needed

Banks could get more regulatory relief should the Covid-19 pandemic prove particularly damaging over the winter period with many employees having to work from home again, the Basel Committee on Banking Supervision said. 

ESMA recognises three UK clearing houses as equivalent under EMIR

Three UK-based clearing houses have been recognised as eligible to provide their services in the EU, after the end of the transition period following the withdrawal of the UK from the EU on December 31, 2020, the European Securities and Markets Authority (ESMA) said in a statement.

Daniela Klasen-Martin

Towards a greener future: a defence of the EU’s taxonomy laws

EU regulators are hoping to attract huge flows of private capital into green investments, through regulatory initiatives such as the green benchmarks, in a bid to create a more sustainable economy 

Heather Adams

Banks can’t rest on laurels over operational resilience

With a second wave of Covid-19 sweeping through the UK, the operational resilience of banks and their suppliers is once again under the spotlight with many of their staff having to once again work remotely

Daniel Carpenter

Spread of transaction taxes raises important operational issues

It is widely assumed that the expense of Financial Transaction Taxes is simply that of the tax itself, but in reality the processes financial firms need to comply with them can be even more costly 

Katja Haeferer

Whistleblowing increasingly seen by regulators as important for exposing misconduct

Some regulators are beginning to see the benefits of whistleblowing in helping them route out misconduct, but so far, there is a reluctance to mirror some aspects of the US approach

Alexander McGill

Preparing for the shift to digital regulatory reporting

The UK regulator’s Digital Regulatory Reporting initiative could dramatically reduce reporting costs, but such digital technologies will require significant investment that financial firms need to prepare for