International

    Securities / Derivatives

    ESMA Recommends Lower Short Position Reporting Threshold

    By Editors | 24/05/2021

    ESMA says a “substantial amount” of essential information became available to NCAs after the notification threshold was lowered to 0.1% last year.

    Enforcement

    Nomura, UBS, UniCredit Fined for Participating in Trading Cartel

    By Editors | 24/05/2021

    During Europe’s sovereign debt crisis, the banks shared information about their EGB bidding and trading strategies in Bloomberg terminal chat rooms.

    Market Infrastructure

    CME Group to be Recommended as SOFR Term Rate Administrator

    By Editors | 24/05/2021

    A recommended SOFR term rate is now in clear sight, said Tom Wipf, ARRC Chairman and Vice Chairman of Institutional Securities at Morgan Stanley.

    AML / KYC

    Hong Kong to Bar Retail Investors from Crypto Trading

    By Manesh Samtani | 24/05/2021

    Hong Kong’s FSTB has issued consultation conclusions on the new licensing regime for VASPs and a new registration regime for precious metals dealers.

    Capital / Liquidity

    ISDA Calls for Uniform Approach to Risk Data Reporting

    By Manesh Samtani | 22/05/2021

    Regulators would have a greater degree of confidence in the consistency and accuracy of the risk data being collected if they used an established industry standard in their reporting requirements.

    Enforcement

    SEC Penalises S&P Dow Jones Indices for Disclosure Failure

    By Ranamita Chakraborty | 22/05/2021

    The SEC settled charges against S&P DJI for the dissemination of stale index values which resulted from an undisclosed quality control feature.

    Big Picture

    Infrastructure Critical for Successful CBDC Development – Report

    By Sanday Chongo Kabange | 22/05/2021

    A new report analyses the four axes of consideration for the design features of all CBDCs, as proposed by the IMF, and the implications each choice has on infrastructure.

    Big Picture

    CBDCs Present Central Banks with Risk-Benefit Trade-off: Fitch

    By Sanday Chongo Kabange | 20/05/2021

    The potential for funds to move quickly into CBDC accounts could cause credit strains in some banks and push up interest rates.

    Market Infrastructure

    ICMA Publishes ‘Success Criteria’ for Sustainable Finance Taxonomies

    By Editors | 20/05/2021

    ICMA compares the main features and methodologies of official taxonomies and provides five success criteria for use in benchmarking.

    ESG / Sustainability

    CFA Institute Proposes Harmonised ESG Disclosures for Funds

    By ESG Investor | 20/05/2021

    An exposure draft from CFA Institute outlines a proposed disclosure framework for ESG-focused investment products.

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