Swap dealers and commodity pool operators along with certain other financial users of derivatives instruments are to be subject to greater regulatory scrutiny, according to a Commodity Futures Trading Commission (CFTC) official.
Senator Warren expresses concern over credit ratings to SEC
US senator Elizabeth Warren said she is concerned about the way credit ratings are assigned, particularly for securitisations, and has written a letter urging Securities and Exchange Commission (SEC) chairman Jay Clayton to investigate.
SEC commissioner calls for reassessment of best execution
Best execution and the order protection rule, which broker-dealers have to comply with, should be reassessed, said Elad Roisman, a commissioner at the US Securities and Exchange Commission (SEC).
BIS worries about booming CLO market masking risks
The state of the securitisation market shares some characteristics with the conditions that prevailed in the run-up to the 2007-9 global financial crisis (GFC), the Bank for International Settlements (BIS) warned.
Bank of England paper promotes ‘triple trigger’ theory for mortgage defaults
A Bank of England working paper further challenges the ‘option theory’ for mortgage defaults and finds the widely accepted ‘double trigger hypothesis’ to be potentially lacking as an explanation for non-payment
Norges Bank paper warns of faults with Libor replacements
A working paper from the Norwegian central bank points to some important flaws related to the alternative interest rate benchmarks being primed to replace the discredited Libor.
Facebook’s Libra coin faces big regulatory hurdles
Authorities around the world are rounding on Facebook’s digital currency, the Libra, potentially threatening its launch.
ESMA consults on consolidated tape
The European Securities and Markets Authority (ESMA) is consulting on the consolidated tape concerning prices for pre- and post-trade equities data.
BaFin prepares for 'no deal' Brexit
Germany’s federal financial supervisory authority, BaFin, has implemented more than 50 laws in the event the UK leaves the EU on October 31 without a withdrawal agreement.
EU approves key Singapore financial benchmarks
The European Commission has approved certain Singaporean financial benchmarks meaning that companies in the EU can continue using them for trading derivatives products that are linked to them.
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