The process allowing Singaporean interest rate benchmarks to be used in the EU has been completed following the signing of a memorandum of understanding (MoU) between the authorities of the two jurisdictions.

Following extreme bouts of market volatility, the Hong Kong Securities and Futures Commission (SFC) said it is pursuing a flexible approach so that markets continue to function properly, while safeguarding market integrity and investor protection.

Amendments to standards on risk weights for specialised lending exposures made by the European Commission have found approval with the European Banking Authority (EBA), which will endorse them.

As of December 2019, the European repo market stood at a record €8,310.3bn, compared with June 2019 when it was €7,761.4bn, an increase of 7.1% and a year on year rise of 5.9%, according to the International Capital Market Association (ICMA). 

Since its inception in 2012 as part of Dodd-Frank, the US Securities and Exchange Commission’s (SEC) whistleblower reward programme has paid out more than $400m as of April 16, 2020.   

The European Securities and Markets Authority (ESMA) has issued a ‘no action letter’ telling national competent authorities (NCA) that they can delay enacting sustainability disclosure requirements aimed at benchmark administrators.

Interested parties are being asked to comment on minor amendments to Switzerland’s liquidity regime for banks by the Swiss Financial Market Supervisory Authority (FINMA).

The Financial Stability Board (FSB) has put forward a set of high-level recommendations for the oversight and regulation of global stablecoins. 

The Financial Stability Board (FSB) is consulting on effective practices to deal with cyber incidents as they are a threat to global financial stability.