Global standard setters said legacy non-centrally cleared derivative contracts do not need amending to address interest rate benchmark reforms and do not need to apply margin requirements.

The UK’s regulators hosted the first meeting of the Climate Financial Risk Forum (CFRF) where it was decided to set up four working groups to focus on risk management, scenario analysis, disclosure, and innovation.

Europe is not the only place where there are calls for a financial transaction tax, with Peter DeFazio, a Democrat in the US House of Representatives, calling for one that specifically targets high frequency trading (HFT).

Exchange traded funds (ETFs) could exacerbate price swings during periods of market volatility and trigger a systemic event, warned an academic.

US and Singapore announced on March 13 that they have decided to grant mutual recognition regarding certain derivatives trading venues.  

Responses to the German Finance Ministry’s consultation on its implementation of EU markets and infrastructure rules one year on showed a distinct clash of views over a particular area of competition.

Though financial stability is seen as the most mature area of regulatory reform, banks are expecting significant ongoing revision in that area, said Boston Consulting Group (BCG) in a report.

UBS has been slapped with a record £27.6m by the UK’s Financial Conduct Authority (FCA) for misreporting close to 135.8m transactions over nine and a half years.