Category Archives: Update

FSOC publishes 2020 annual report

The Financial Stability Oversight Council (FSOC) – the United States federal government organization, which identifies risks to the financial stability of the United States, promotes market discipline and responds to emerging threats to the stability of the U.S. financial system – published its 2020 annual report the 3rd December. This year’s report analyses the financial […]

The FSB provides a comprehensive report to the G20 regarding the recent COVID-19 turmoil

The Financial Stability Board (FSB) – the international body that monitors and makes recommendations about the global financial system – delivered a report to G20 leaders on the 17th November, ahead of their 21st November Summit held virtually under the presidency of Saudi Arabia. The report, titled “Holistic Review of the March Market Turmoil” provides […]

ESMA publishes a list of qualified candidates for the new chair

On the 26th November 2020, the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, published a shortlist of qualified candidates for the position of Chair. ESMA has sent the details of the candidates to the Council of the European Union (CEU) and the European Parliament (EP). Following confirmation of by the parliament, […]

The SEC provides a statement on EU CCPs authorized under EMIR seeking to register as a clearing agency or to request SEC exemptions

The Securities and Exchange Commission (SEC) released a policy statement on 23 November 2020 providing guidance to Central Counterparties (CCPs) which are authorized under the European Markets Infrastructure Regulation (EMIR) to support these EU CCPs in the event that they seek to access and operate in the United States (U.S.) securities markets. The policy statement […]

ESMA updates Brexit statements which addresses the impact on reporting under EMIR and SFTR

The European Securities and Markets Authority (ESMA) has issued a range of updated statements to address the impact on reporting under the European Market Infrastructure Regulation (EMIR) and the European Union (EU) Securities Financing Transaction Regulation (SFTR). This follows the previously published documents which were in prepared as a contingency for a no-deal Brexit scenario […]

The Bank for International Settlements release the OTC Derivatives Statistics for end-June 2020

On Monday 9thNovember 2020, the Bank for International Settlements (BIS) released their OTC Derivatives Statistics Report for June-end 2020, covering key data across the OTC and centrally cleared derivatives markets. The BIS statistics are an important and unique source of data about the structure of and activity in the global financial system. Compiled in cooperation […]