The adjusted risk free rate (RFR) based on the compounded setting in arrears rate (CSAR) is statistically the most robust fallback alternative to the London Interbank Offered Rate as it most closely reflects Libor market conditions.
Harmonising data ‘would help alleviate regulatory fragmentation’
One aspect of regulatory fragmentation is the multitude of national reporting requirements. But given that many of these requirements are based on globally agreed regulatory frameworks, there is some optimism that greater data harmonisation can be achieved. By Justin Pugsley.
CCPs geared for ‘no-deal’ Brexit, but other markets could suffer
A UK parliamentary committee has been told that CCPs are well prepared for a ‘no-deal’ Brexit scenario with regulators having put forward viable contingency plans. However, for much of the rest of the financial ecosystem, uncertainty persists. By Justin Pugsley.
Eight banks accused by EC of distorting market competition in bonds
It appears that the European Commission has unearthed another conduct related scandal, this time involving distorting competition in the trade in eurozone government bonds
Non-bank financial entities continue to expand, but at slower pace - FSB
Non-bank financial entities, sometimes called shadow banks, are continuing to grow says the FSB, albeit at a slower pace. Nonetheless, it has identified some areas where systemic risks could be lurking
China further liberalises its capital markets to foreign investors
China’s regulators are taking further steps to make it easier for foreign investors to participate in its domestic capital markets
Spike in Italian bond yields poses challenges for bank refinancing - BoI governor
Spikes in Italian debt yields and spreads leaves the country’s banks vulnerable to refinancing challenges, the governor of the Bank of Italy said at a conference
FCA asks firms to have contingency plans in areas outside its control
The FCA asks for financial firms to have contingency plans in place in areas it does not cover in the event the UK leaves the EU without a deal on March 29
ESMA makes clarifications around reporting requirements in case of hard Brexit
ESMA makes clarifications around reporting requirements for derivatives transactions under Emir in the event the UK leaves the EU on March 29 without a deal
PBoC sets up macro-prudential bureau to curb systemic risks
China’s central bank has established a new macro-prudential management bureau with a view to improving the detection and management of systemic risks in the financial system
Most Viewed
- EMIR REFIT has potential to trigger unintended consequences
- The return of geopolitics will cause global banks considerable headaches
- Could an outcomes-based approach heal regulatory fragmentation?
- The PRA’s demanding liquidity framework is a commercial opportunity
- Link between sovereign debt and bank solvency must be cut
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