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Latest on Regulation
Ex-regulators back PTFs’ call to reform Treasuries clearing
G30 proposal comes just weeks after PTFs requested improvements to Ficc sponsored clearing
Banks hail UK plan to pare scope of taxing pre-trade reporting
UK wants to exempt bonds and OTC derivatives from Mifid rules on pre-trade transparency
After bruising EU model review, banks ask: ‘Why bother?’
Post-Trim changes erode capital savings from internal models while raising their running costs
Latest
Quotes
https://www.risk.net/regulation/7847581/ec-drafting-proposal-for-derivatives-consolidated-tape
Tilman Lueder, European Commission
You need universal adoption of the LEI within a family tree and you need some sort of requirement to provide this information and make it accurate. Right now, neither exists
Matt Reed, formerly of the US Office of Financial Research
I’m not comfortable mandating that people clear something while at the same time disallowing access to a clearing house that provides the type of liquidity US clients seek to most effectively comply with the mandate
Dawn Stump, US Commodity Futures Trading Commission
Editor's Choice
Shades of green: sustainability guidance may not help EU funds
Talk of high SFDR hurdle for ESG funds stokes fears “sustainable” label will be unobtainable
Big Figure
Elusive objectives
Under the European Sustainable Finance Disclosure Regulation, article nine funds must have explicit sustainable investing objectives, whereas article eight funds need only promote sustainable characteristics. Fund managers find the article eight threshold much easier to meet.
Read the full articleRisk Management
Eurex plans hedging contest in default auction revamp
New step in the default management process would enhance transparency in hedge provider selection
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Comment
A bold step forward in climate-related financial risk supervision
Net losers? Benefits of clearing US Treasuries are cloudy
Our Take
G-Sib regime: something’s broken
US Treasuries: a venerable market in need of fresh thinking