Latest on Regulation
EU crypto rules would allow terra, just not as a stablecoin
Final laws set to prevent algorithmic coins from styling themselves as “stable”, says insider
Industry warns SEC bond disclosure plan may backfire
Extending rules for OTC equities to 144A bond issues could result in less price transparency
EU pension fund clearing exemption set to be extended
Extra 12 months’ grace from mandatory swap clearing, but some fear effect on EU CCP liquidity growth
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Quotes
Each institution had to make a choice either to increase its capital or reduce its business activity based on its own circumstances in order to stay within the regulatory ceiling
Indian derivatives industry source
Billions of dollars have been spent on regulatory reporting since 2008, it’s an enormous cost to the industry
Brian Lynch, SteelEye
The EU are probably concerned about divergence with the UK competitive environment and worried about international investors that can potentially go elsewhere if there is a divergence
David Stevenson, Aegon Asset Management
Editor's Choice
Credit risk capital models hanging by a thread in the US
Industry insiders expect Fed to drop IRB and IMM when adopting Basel III, but market risk models may survive
Big Figure
Carbon credibility
The European Commission has partly accepted the argument that increased depth in the market for trading carbon allowances means capital requirements designed by the Basel Committee should be softened. But the proposal now faces pushback from other lawmakers.
Read the full articleDerivatives
Capital-protected notes surge after US rate hikes
Higher cost of borrowing and equity selloffs revive old favourite of Asia’s structured products market
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How to stop stablecoins from hoarding precious collateral
Have corporate bond markets outgrown the plumbing?
Our Take
EU G-Sibs’ score win is political boost, but no panacea
Nickel debacle weakens UK’s case on clearing supervision