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ICAS
September Newsletter - Issue 36/2021
Announcements
EBA
ESAs highlight risks in phasing out of crisis measures and call on financial institutions to adapt to increasing cyber risks
8 September 2021
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued their second joint risk assessment report for 2021. The report highlights the increasing vulnerabilities across the financial sector, the rise seen in terms of cyber risk and the materialisation of event-driven risks. For more information please press 
here.
Market News
Bloomberg
Oil Rises With Investors Assessing China’s Rare Reserves Release
10 September 2021
"Oil rose, paring a weekly decline, as investors assessed China’s confirmation that it had released crude from its strategic reserves in an unprecedented intervention in the global market. Futures in New York increased 1.5% on Friday. Beijing tapped its giant reserves “to ease the pressure of rising raw material prices,” according to an announcement from the National Food and Strategic Reserves Administration. It didn’t give further details, but people familiar with the matter said the statement referred to millions of barrels of oil that were offered to domestic refineries in July." For more information please press 
here.
Reuters
Spread of 'Delta' COVID-19 knocks wind out of UK economy in July
10 September 2021
"Britain's economy unexpectedly slowed to a crawl in July as the Delta variant of COVID-19 spread rapidly after lockdown restrictions were eased and as a 'pingdemic' kept many workers at home self-isolating. Economic output rose just 0.1% in July, the Office for National Statistics said on Friday, the smallest monthly increase since January when Britain went into a new national lockdown. Economists polled by Reuters had mostly expected month-on-month growth of 0.6% in gross domestic product. Only two of the 26 analysts had expected such a weak reading." For more information please press 
here.
Cryptocurrencies
Bloomberg
Nasdaq Data to Aid Blockchain-Based Tokenized Stock Trading
9 September 2021
"The Nasdaq stock exchange will be among the companies delivering price feeds to a service offering tokenized stocks. Nasdaq’s feed, along with those of Finnhub and Tiingo, will power services on DeFiChain, a native decentralized finance blockchain for the Bitcoin network devoted to monetary applications and services, according to a statement from the blockchain’s community group. DeFiChain will offer tokenized stocks corresponding to the underlying price of listed companies such as Apple Inc., Tesla Inc., Amazon.com Inc. and GameStop Corp., the statement said. The tokenized stocks will be collateralized by cryptocurrencies, which means traders won’t have to go through an intermediary such as a broker, the statement said." For more information please press 
here.
Regulatory Reporting Solutions
Treppides Regulatory Reporting offers extensive reporting solutions under EMIR, MIFID, CRD IV, FATCA, CRS, REMIT towards MiFID II / MiFIR and CRS in all EU/ESMA jurisdictions like Cyprus (CySEC) and UK (FCA) and soon will also comply with foreign jurisdictions such as ASIC DTR. 

Contact us directly at info@treppidesrr.com to discuss your tailor made solution.

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