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ICAS
September Newsletter - Issue 37/2022
Announcements
EBA
Annual Bank funding plans report shows plans to issue more debt instruments in the coming years intended to counterbalance expected decline in central bank funding
15 September 2022
"The European Banking Authority ("EBA") published its annual Funding Plans Report. 159 banks submitted their funding plans for a forecast period from 2022 to 2024. The Report highlights strong deposit growth and increase of public sector sources of funding in 2021. The plans show banks’ intentions to increase market-based funding over forecast period, while the gap between planned debt issuances and maturing targeted longer-term refinancing operations ("TLTRO") in the coming two years remains significant." For more information please press 
here.
ESMA 
Warn of rising risks amid a deteriorating economic outlook
12 September 2022
"The three European Supervisory Authorities (EBA, European Insurance and Occupational Pensions Authority ("EIOPA") and European Securities and Markets Authority ("ESMA") - "ESAs") issued their Autumn 2022 joint risk report. The report highlights that the deteriorating economic outlook, high inflation and rising energy prices have increased vulnerabilities across the financial sectors. The ESAs advise national supervisors, financial institutions and market participants to prepare for challenges ahead."For more information please press 
here.
Market News
Bloomberg
Gold steadies after sinking to two-year low as rate hike looms

 
16 September 2022
"Gold steadied after plunging to its lowest level in two years, as economic data from the US increased the likelihood of prolonged monetary tightening and stoked fears of recession." For more information please press 
here.
Reuters
Dollar resumes rally, yuan weakens past key level
16 September 2022
"The dollar rallied again on Friday, as U.S. Treasury yields rose ahead of a potentially huge Federal Reserve interest rate hike next week, while China's yuan weakened past the psychologically important threshold of 7 per dollar." For more information please press here.
Financial Times
EU embargo to hit Russian oil output, says IEA
14 September 2022
"Russian oil production is forecast to fall by 17 per cent by February compared with prewar production once an EU embargo on Moscow’s exports comes into full force, according to the International Energy Agency." For more information please press here.
Cryptocurrencies
Bloomberg 
Ethereum finishes long-awaited energy-saving "merge" upgrade
15 September 2022
"Ethereum has completed a key revamp of its network, marking the crypto world’s most-ambitious software upgrade to date and paving the way for changes that could fuel more usage of the commercial blockchain." 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. 

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