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ICAS
October Newsletter - Issue 40/2021
Announcements
EBA
Updates risk assessment indicators
7 October 2021
The European Banking Authority (EBA) published an updated list of indicators for risk assessment and risk analysis tools, together with the accompanying methodological guide. Without adding any reporting burden neither on reporting institutions nor on competent authorities, this guidance describes how risk indicators are computed in EBA publications and allows competent authorities and users of EBA data to interpret key bank figures in a consistent fashion when conducting their risk assessments and analyses. For more information please press 
here.
Market News
Bloomberg
Gold’s Lackluster Year May Get a Boost as Stagflation Risks Grow
8 October 2021
"Gold’s traditional role as a hedge against inflation has faltered all year, but growing risks that the global recovery could stall as price pressures rise may signal a turnaround for the precious metal. Inflation had already been increasing on the back of unprecedented pandemic-era stimulus and as the rollout of vaccines spurred the gradual reopening of some countries. The surge in energy prices that’s accelerated over the past month on fears of shortages, on top of a broader rally in commodities, is now stoking concerns about sustained cost pressures. " For more information please press 
here.
Bloomberg
Oil Heading for Seventh Weekly Advance With WTI Nearing $80
8 October 2021
"Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roiled markets from Europe to Asia. Futures in New York extended gains in Asian trading toward $80 a barrel. Prices advanced 1.1% on Thursday after the U.S. Energy Department said that it had no plans “at this time” to tap the nation’s oil reserves. That followed remarks the day before from the energy secretary that releasing strategic stockpiles was being considered to counter surging gasoline prices." For more information please press 
here.
Financial Times
US government bond market specialists warn of fragility in Fed pullout
8 October 2021
"
US government bond specialists are starting to fret over how the world’s most important market will cope when the Federal Reserve pulls back its pandemic-era support. The $22tn Treasuries market forms the basis for pricing other assets around the world. It is famed for its liquidity — a broad term meaning it is easy to hop in and out of trades. But on several occasions since Covid-19 first hit, gaps in liquidity have appeared, creating jerky price movements. When the Fed starts to trim its $120bn-a-month bond buying scheme, possibly as soon as November, some participants fear the lack of once-reliable market support could generate more instability." For more information please press here.
Cryptocurrencies
Bloomberg
Dapper, Chainalysis Partner to Better Monitor Platform Activity
8 October 2021
"Just as scrutiny has started to grow over suspicious activities on online NFT platforms, Dapper Labs Inc., the company behind the highly popular NBA Top Shot, said it is partnering with crypto-forensics firm Chainalysis to track transactions and customer activity. Growing consumer access to crypto products requires scrutiny of the funds used to purchase non-fungible tokens -- which are known as NFTs and allow holders of art and collectibles to track ownership -- and necessitates monitoring of compliance practices to help detect and prevent money laundering and manipulation, the companies said in a press release. " 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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London

Treppides Advisers Ltd
Milner Street,
London, SW3 2QA,
United Kingdom


Tel: +44 20 7569 6756
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Limassol, CY 4102
Cyprus

 

Tel:  +357 25 822722
Fax: +357 25 822723
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Malta

Finanz Audit Ltd
Level 1, Somnium
Tower Road, Swatar
Birkirkara, BKR 4012
Malta


Tel: +356 2010 8080
Fax: +356 2546 6103
Web: www.finanz-audit.com
Email: info@finanz-audit.com

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