EBA
Publishes final standards and guidelines on interest rate risk arising from non-trading book activities
20 October 2022
"The European Banking Authority ("EBA") published a final set of Guidelines and two final draft Regulatory Technical Standards ("RTS") specifying technical aspects of the revised framework capturing interest rate risks for banking book (I"RRBB") positions. These regulatory products complete the onboarding into EU law of the Basel standards on IRRBB and are of crucial importance given the current interest rate environment. The EBA will also closely monitor their implementation and more generally the impact of the evolving interest rates on the management of IRRBB by EU institutions and on other related prudential aspects." For more information please press here.
Market News
Bloomberg
Stocks retreat amid high bond yields, China risks: Markets wrap
21 October 2022
"Stocks extended declines in Asia as Treasury yields held at the highest level since the global financial crisis and investors weighed risks to Chinese markets." For more information please press here.
Reuters
Japan's inflation hits 8-year high in test of BOJ's dovish policy
21 October 2022 "Japan's core consumer inflation rate accelerated to a fresh eight-year high of 3.0% in September, challenging the central bank's resolve to retain its ultra-easy policy stance as the yen's slump to 32-year lows continue to push up import costs." For more information please press here.
Financial Times
LME’s Russian metal dilemma threatens market turmoil
20 October 2022 "Traders are pushing the London Metal Exchange to stop accepting Russian metal, fearing its warehouses will become a stockpile for unwanted material that distorts global prices for commodities like aluminium and copper." For more information please press here.
Cryptocurrencies
MarketWatch
Bitcoin’s ‘resilience’ could be a sign of good things to come
20 October 2022
"Bitcoin and other cryptocurrencies were little moved Thursday after U.S. bond yields touched new multi-decade highs. The price of Bitcoin has fallen less than 1% over the past 24 hours to $19,150. The largest crypto briefly fell below its key $19,000 level but bounced back to the $19,000 to $20,000 trading range that it has held since early September amid an uncharacteristic lack of volatility." 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.
