EBA
Publishes guidelines on transferability to support the resolvability assessment for transfer strategies
28 September 2022
"The European Banking Authority ("EBA") published its final guidelines on transferability to support the resolvability assessment for transfer strategies. In particular, the guidelines on transferability provide guidance relating to the definition of the transfer perimeter and the steps to operationalise the implementation of the transfer. The transferability guidelines complement the resolvability guidelines, which were published on 13 January 2022. Institutions and resolution authorities should comply with these guidelines in full by 1 January 2024." For more information please press here.
ESMA
Reminds firms of the impact of inflation in the context of investment services to retail clients
27 September 2022
"The European Securities and Markets Authority ("ESMA"), the EU’s securities markets regulator, publishes a statement reminding firms to consider inflation and inflation risk when applying relevant MiFID II requirements in the interest of investor protection." For more information please press here.
Market News
Bloomberg
Pound back where it was before Kwarteng shock as traders rethink
30 September 2022
"The pound’s rally early Friday saw it briefly erase all of the losses it made since Kwasi Kwarteng began his speech last Friday announcing sweeping UK tax cuts." For more information please press here.
Reuters
Asian shares head for worst month since pandemic started
30 September 2022 "Asian shares on Friday were headed for their worst month since the onset of the COVID-19 pandemic, while jitters in currency and bond markets persisted over hawkish talk from central banks, worries about global recession and rising geopolitical risk." For more information please press here.
Financial Times
‘Volatility vortex’ slams into $24tn US government bond market
28 September 2022 "The $24tn US Treasury market has been hit with its most severe bout of turbulence since the coronavirus crisis, underscoring how big swings in international bonds and currencies and jitters over US rate rises have spooked investors." For more information please press here.
Cryptocurrencies
MarketWatch Coinbase’s path to sustainable profit is unclear, says analyst. The stock drops
29 September 2022
"Competition, regulatory uncertainties, pricing and an “unclear path to sustainable profitability” are all concerns one Wells Fargo analyst has when it comes to Coinbase Global." 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.
