News and Notes

FCA chief says LIBOR out by 2022 in favour of transaction-based approach

UK regulator issues consultation to avoid capital buffer conflict

IOSCO reviews global progress on client asset protection

CME Group to develop derivatives on broad Treasuries repo financing rate

MMT: First repo transaction in Myanmar

Calypso picks up minority stake in Sernova Financial

FT: Bloomberg rolls out MiFID II credit trading system

FP: forget the ETF fee wars and lend instead

Bloomberg: industry disputes benefits of MiFID II research unbundling

BoE: call to arms for macroprudential tool research

Euroclear reports record €1.2 trillion on Collateral Highway in H1

ESMA opines on EU harmonization for safe-keeping of assets

BoE consultation on assessing securities financing margin liquidity risks

Elixium’s CLOB goes live for secured financing and collateral

Reuters: BoE pushes transaction-based IR benchmarks

Reuters: Singapore regulator issues NSFR notice on big banks

Report says US Treasury market factors recall liquidity conditions of late 90s

Bloomberg: FTT gets sidelined as EU courts Brexit-wary banks

BoE: dealer intermediation, market liquidity, and the impact of regulatory reform

IHS Markit says term revenues for government bond loans up 20% in 2017

International Banker: Collateral is central bank policy’s secret sauce

ECB survey of credit terms, securities financing, and OTC derivatives: use of CCPs for government bonds on the rise

ESMA consults on short selling regulation

ESMA views on third country regimes post-Brexit

Bank of England’s Sam Woods on regulatory arbitrage and off-balance sheet leverage

Reuters: CLO market experiments with built-in margin reset to manage regulatory exposure

ISDA update on alternative IR benchmarks (VIDEO)

NEX ‘Rebalancer’ lets FX prime brokers automate ECN credit

IOSCO consults on recommendations and good practices in liquidity risk management for funds

Bank of England: IFRS 9: Changes to reporting requirements – PS18/17

BCBS and IOSCO propose criteria for identifying simple, transparent and comparable short-term securitisations

Basel Committee report card on LCR in China, EU, and US

Basel standards implementation: G20 report

International committees push CCPs on resilience, recovery, and resolvability

FSB warns G20 on risks to financial system integrity

ESMA clarifies calculations for MiFID II non-equity instruments

OCC sec lending activity up 27% in June 2017

OneChicago volume up 32% in June year over year

FSB reports on G20 financial regulatory reforms

FSB to G20: progress made but vigilance required

ECB data show decrease in EU headquarter presence for banks, assets decline in 2016

New York Fed: the shifting drivers of global liquidity

The economic cost of capital: a VECM approach for estimating and testing the banking sector’s response to changes in capital ratios

ESMA gets ready to work on CFDs and binary options

DTCC executes first CCIT repo trade between Citadel and Morgan Stanley

IHS Markit Addresses MiFID II Challenge for Buyside Investment Research Acquisition

Banque de France will test an auction system under its PSPP securities lending facility

Federal Reserve CCAR finds bank common equity capital at 12.5%, up from 5.5% in Q1 2009

Fed blog finds stagnant dealer balance sheets but no widespread deterioration of market liquidity

UK increases countercyclical capital buffer rate to 0.5% from 0%