Nicoletta Silvia Mascher’s Post

The guide describes the Securities and Futures Commission (SFC)’s process for taking disciplinary action, what such action can entail, and who can be subject to such action. #virtualassets https://lnkd.in/d-xKDwJ9

Renewed calls for single securities supervisor in EU. https://hubs.li/Q02G2rz80 Non-subscribers can get a snapshot of Risk’s coverage. Registration is free and allows you to read two articles a month: https://hubs.li/Q02G2NBG0

Renewed calls for single securities supervisor in EU. https://hubs.li/Q02G2ZV-0 Non-subscribers can get a snapshot of Risk’s coverage. Registration is free and allows you to read two articles a month: https://hubs.li/Q02G2P1R0

Renewed calls for single securities supervisor in EU. https://hubs.li/Q02G33b-0 Non-subscribers can get a snapshot of Risk’s coverage. Registration is free and allows you to read two articles a month: https://hubs.li/Q02G2vWl0

This document is the European Systemic Risk Board’s response to the European Commission’s targeted consultation assessing the adequacy of macroprudential policy for non-bank financial intermediation. Non-bank financial intermediaries (NBFI entities) comprise different types of entities that have diverse business models and that are subject to different regulatory frameworks. They include NBFI entities that act as agents on behalf of clients, such as asset managers, and those that hold assets on their own balance sheet, such as insurers. The ESRB has for many years provided advice to the EU co-legislators to help ensure that the regulatory framework for NBFI entities supplies EU and national authorities with the means to identify and address risks to financial stability wherever they arise in the financial system. This response to the European Commission’s consultation builds on this advice.

From legislative frameworks for funds to policy proposals on margin and collateral calls, stay up to date on developments in risk, capital and financial stability with Bloomberg's Global Regulatory Brief. #regulation #captial #finance

The ICMA - International Capital Market Association published an in-depth analysis of the liquidity and resilience of the main EU sovereign bond markets. The objective of the study was to identify potential vulnerabilities in the structure of the bond market segment. In addition to the data on the performance of the financial instruments analyzed, it is of great importance to heed the call by traders, both sell-side and buy-side, to make sovereign bond markets more resilient through a review of prudential regulations applied to primary dealers. #Finance #CapitalMarkets #Bond #Regulatory

From legislative frameworks for funds to policy proposals on margin and collateral calls, stay up to date on developments in risk, capital and financial stability with Bloomberg's Global Regulatory Brief. #regulation #captial #finance

From legislative frameworks for funds to policy proposals on margin and collateral calls, stay up to date on developments in risk, capital and financial stability with Bloomberg's Global Regulatory Brief. #regulation #captial #finance

ICMA - International Capital Market Association submitted its response to the Financial Conduct Authority consultation CP23/32 on improving transparency for bond and derivatives markets. ICMA has long advocated for the introduction of a consolidated tape for bonds in Europe, supported by a well-designed and suitably calibrated deferral framework aimed at optimising the scope of real-time post-trade transparency, while also providing protection for market participants. Read the consultation response here: https://lnkd.in/eKeigAYM Key points: ❇ ICMA welcomes the opportunity to comment on the FCA’s proposals for improving transparency in bond markets ❇ ICMA and its members believe that a bond market transparency regime should strike a balance between recognising the diversity of underlying market structures and liquidity profiles of different bond sub-classes and segments, and a need for relative simplicity, in order to facilitate successful and consistent applications. Furthermore, ICMA has strongly argued that the design and calibration of the deferral framework should be based on data ❇ ICMA recognises that in its proposals, the FCA has sought to achieve these objectives, and we hope that the suggestions and proposals we have provided are helpful in finalising the design and application of the UK’s bond transparency framework, helping to reinforce the UK’s position as a leading, competitive global financial centre ❇ ICMA also realises that with the introduction of significantly increased post-trade transparency for the bond market there is a risk of “liquidity shock”, as dealers might adjust to greater information symmetry. With this in mind, ICMA in its response puts forward the case for a number of modifications with respect to groupings, thresholds and deferrals ❇ Finally, ICMA would like to note that the introduction of bond market transparency is a journey and, working closely with the industry and based on regular reviews, with careful analysis of trading data and market liquidity conditions, the FCA should, over time, keep the option to refine and recalibrate the framework as deemed suitable and ICMA would like to support the FCA assist in this process Read the FCA consultation here: https://lnkd.in/e4tQsUTs