Today’s European financial markets hardly look like the ones from 10 years ago. Financial Markets are definitely more complex: high speed of electronic trading, wide range and complexity of financial instruments, explosion in ...more »

The Basel Committee on Banking Supervision today issued the Capital treatment for simple, transparent and comparable short-term securitisations. This standard supplements the Criteria for identifying simple, transparent and comparable short-term securitisations issued jointly with the ...more »

The bouts of volatility in early February and late March that spooked investors were confined to equity markets. Nevertheless, they illustrate the potential for sudden market moves to expose fragilities in the financial system more broadly. With central banks in advanced economies set to normalize their monetary policies just as ...more »

The European Securities and Markets Authority (ESMA) has published today its first liquidity assessment for bonds subject to the pre-and post-trade requirements of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). ESMA’s assessment of the European bond market ...more »

The Financial Stability Board (FSB) released a toolkit that firms and supervisors can use to mitigate misconduct risk. The FSB’s work in this area follows widespread misconduct in the financial sector including the manipulation of wholesale markets and retail misselling. Such misconduct in the financial ...more »

Banca d'Italia ha pubblicato il primo rapporto sulla stabilità finanziaria 2018, che include anche l'andamento del mercato assicurativo. In sintesi, i rischi per la stabilità finanziaria appaiono mitigati dalla crescita robusta dell'economia globale e dal rafforzamento del settore bancario ...more »

The Basel Committee's final standard on The standardised approach for measuring counterparty credit risk exposures (SA-CCR) includes a comprehensive, non-modelled approach for measuring counterparty credit risk associated with OTC derivatives, exchange-traded derivatives, and long ...more »

The International Organization of Securities Commisions (IOSCO) issued a report providing technical guidances to regulatory authorities, in order to assess definitions and formats of a set of OTC derivatives which are reported to trade repositories. Specifically, the report provides the ...more »

The Basel Committee on Banking Supervision today issued  a revision to the minimum capital requirements for market risks which is available for public consultation. Improvements to the capital requirements for trading activities are a key component of the Committee's duty of ...more »