Samuel Wilkes

1 month ago | risk.net | Samuel Wilkes

The European Securities and Markets Authority is reviewing industry feedback it solicited about ways in which the European Union could reduce regulatory reporting costs. In February, Esma announced it would engage with stakeholders to identify where reporting burdens could be pared back, to support the European Commission's aim to simplify its rules and enhance the attraction of operating in the bloc's financial sector.

1 month ago | risk.net | Samuel Wilkes

Data from the Office of Financial Research has led to misconceptions about the amount of US Treasury repo funding provided to hedge funds without haircuts, according to market participants. "The debate over minimum mandatory haircuts has been prompted by a little bit of misunderstanding about some of the data that was collected on the non-centrally cleared bilateral repo market," said Stephen Berger, managing director and global head of government and regulatory policy at Citadel.

1 month ago | risk.net | Samuel Wilkes

The European Commission will make a final decision on revisions to its trading book capital rules within days, and by early June at the latest. "What I can say is we want to decide quickly, and we want to communicate quickly," said Almorò Rubin de Cervin, head of the banking regulation and supervision unit at the European Commission.

1 month ago | centralbanking.com | Samuel Wilkes

The Bank of England will publish a discussion paper later this year on possible regulatory reforms to the UK’s sovereign bond repo market, according to a senior official, following the turmoil that gripped gilt prices in 2022. Previously, sister title Risk.net has reported the BoE was mulling the benefits of requiring gilt repo users to clear their trades at central counterparties. “The DP will be exploratory and will aim to gather views on potential options to help mitigate vulnerabilities

1 month ago | risk.net | Samuel Wilkes

The Bank of England will publish a discussion paper later this year on possible regulatory reforms to the UK's sovereign bond repo market, according to a senior official, following the turmoil that gripped gilt prices in 2022. Previously, Risk.net has reported the BoE was mulling the benefits of requiring gilt repo users to clear their trades at central counterparties.