EU watchdogs launch new governance structure to support T+1 transition
The move is set to support the shift to T+1 through overseeing and managing the key elements of the transition, currently set for October 2027.
Tag: ECB
Credit Suisse: How it started, how it’s going…
Equity and bond markets have both been hit by the fallout from the forced Credit Suisse sale, while the ripple effect could have a far broader impact on long-term market liquidity. To conclude a crazy week, we bring you a quick round-up of what this means across the asset classes – and why bank funding may never be the same again.
Investors gear up for litigation over Credit Suisse write-down
Avenues could include challenging the Swiss government, suing FINMA, or suing Credit Suisse – with AT1s recovering slightly as the market prices in the hope of legal redress.
Central banks take action to enhance US dollar liquidity amid market turmoil
The ECB, Bank of England and Federal Reserve join with other major central banks to offer seven-day US dollar operations on a daily (instead of weekly) basis, effective from 20 March 2023.
Equities
Rate hikes send markets spinning as recession looms
Markets were battered last week following a slew of central bank interest rate increases, with both bond and equity traders seeing heightened volatility. The TRADE takes a look at the impact of the hikes on the current landscape.
SEC and ECB agree to share regulatory information on security-based swaps
The agreement will allow the two regulators to exchange information relating to major security-based swap participants.
Investors struggled to access repo market at height of COVID- 19 crisis
ICMA research found that while demand for repo increased, dealers’ capacity to intermediate was constrained and limited access to many firms that needed it.
CLS appoints new chief executive from European Central Bank
FX settlement system names new CEO following departure of David Puth in September 2018.