BoE to Hold Open Forum on FICC Markets – FOW (subscription)
The Bank of England has said that it will in November bring together stakeholders across the fixed income, currency and commodities (FICC) markets to discuss market functions, the development of the UK’s market and potential regulatory overlap. The central bank said that it will hold the open forum on 11 November.
Memo to Regulators: About That Early-Warning System – Bloomberg View
To judge which institutions are most exposed to defaults, regulators need up-to-the-moment data on derivatives outstanding all over the world. Over the past several years, national regulators have made progress in collecting this information. The European Union, the US, Japan, China and other countries have required that derivatives trades be reported to special repositories. Problem is, they’re using different rules, and data in incompatible formats. And they have no firm plan for sharing the findings.
Clearing Brokers Send Balance Sheet Allocations to Basel – Risk Magazine (subscription)
Data including the balance sheet allocated by several banks to their over-the-counter derivatives clearing brokers and the amount of margin being received by clearing brokers has in the past few weeks been sent to the Basel Committee on Banking Supervision for its consideration.
Harmonised Derivatives Rules Proposed across Many Canadian Provinces – Lexology
On 25 August, 2015, British Columbia, Ontario, Saskatchewan, New Brunswick, Prince Edward Island, Yukon (the CMR Jurisdictions) and Canada released draft legislation and regulations for the implementation of the Cooperative Capital Markets Regulatory System (the Cooperative System).