CySEC
Financial impact, risks and uncertainties due to the crisis in Ukraine
02 March 2022
The Cyprus Securities and Exchange Commission (the "CySEC") wishes to draw the attention of issuers whose securities are admitted to trading on a regulated market or on the Emerging Companies Market of the Cyprus Stock Exchange, to article 17 of the Regulation (EU) 596/2014 on market abuse, concerning their obligation to inform the public as soon as possible of inside information which directly concerns them.
EBA
Recommends adjustments to the proposed EU Green Bond Standard as regards securitisation transactions
02 March 2022
The European Banking Authority ("EBA") published a report which analyses the recent developments and challenges of introducing sustainability in the EU securitisation market. The EU sustainable market is still at an early stage of development and the application of sustainability requirements in securitisation appears to require further clarification. The report examines how sustainability could be introduced in the specific context of securitisation to foster transparency and credibility in the EU sustainable securitisation market and to support its sound development. For more information please press here.
Market News
Bloomberg Commodities’ historic week sends shock waves around the world
04 March 2022
"Commodities are wrapping up a historic week as Russia’s invasion of Ukraine roils markets, with foodstuffs soaring, metals setting records, and oil in the throes of the biggest crisis for decades. The Bloomberg Commodity Spot Index has rallied more than 9% this week. Soaring raw materials prices from crude to aluminum and wheat are adding to already-elevated inflationary pressures, hurting consumers and fueling concerns over an economic slowdown." For more information please press here.
Financial Times
European and Asian stocks fall after fire breaks out at Ukraine nuclear plant
04 March 2022
"European stocks were on track for a second session of losses as major cities in Ukraine endured relentless missile bombardment from Russian troops and a fire broke out at Europe's largest nuclear facility. The Stoxx 600 regional share index, which fell more than 2 per cent on Thursday and was already down 3.6% since Russian President launched a full scale invasion of its neighbour last week, fell 0.8%. Germany's Xetra Dax fell 1.7 % and London's FTSE 100 dropped 1%. " For more information please press here.
Reuters Russian rouble hits new lows in volatile trading
03 March 2022 "The Russian rouble slumped to new record lows against the dollar on Thursday though it closed the Moscow session little changed, after Fitch and Moody's downgraded Russia's sovereign debt to "junk" status, with steps by the central bank and finance ministry failing to halt its slide." For more information please press here.
Cryptocurrencies
Bloomberg
Japan looks to plug potential crypto holes in Russia sanctions
04 March 2022
"Japan’s financial regulator and the country’s industry body for cryptocurrencies have begun discussions to assess how to effectively enforce sanctions against Russia, a regulatory official said." For more information please press here.
Regulatory Reporting Solutions
Treppides Regulatory Reporting offers extensive reporting solutions under EMIR, MIFID, CRD IV, FATCA, CRS, REMIT towards MiFID II / MiFIR and CRS in all EU/ESMA jurisdictions like Cyprus (CySEC) and UK (FCA) and soon will also comply with foreign jurisdictions such as ASIC DTR.
