EBA
Clarifies the status of several disclosure guidelines, and ensures continuous transparency of credit quality of exposures by all types of credit institutions
12 October 2022
"The European Banking Authority ("EBA") is providing clarity on the applicability of several EBA disclosure guidelines which are replaced totally or partially by the Implementing Technical Standards ("ITS") on Pillar 3 disclosure. As part of this effort, the EBA has repealed three guidelines that are replaced by that ITS and revised the scope of application of the Guidelines on disclosure of non-performing and forborne exposures. The amending Guidelines published ensure the continuity of public disclosures on non-performing and forborne exposures by all credit institutions." For more information please press here.
Market News
Bloomberg
Oil heads for weekly decline as traders gauge risks of recession
14 October 2022
"Oil headed for a weekly loss as signs of a global economic slowdown and tighter monetary policy threaten to sap energy consumption. West Texas Intermediate futures edged above $89 a barrel, but are still down more than 3% this week." For more information please press here.
Reuters
Analysis: ECB Quantitative Tightening ("QT") may be next challenge for tumultuous markets
14 October 2022 "The European Central Bank ("ECB") is considering entering the maelstrom of volatile world markets to start winding down its massive bond holdings - just as governments scale up spending to respond to an energy crisis likely to induce a recession. The ECB, which bought 5 trillion euros of bonds ($4.9 trillion) over the past decade to lift low inflation, now finds itself battling record high inflation at 10%." For more information please press here.
Financial Times
US stocks shrug off early declines following hot inflation report
13 October 2022 "Wall Street stocks bounced back from a sharp early sell-off on Thursday that was triggered by US inflation data that came in hotter than expected. The broad S&P 500 ended the day up 2.6 per cent, having dropped as much as 2.4 per cent earlier in the session. The Nasdaq Composite rose 2.2 per cent, recovering from a decline of about 3.2 per cent." For more information please press here.
Cryptocurrencies
MarketWatch
Crypto stocks waver as Bitcoin swings around
13 October 2022
"Shares in companies that are sensitive to changes in cryptocurrency prices were whipsawing Thursday as Bitcoin and the stock market reacted to the release of key inflation data." 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.
