EBA
Publishes report on the integration of ESG risks in the supervision of investment firms
24 October 2022
"The European Banking Authority ("EBA") published a report on how to incorporate ESG risks in the supervision of investment firms. The report also provides an initial assessment of how ESG factors and ESG risks could be included in the supervisory assessment of investment firms. This report, addressed to competent authorities, sets out the foundations for integrating ESG risks-related considerations in the supervisory process of investment firms and covers the main SREP elements including the business model analysis, the assessment of internal governance and risk management, and the assessment of risks (risk to capital and liquidity risk). " For more information please press here.
Market News
Bloomberg
Global stocks rise amid bets for slower rate hikes: Markets wrap
27 October 2022
"Stocks advanced, with US futures bouncing back from tech earnings worries while Hong Kong’s benchmark gauge rallied for a second day. An index of global shares headed for a fifth day of gains, its longest stretch in more than two months, amid growing expectations of moderating US rate hikes. " For more information please press here.
Reuters
Asia shares rise on hopes of rate hike slowdown, ECB in focus
27 October 2022 "Asian equities gained for a third straight day on Thursday, on growing hopes that major central banks could start slowing the pace of interest rate hikes, with the European Central Bank's meeting later in the day in focus for further clues." For more information please press here.
Financial Times
A shock looms for governments over inflation-linked bonds
26 October 2022 "As inflation becomes more persistent across developed nations, there is a costly bill looming for governments. In recent years, governments have exploited rising investor demand for bonds with returns that are linked to inflation, issuing increasing amounts of such instruments. The terms were attractive for issuers, with investors willing to accept negligible yields while inflation was low." For more information please press here.
Cryptocurrencies
MarketWatch
The U.K.’s crypto crackdown is moving faster
26 October 2022
"Regulation of cryptocurrencies and digital assets in the U.K. is moving quickly ahead, a silver lining from the recent political turmoil and economic crisis. British lawmakers on Tuesday voted in favor of bringing crypto assets under the scope of regulation pertaining to other financial instruments and services. Members of the House of Commons accepted an amendment to the draft Financial Services and Markets Bill—introduced over the summer to overhaul U.K. financial rules post-Brexit that will extend regulations to crypto assets and services. The bill is still subject to further debate and votes in both the House of Commons and Lords." 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.
