ESMA
Publishes 2022 ESEF XBRL taxonomy files and ESEF conformance suite
22 December 2022
"The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, has published the 2022 European Single Electronic Format ("ESEF") XBRL taxonomy files and an update to the ESEF conformance suite to facilitate the implementation of the ESEF Regulation." For more information please press here.
ESMA
Supports position limits for TTF gas futures
20 December 2022
"The ESMA has published an opinion on the proposed position limits for the ICE Endex Dutch Title Transfer Facility ("TTF") gas contracts." For more information please press here.
Market News
Financial Times
Gold buyers binge on biggest volumes for 55 years
29 December 2022 "Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar. Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years." For more information please press here.
Bloomberg
Credit cracks widen with distressed debt ballooning
28 December 2022
"Multiple stress points are emerging in credit markets after years of excess, from banks stuck with piles of buyout debt, a pension blow-up in the UK and real-estate troubles in China and South Korea. With cheap money becoming a thing of the past, those may just be the start." For more information please press here.
Reuters
European shares end lower, Britain outpaces as China-exposed miners jump
28 December 2022 "European shares closed lower on Wednesday, weighed down by declines in energy stocks, while Britain's FTSE 100 outpaced peers after a Christmas holiday as investors assessed Beijing's steps towards reopening its COVID-battered economy." For more information please press here.
Cryptocurrencies
MarketWatch
Crypto regulation: 2 big questions loom in 2023 after a chaotic year for digital assets
28 December 2022
"It’s been a critical year for the crypto industry, which saw the high profile collapses of Terra/Luna and crypto exchange FTX, as well as more than $2 trillion erased from the total crypto market since its all-time high in November 2021. As a result, there’s more pressure on regulators to closely monitor the industry and create robust regulation." For more information please press here.
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