Impact of negative interest rates on the money market fund industry
The European Central Bank has published Issue 5 of its Economic Bulletin looking at the impact negative short-term rates have on the money market fund industry.
ECB, 28 July 2015
BoE working group on sterling RFR rates agrees selection criteria and engagement with stakeholders
The Bank of England working group on sterling risk-free reference rates has published an End user outreach document requesting input on an initial set of RFR selection criteria. The working group expects to deliver plans to promote the adoption of a RFR amongst a broad cross-section of market participants by December 2015.
Bank of England, 28 July 2015
BIS foreign exchange working group established
The Bank for International Settlements has reported that the Foreign Exchange Working Group (FXWG), announced by BIS Governors in May 2015 to strengthen code of conduct standards and principles in foreign exchange markets, has now been established.
BIS, 24 July 2015
BofE policy response and summary of feedback received to consultation on implementation of ESMA's guidelines and recommendations on CCP interoperability arrangements
The Bank of England has published a policy response and a summary of feedback to its consultation on implementation of the European Securities and Markets Authority's guidelines and recommendations on central counterparties interoperability arrangements.
Bank of England, 15 July 2015
GFMA/ISDA letter to ACER on aspects of REMIT reporting regime
The Global Financial Markets Association and the International Securities and Derivatives Association have published a joint letter to the Agency for the Co-operation of Energy Regulators requesting further clarification on reporting arrangements under the Regulation on Wholesale Energy Market Integrity and Transparency (1227/2011).Global Financial Markets Association/ International Securities and Derivatives Association, 15 July 2015
IOSCO and CPMI start first 'level 3' PFMI principles assessment
The International Organization of Securities Commissions and the Committee on Payments and Market Infrastructures have started the first 'level 3' assessment for the principles for financial market infrastructures. International Organization of Securities Commissions, 9 July 2015
IA response to budget
The Investment Association has published its response to the budget.
Investment Association, 8 July 2015