Bank of England Considers Overhaul of Clearing House Regulations
In summary, the Bank of England is planning “fundamental rules” for clearing and settlement houses in the UK. These rules aim to enhance transparency and provide a clear framework for the industry. The Bank of England will maintain high standards and prioritize safety and reliability, considering the UK’s role as a global financial centre. The move comes as part of a post-Brexit regulatory overhaul.
Deutsche Boerse says relocation of euro clearing from London inevitable
LONDON, Sept 27 (Reuters) – Euro derivatives clearing was shifting from London to Frankfurt, showing how ending a heavy reliance on Britain after Brexit is feasible, a senior Deutsche Boerse official said on Monday. The European Union is due to decide by year-end on how to shift clearing in euro-denominated swaps to Frankfurt from the […]
EXCLUSIVE Singapore Exchange to issue easier rules for SPAC listings -sources
Singapore Exchange is preparing to roll out easier guidelines for listings of special purpose acquisition companies (SPACs) in the city-state, which would make it the first major Asian bourse to accept such investment vehicles, four sources familiar with the matter told Reuters on Wednesday.
CME denies media report of $16 bln takeover bid for rival Cboe
CME Group Inc (CME.O), the world’s biggest futures exchange operator, on Wednesday denied a media report that it approached rival Cboe Global Markets Inc (CBOE.Z), home to the VIX volatility index, with a $16 billion all-share takeover offer.
Crypto firms drop British registration bids amid scrutiny
A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies.
Euronext resolves derivatives trading glitch after four-hour outage
Pan-European financial markets operator Euronext (ENX.PA) said on Thursday that it had resolved the technical glitches which knocked out index derivatives trading for nearly four hours earlier in the day.
U.S. remains far ahead of global pack in finance, says study
The United States remains the world’s dominant financial centre, well ahead of nearest rival Britain, whose lead over Frankfurt and Paris so far easily outweighs the hit from Brexit, a study from New Financial think tank said on Thursday.
Explainer: What is a gamma squeeze and how did it drive up AMC’s stock price?
Shares of AMC Entertainment Holdings Inc (AMC.N) surged to a record high this week in a blistering rally that again highlighted how an arcane options market dynamic known as a gamma squeeze can super-charge stock price gains.
EEX market leader in Japan power futures after first year
The European Energy Exchange (EEX) could double the number of participants in its Japanese power futures market from around 20 players in 2021, having traded over 3 terawatt hours (TWh) in its first 12 months, executives said.
Sustainable finance scramble reaches currency derivatives market
A rush by companies to boost their sustainability claims has reached foreign exchange markets in the form of currency hedging products where the cost is tied to a firm’s environmental, social and governance (ESG) goals.
