Library

Essential resources from regulators and market participants

Basel III: the net stable funding ratio

BCBS publishes rules on net stable funding ratio, designed to reduce systemic risk by requiring banks to maintain a stable funding profile in relation to their on- and off-balance sheet activities to manage risk caused by disruptions in its regular sources of funding. (October 2014)

Basel III: the net stable funding ratio
Liquidity Coverage Requirement Delegated Act: FAQs

In response to concerns about the impact on the real economy, the BCBS proposed a minimum phasing-in of the LCR over 5 years starting with 60% of the LCR in 2015, rising progressively to reach 100% in 2019, regulators have shortened this to 100% by 2018. (October 2014)

Liquidity Coverage Requirement Delegated Act: FAQs
MarketAxess:T+2 - The catalyst for change

A MarketAxess white paper looking at the impact of T+2. (August 2014)

T+2 White Paper: The Catalyst for Change
CSDR: FAQs

European Commission publishes final text of CSDR - the new rules applied to over 32 national and cross-border European CSDs holding almost €39 trillion of securities at the end of 2012. (August 2014)

CSDR: FAQs
EBA's 2015 Transparency template

EBA's 2015 Transparency template - EBA updates on upcoming transparency exercise and on key features of 2016 EU-wide stress test (July 2014)

EBA updates on upcoming transparency exercise and on key features of 2016 EU-wide stress test
Final text - CSDR

Final text published - the new rules applied to over 32 national and cross-border European CSDs holding almost €39 trillion of securities at the end of 2012. (July 2014)

Regulation (EU) No 909/2014... on improving securities settlement in the EU and on central securities depositories...
Final text of MiFID II & MiFIR

Final text of MiFID II and MiFIR published. Summarising the new rules before they were formally agreed, EU Commissioner for Internal Market and Services Michel Barnier said: "The new rules will improve the way markets function... establish a safer, more transparent and more responsible financial system and restore investor confidence in the wake of the financial crisis." (May 2014)

Final text of MiFID II & MiFIR
Sharon Bowles: 2014 European Capital Markets Forum speech

Sharon Bowles, MEP and former Chair of the European Parliament’s Committee on Economic and Monetary Affairs, speaking at the 2014 European Capital Markets Forum.

2014 Keynote Address – Sharon Bowles, MEP
Commissioner Barnier welcomes CSDR

Safer and more efficient securities settlement: The European Commission welcomes European Parliament vote on CSDR. (April 2014)

Safer and more efficient securities settlement: Commission welcomes European Parliament vote
Regulation on securities settlement and on CSDs in the EU (‘CSDR’) – FAQs

Securities must be settled a maximum of two days after trading "T+2", except where activity is outsourced to a public entity (e.g. under T2S) (April 2014)

Regulation on securities settlement and on Central Securities Depositories in the EU (‘CSDR’) – FAQs