econometrics

Euroclear will discuss with regulators about simplifying trading of its shares. CEO Lieve Mostrey says regulators' main concern is to ensure the move would not affect Euroclear's risk profile, given the company's systemic importance. Reuters (18 Feb.)

EU finance ministers have added four nations to a blacklist of tax havens: Palau, Panama, Seychelles and the Cayman Islands. European Parliament member Markus Ferber says the addition of the Cayman Islands, a UK territory, might serve as a warning to the UK, which reportedly is positioning itself as a low-tax jurisdiction after Brexit. Politico (18 Feb.)

European banks have a June 2021 deadline for switching to the standardized approach for counterparty credit risk, while US banks have a deadline of January 2022, though they can switch as early as April. The mismatch has EU banks calling for a change so both jurisdictions are aligned. Risk (subscription required) (18 Feb.)