Crypto-currencies — specifically their uses, issues, challenges, and the emerging policy surrounding them — are discussed by Sviatoslav Rosov, PhD, an analyst in the capital markets policy group of CFA Institute. If security measures are so robust, how have there been breaches? Will crypto-currencies become mainstream? What do banks and regulators think? Watch and find out.
Central counterparties need to work on implementing effective resolution regimes, and "authorities must take steps to ensure that CCPs do not themselves become a source of systemic risk," according to a Financial Stability Board discussion paper. The paper is open for comment until Feb. 1. Futures & Options World (subscription required) (15 Nov.)
UK Prime Minister Theresa May says that despite the resignation of two Cabinet ministers and vocal opposition from her party to a draft Brexit agreement, she is determined to "see this through." A change in course on Brexit would subject the country to "deep and grave uncertainty," she says. Politico (15 Nov.)
Libor is likely to be discontinued, and other benchmarks are available, but Libor alternatives aren't being written into financial contracts. Banks say there is too much uncertainty to reference alternative benchmarks, despite regulators' frustration the process is moving slowly. Practice Insight (15 Nov.)
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