A stress testing framework for investment funds has been developed by The European Securities and Markets Authority (ESMA) so national competent authorities (NCAs) can probe the sector’s robustness. 

The Governmental Accounting Standards Board (GASB) has published proposed accounting and financial reporting guidance to assist US state and local governments with the transition away from interbank offered rates (Ibors) to alternative reference rates.

Recent spikes in US repo market rates, sometimes as high as 10%, have been blamed on factors ranging from the Fed shrinking its balance sheet, technical glitches, regulatory reforms through to mishandling by the New York branch of the Federal Reserve. 

The decade since the 2007-9 global financial crisis has demonstrated that expectations matter when it comes to regulating cross border finance, said Randal Quarles, vice chair of the US Federal Reserve Board and chair of the Financial Stability Board (FSB). 

Central banks will be able to invest in an open-end green bond fund launched by the Bank for International Settlements (BIS).

The European Banking Authority (EBA) is consulting on the criteria around labeling synthetic securitisations within the simple, transparent and standardised (STS) securitisation framework. 

The financial services industry is worried that contingency measures agreed between the EU and UK in the event the later leaves the union on October 31 without a withdrawal agreement, do not go far enough. 

Banks have taken onboard lessons from the last sector exercise on cyber resilience, but the latest exercise has uncovered further areas of improvement, the Bank of England (BoE) said. 

A bipartisan group of senators have put forward a bill requiring regulators to issue rulings on whistleblower pay-outs within one year of the filing of applications for a reward.