Legal & Regulation

Exchanges

The World Federation Of Exchanges calls for considered approach to treatment of CCP equity in resolution

The World Federation Of Exchanges calls for considered approach to treatment of CCP equity in resolution

The World Federation of Exchanges, the global industry group for central counterparties (CCPs) and exchanges, has called for a careful and considered approach in any change to resolution arrangements at CCPs, as upsetting the tried and tested balance of incentives could damage stability and increase systemic risk.

Cryptocurrency

Stablecoins and crypto-assets need to be covered by common taxonomy, urges The World Federation of Exchanges

Stablecoins and crypto-assets need to be covered by common taxonomy, urges The World Federation of Exchanges

The World Federation of Exchanges, the global industry group for exchanges and CCPs, is calling for a response to the growth of stablecoins by developing a common taxonomy that would also cover crypto-assets more broadly. This would create consistent and common regulatory classifications before they fragment further, rather than trying to fix differences after the fact.

Tax

Financial services sector fears impact of Financial Transaction Tax on trading, liquidity, and active management

Financial services sector fears impact of Financial Transaction Tax on trading, liquidity, and active management

The possible introduction of a financial transaction tax (FTT) in the US and Europe to make up for lower tax revenues resulting from the Covid-19 pandemic, is raising concern from investors and advisers, shows new data from Greenwich Associates.