Industry may become a ‘locus of contagion’ during market upheaval, report from US officials and bankers says Private credit is now so intertwined with big banks and insurers that it could become a “locus of contagion” in the next financial crisis, a group of economists, bankers and US officials has warned. Researchers from Moody’s Analytics,...Read More
Investors’ concerns about US policymaking and Fed independence weigh on greenback and bonds The close relationship between US government bond yields and the dollar has broken down as investors cool on American assets in response to President Donald Trump’s volatile policymaking. Government borrowing costs and the value of the currency have tended to move in...Read More
The Cyprus Securities and Exchange Commission (CySEC) has outlined key aspects of the implementation of the Digital Operational Resilience Act (DORA), a European regulatory framework designed to enhance the cybersecurity and operational resilience of the financial sector. Overview of DORA DORA establishes uniform requirements for managing ICT risks across financial entities in the EU. The...Read More
The Markets in Crypto-Assets regulation (EU) 1114 / 2023 entered into force on 29 June 2023. MiCA regulation introduces a comprehensive legislative framework for crypto-assets and related activities and services. Focusing on consumer protection, market integrity and fostering innovation, this regulation seeks to enhance legal clarity, establish compliance standards, and promote investor confidence. As a regulation,...Read More
Relevant to: Regulated Entities[1]Circular C627 (“the Circular”) dated 03/04/2024 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C627, CySEC wishes to inform Regulated Entities for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C627 circular can be found below: A...Read More
CIFs under Cyprus Securities and Exchange Commission (CySEC) REPORTING OBLIGATIONS CALENDAR 2024 The reporting obligations deadlines may be altered upon CySEC’s decisions throughout the year.Read More
Relevant to: Regulated Entities[1]Circular C613 (“the Circular”) dated 05/01/2024 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C613, CySEC wishes to inform Regulated Entities for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C613 circular can be found below: A...Read More
Relevant to: Cyprus Investment Firms (CIFs)Circular C612 (“the Circular”) dated 22/12/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (‘the CySEC Law’). Through Circular C612, CySEC wishes to inform to inform all CIFs that ESMA on the launch of the exercise for the collection of data regarding cross...Read More
Relevant to: Cyprus Investment Firms (‘CIFs’)Circular C611 (“the Circular”) dated 22/12/2023 is issued pursuant to section 25(1)(c)(ii) & (iii) of the Cyprus Securities and Exchange Commission Law (the ‘CySEC Law’). Through Circular C611, CySEC wishes to inform all CIFs for the obligation to submit the Quarterly Statistics Form. The key takeaways from CySEC’s C611 circular can be...Read More
