The National Bank of Ethiopia (NBE) drafted a bill on Capital Market Authority, that is expected to be legislated before the end of 2020. For the past year, a technical committee characterized by members drawn from the central bank, the Ministry of Finance, the Office of the Attorney General and external advisors, has been […]
Butterfly Effect in the Global Market Explained
The world has never been more interconnected than it is today. The theory of “the butterfly effect”, the idea that a relatively small event can reverberate across the world, has perhaps never been more valid given the speed at which ideas and news now flow across borders. Events in far-flung corners of the globe can […]
Libor Transition – Dealers Seek FRTB Carve-out.
Banks are planning to ask regulators for capital relief during attempts to move roughly $370 trillion in swaps notional away from Libor to new interest rate benchmarks. Under incoming market risk capital rules – the Fundamental Review of the Trading Book – banks that model their own requirements will face a capital add-on for all […]