EU supervisors for markets, energy step up cooperation
To preserve financial stability , EU supervisory agencies for energy markets and for financial markets on Tuesday said they will intensify their cooperation and improve their exchange of information, seeking to avoid potential market abuse in Europe’s energy and derivatives markets.
Systemic fund risks daunting challenge for regulators, industry
International financial regulators, considering lessons learned from defusing systemic risks in the banking sector, have set their sights on similar risk tools to reduce the systemic risks associated with open-ended bond funds. An industry representative claims that such macroprudential tools won’t work as regulators don’t fully understand how fund management works. The markets, meanwhile, have little faith that regulators can effectively resolve this daunting conundrum.