This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement of exchange-traded and OTC securities, followed by a description of the technology’s potential role for central counterparties and central securities depositories. Although...

This article describes the events leading up to the EURIBOR reform and the efforts to make EURIBOR compliant with the European Benchmark Regulation. It also explains the actions undertaken to transition from EONIA towards €STER and the reasoning behind the choice to recalibrate EONIA into...

This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement phase of the trade life cycle and describes its potential role for central counterparties and central securities depositories. Although the industry is attempting to solve the...

This article examines the impact of the energy crisis, as a consequence of the Russian-Ukrainian conflict, on commodity derivatives trading regulation in Europe. More specifically, as a consequence of gas futures prices being elevated and highly volatile, European legislators introduced on 22...

Because of the excessive prices and volatility in the energy derivatives markets over the period 2021-2023 margin calls increased considerably leading to major European energy companies experiencing liquidity stress in meeting their margin calls. As a consequence, several local governments...