Being given a stretch assignment from your manager is an opportunity to advance your skills, says Mikaela Kiner, founder and CEO with uniquelyHR. "The assignment should help you do one or more of the following: Build new skills, increase your visibility, try out a new discipline or geography or gain an experience like managing people that you haven't had before," she says.
The Commodity Futures Trading Commission is working to align reporting rules for swap-data repositories with those of other regulators but will not adopt Europe's favored method of dual-sided reporting, Chairman J. Christopher Giancarlo says. The CFTC requires one counterparty, usually the dealer, to report transaction details, which Giancarlo says is a better approach.
The Commodity Futures Trading Commission has warned investors to look out for cryptocurrency "pump-and-dump" schemes, in which promoters use social media and other online outlets to manipulate the market price of cryptocurrencies. The CFTC has received complaints from investors who have lost money through the scams.
Dan Bucsa, an oversight official at the Commodity Futures Trading Commission, has given a chilly reception to an executive's suggestion that the CFTC prioritize blockchain work more. It is up to the industry to "decide to transition to a new way of doing things," Bucsa says.
Data indicate cleared swaps volume is concentrated in a small group of systemically important clearinghouses. LCH leads in interest rate and foreign exchange, while Intercontinental Exchange dominates credit derivatives.
Billions of pounds of digital trade could be threatened if the UK leaves the EU without a data-transfer agreement, says Steve Wood, the UK's deputy information commissioner. British businesses are asking whether they need legal authority for UK-EU data exchanges after Brexit eliminates their automatic right to cross-border transfers, Wood says.
Decoupling between US Treasurys and emerging-market local-currency bonds might mean emerging-market bonds are due for an inflation-linked correction, Jonathan Wheatley writes.
Changes to the Basel Committee on Banking Supervision's Pillar 2 approach to operational-risk capital might create an uneven playing field that includes an increase in capital requirements for European banks while US banks see a decrease. Banks hope regulators make adjustments before the standardised approach takes effect in 2022.
Use of request-for-quote platforms appears to have risen since the start of the year, with the Tradeweb platform reporting a 32.1% increase in average daily exchange-traded-fund deals and the two other leading platforms expected to post similar figures. A requirement of Europe's revised Markets in Financial Instruments Directive for buy-side firms to provide evidence of best execution, which they can do automatically by using RFQ platforms, is thought to be propelling the growth.
The EU should make budget preparation more transparent and fully open to democratic oversight, the European Court of Auditors says. The budget should present a clear picture of "costs, benefits and net balances of EU membership," auditors say.