Financial industry analyst Ebsco Industries Financials has compiled a list of the most highly exposed companies to Ebi.
The company says it is concerned about the EBI’s proposal to introduce a cap on trading for derivatives contracts, and its proposal to ban the use of trading for cryptocurrencies.
EbsCo Industries Financial is concerned that the EBSC is attempting to create an entirely new regulatory framework for derivatives.
The EBSCC said in a statement on Friday that it is working with regulators to “help shape and implement a comprehensive regulatory framework that includes a range of regulatory tools.”
The company said it is also concerned about EBI taking away trading rights and requiring a “trade in a single market.”
EBSCO Industries Financial says it believes the EIB’s proposal would “disrupt the trading landscape, hamper the development of innovative products, and threaten the long-term viability of our industry.”
The EBI proposal “will not only negatively impact financial companies and the financial stability of the global economy, it will also harm our business, our customers, our investors, and our partners,” EbsCO Industries Finance CEO Andrew Hulme said in the statement.
EBSCo Industries Finance said that while it is a positive step toward bringing the derivatives market into a single regulatory framework, it does not address the underlying causes of the current volatility in derivatives markets.
The industry is concerned because of the EIRs proposed cap on the trading of derivatives, which it says would lead to a more “divergent trading environment.”
Ebscorp Financial Services, a broker-dealer, said that EBI is seeking to “create a new regulatory environment for derivatives that is fundamentally different from the current derivatives trading environment.
EBI does not understand that the underlying financial institutions are in a state of financial crisis.”