As of November 1, the European Securities and Markets Authority (ESMA) will enforce a ban on naked short-selling of shares and sovereign debt, alongside stricter rules on transparency.
While most incoming regulation is subject to lengthy debate and editing before implementation, this particular mandate has been relatively swift. ESMA's initial consultation on the subject surfaced on January 24 of this year, leaving just a little over nine months for firms to respond.
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James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails