"If we didn't have serious concerns, we would have given our go-ahead," says Jonathan Todd, competition spokesperson for the EC. "It may be that our concerns are ill-founded and when we look at the issues in-depth we'll find that it might not be a problem after all. Or if they are confirmed, [Thomson and Reuters] might come up with suitable remedies," he adds.
The second phase of investigation will take a further 90 working days. Specific markets requiring further investigation include "data
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