European Securities and Markets Authority (Esma)

Bumpy Ride Ahead for EU Benchmarks Under BMR

Regulators turn their attention from one type of benchmark to another, prompting some firms to hive off index businesses, and leaving those that remain-and the acquirers-with significant compliance burdens.

Brexit Undermines MiFID Data Foundations

Even after Britain leaves the European Union, financial firms wanting to do business within the EU will need to comply with MIFID II. But removing the UK from EU markets could still derail new European trading and transparency rules. Samuel Wilkes…

Variation Margin Requirements: The New Big Bang

On March 1 this year, a new set of requirements for variation margins on derivatives trades take effect that will affect nearly all market participants across both cleared and non-cleared derivatives. In the run-up to the deadline, John Brazier finds…