MiFID II’s data disaggregation requirements aim to reduce data costs by forcing marketplaces to unbundle datasets and sell consumers only the specific data they need. But in reality, this seemingly simple and cost-reducing idea could make buying and…
Market codes release shows over a dozen new entities registered in activity ramp-up
Banks and industry associations warn of havoc if current timeline is implemented
Nex Regulatory Reporting has introduced its new reporting solution, based on updated European derivatives rules
“It is a competitive marketplace and, in my experience, professional traders are quite capable of trading at a market price that is fairly independent of a specific dealer’s cost structure.”
UK watchdog accepts “scale of the challenge” but urges firms to “crack on” with putting data reporting apparatus in place
ESMA has published a Q&A intended to address some of the uncertainty surrounding benchmark index usage under the new Benchmark Regulation.
Amendments to rules on best execution and investment research confirmed by regulator for UK firms ahead of January 2018 implementation date.
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.
Chris Davis explains why derivatives dealers are wary of new quoting requirements under Mifid II.
Stella Farrington reports on how a hold-up in data from ESMA is causing havoc for commodity firms that need to perform tests to determine whether they fall under the scope of MiFID II.
Max says firms can find opportunities in the data challenges presented by regulation.
John reviews some of last week’s top sell-side stories, including the European Commission’s proposals for new rules on the supervision of non-EU CCPs.
New EU rules suggest London-based clearinghouses may be forced to relocate to the eurozone.
The Financial Instrument Reference Data System (FIRDS) will go live on July 17, 2017.
ESMA says that between June 2011 and December 2013 Moody’s failed to explain decisions for 19 ratings.
Bloomberg set to open trade repository for Europe for OTC and exchange-traded derivatives reporting.
Tradeweb APA Signs BNP Paribas, Credit Suisse, Morgan Stanley, Societe Generale for Mifid II Reporting
Four institutions join Deutsche Bank, Goldman Sachs, JPMorgan on APA Mifid II reporting service.
The SI regime has proven to be the most fragile piece of regulation, as its legal loopholes have triggered a series of political events and has been established as the market’s most notorious law.
Pressure on brokers is growing as asset managers demand more transparency and analytics around order routing data.
The UK's Financial Conduct Authority is working to ensure its own readiness for Mifid II data challenges, and acknowledges that many firms will struggle with similar issues.
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…
A last-ditch plea to regulators to take a lenient approach once the variation margin requirements come into effect may fall on deaf ears.
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…