European Securities and Markets Authority (Esma)
Thomson Reuters Launches SI Reporting Service
RTS 27 Now helps banks registered as SIs meet their reporting requirements under Mifid II.
Trax Taps TR Data for SI Volume Alert Service
The data will support Trax’s MiFID II and SI determination service, which indicates a firm’s potential to become an SI before the assessment period.
Illuminated Data: SFTR May Reach Too Far
While waiting for the regulators’ final word on SFTR’s technical specifications, SFT market participants and counterparties are planning their compliance strategies amid concern that the regulation goes too far in its goal to bring shadow banking into…
SI Rules Switch from Optional to Mandatory Sept. 1
Half of the systematic internalizer obligations will soon become compulsory.
Under the Water: How Mifid II's Dark Caps Have Changed Trading
The story of how the double volume cap began is just as important as what's happened in 2018.
Bad Blood: Regulators Lose Patience with Mifid II’s Dirty Data
Problems and bad practices continue to plague Europe's vision of a new transparency regime. An inside look.
Time's Up: Esma Sticks to the Schedule for Mifid II LEI Compliance
Esma’s ‘No LEI, No Trade’ policy gets real after the official end of a grace period on Mifid II’s LEI requirement, while at the same time Hong Kong regulators have introduced a new LEI mandate to boost identifier use in the region. Jamie Hyman and Wei…
LEI Grace Period Ends July 2
Esma warns six-month LEI grace period will not be extended.
June 2018: It’s Not About Winning, It’s About Compliance
Do you know your APA from your CDO? Max summarizes the topics covered in this month's issue of Inside Data Management.
Bank Execs Call for Regulatory Harmonization and Cross-Border Clarity
Panelists discuss operational issues involved in cross-border compliance with Mifid II.
Mifid II’s Reference Data Problems Drag On
Nearly half a year after Mifid II went live, sticky reference data issues are standing in the way of smooth compliance operations.
Wavelength Podcast Episode 123: An Examination of the SGX-NSE Row; Esma Targets Reporting Platforms
Wei-Shen Wong joins to discuss the brewing battle between the SGX and NSE and Anthony and James look at Esma's shot at reporting platforms.
APAs Under Pressure as Esma Cracks Down on Data Tangle
Reporting platforms told by regulator to substantially improve quality of publicly reported data.
Mifid II’s ‘Free’ Data Lockdown
Traders say Mifid II transparency is failing partly as a result of questionable practices by trading venues and APAs, which publish pre- and post-trade data, and that the data is not always available to the public for free as the law requires
Reference Data Standards Reaching ‘Peak Implementation’
The wide adoption of reference data and accompanying standards creates both opportunities and challenges, said Cusip Global Services vice president and COO at the North American Financial Information Summit.
LEI Uptake Still Brisk Post-Mifid II Deadline
The lead-up to Mifid II led to a huge jump in Legal Entity Identifiers issued, and LEI uptake continues to break records through Q1 2018.
RTS 28 Data Requirements ‘Misleading, Confusing’
Mifid II’s RTS 28 reporting requirements require data that may be of little value, or worse, could be misleading.
Wary Brokers Sound Alarm on Mifid II's RTS 28
Brokers are concerned that reports on best execution, due in just a few days, may be too onerous to produce in full.
Regulators Warn on Phishing Scams
Increasingly sophisticated schemes are targeting firms and individuals, watchdogs say.
European Watchdogs Warn on Cyber, Cloud and CCPs
The bloc’s primary financial regulators say immediate work is needed to protect systems.
SmartStream Shifts Strategy on SI Data
Smartstream RDU, which had previously announced it would take a utility approach to centralizing and sharing SI data, announces an SI Registry in collaboration with six APAs.
For Systematic Internalizers, Volumes Only Tell Half the Story
Identifying what constitutes true trading activity and addressable liquidity is key to analyzing the success of market reform, experts say.
March 2018: Regulatory Watchdogs Show Their Teeth
After some questioned ESMA's resolve, the regulator is stepping up its enforcement efforts. Max reviews how ESMA wants market participants to know that its bite can be worse than its bark.
Esma Wades In: Regulator Targets Rating Agency Fees
Data consumers have long-bemoaned the fees charged by rating agencies, citing prices and a lack of transparency around how fees are set as key concerns. With no response from the agencies to user groups, Esma is now weighing in on the subject. Pauline…