Financial Conduct Authority (FCA)
Europe’s Mifid Monster Lurches to Life
January 3 went smoothly for many, but the launch of Europe's far-reaching reform package wasn't without problems.
FCA Names International Director, Esma Refreshes Board
UK regulator appoints Nausicaa Delfas executive director of international, while Esma replaces two outgoing board members.
AIC’s Sayers on the Trouble with KIDs Today
From misleading risk indicators to unfair, unbalanced requirements, the head of the Association of Investment Companies talks to Jamie Hyman about the problems with rules around Key Information Documents, and why they are nearly impossible to solve.
Mifid Data Runs Aground with Issues at European Regulators
Glitches and halts mark first few weeks of transparency requirements at systems operated by regulators.
Artificial Intelligence: From Winter to Spring
AI is experiencing a renaissance, but some are concerned that it could carry hidden risks.
Tradeweb APA Bug Mires Mifir Reporting
Reporting platform began rejecting trade reports due to mismatched identifiers, banks say.
New Dawn in Europe as Mifid II Goes Live
Updated trading rules to have significant impact across all asset classes.
Markets Brace for Mifid II’s Start
Fraught times at the Christmas table as tech specialists rush to implement last-minute changes.
UPDATE: ESMA Grants Six-Month Grace Period for Mifid II LEI Compliance
Banks and trading venues will be given an extra six months to comply with LEI requirements
Never Mind the Brexit: UK Treasury Releases Asset Management Plan
British government releases a number of proposals to maintain the strength of the UK’s investment managers after Brexit.
Peeling Back European Regulations in 2018: What to Expect Next Year
Waters runs through the key facts you need to know about Mifid II, GDPR, BMR and Brexit.
Mifid's Architect: Esma Chair Steven Maijoor
Europe’s top markets cop talks to Waters about Mifid II and III, Brexit, no-action letters, clearinghouses and the regulator’s future.
Esma: Mifid III Not in the Works
Third phase of regulatory reform is not being actively considered at this point, insists regulator’s chairman.
EU Gets Tough on ‘Research’ Unbundling
Mifid II will force sell-side firms to unbundle research fees from dealing commissions they charge to buy-side clients. The banks claim their front-office notes meet the criteria of being a minor non-monetary benefit, but EU watchdogs aren’t convinced,…
Systematic Internalizer Ranks Swell Ahead of Mifid II
While buy- and sell-side firms grapple with the reporting obligations imposed on so-called systematic internalizers under Mifid II, the number of registered SIs continues to grow. Jamie Hyman investigates why more firms are opting in to the designation…
FCA Likely to Review Consolidated Data in 2018
It is looking increasingly likely that no consolidated tape provider will be authorized by the time Mifid II comes into force Jan. 3; regulators call lack of authorized CTP an “ongoing issue.”
Solvassure Unveils GDPR Compliance Platform
The regtech firm has released a platform designed for compliance with the General Data Protection Regulation and the Accountability Regime.
FCA: Mifid II Enforcement Starts Jan. 3, Will Be Targeted
UK regulator's Mifid coordinator underscores message from European Commission earlier this month: no further delays to deadline. However, enforcement will be targeted.
Merrill Lynch Slapped with $45 Million FCA Fine for EMIR Reporting Failures
First enforcement action under EMIR taken by UK financial watchdog over exchange-traded derivatives reporting.
Regulators 2.0: Embrace Tech or Be Overwhelmed by Data
To handle the massive increases in data volumes expected from Mifid II regulation and the US Consolidated Audit Trail, regulators are examining their own data governance and technology use, report Joanne Faulkner and Kirsten Hyde.
Bloomberg, Trax, LSE Among First Approved as ARMs
Financial Conduct Authority has started issuing approvals to entities that applied to act as ARMs under Mifid II.
The Insecurity of Security
Lingering questions remain over the SEC's handling of its own cybersecurity incident.
FCA Enhances Technology Firepower and Warns on Mifid II
The regulator says that it cannot create a layer of permitted compliance below European standards.
R3, FCA Collaborate on Mortgage Transaction Reporting DLT Prototype
R3 has built a prototype application for regulatory reporting of mortgage transactions with the help of the FCA and two major banks.