At the heart of this calibration process is the data underpinning MiFID II’s regulation of market structures and practices. If this crucial reference data set were to be altered dramatically, it would completely distort the functioning of many central planks of MiFID, including trading and transparency obligations for equity and non-equity instruments alike.
Enter Brexit. If the UK leaves the European Economic Area (EEA) single market without a post-Brexit special arrangement, trading activity
IBM makes headway with blockchain and encryption services; the FCA's Stephen Hanks says firms need to make decisions about their ARMs and APA providers soon.Subscribe to Weekly Wrap emails