European Commission (EC)
A Way Forward for the Consolidated Tape?
A recent EU-backed report has presented what might be the most viable governance model yet for the controversial project.
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Dutch Regulator Seeks to ‘Level Playing Field’ for Vendors & Venues
AFM suggests some liquidity aggregators should be classified as organized trading facilities.
European Commission Picks FactSet for Risk Data
The EU authority is buying three datasets from the vendor, which it will use to track supply chain risk in the single market.
EU's AI Regulations Could Lay Blame With CTO
Jo wonders if the EC's approach to regulating AI could adapt existing liability laws—with implications for individuals.
The Need for a Designated Crypto Asset Regulator
Senior academic says a new taxonomy—and a new regulator—is needed to determine whether crypto assets should fall under existing financial frameworks.
Regulators Defend ESG Data Requirements
Disclosures will protect end investors and increase the amount of data on ESG, supervisory authorities said at a public hearing.
BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation
The central bank's report on the future of post trade will face the same competitive interests that have hindered previous attempts at eliminating inefficiencies and bringing automation to the back office.
ESG Disclosures Will be a Data Sourcing Headache for the Buy Side
The draft technical standards for the EU's updated disclosures regulation will impact most market participants, analysts say.
Bloomberg: Regulation Driving Demand for ESG Activities Data
Ratings providers must update their products, as a raft of new regulation drives transparency in the sustainable investing sector.
MarketAxess' Trax to Begin Industry Testing for New SFTR Tool
Starting next month the vendor will allow testing for its UTI portal to help with SFTR compliance.
Amid Rising Criticism of ‘Misleading’ PRIIPS, EIONA Promises Amendments
Growing concern from regulators and industry bodies about potential harm to investors could yet force the European Commission to eventually rethink its position on PRIIPS.
Big Problems, Short Codes: A Potential Solution to GDPR's Info Privacy Challenges
Looking ahead to GDPR, ARMs and trading venues are developing ways to better protect the personal data they are required to collect, report and store under Mifid II, while investment firms tasked with providing personally identifiable information to the…
The EU and US Are Playing a Dangerous Game
Bickering between regulators rarely helps anything, but power plays involving CCPs are even less helpful.
Waters Wavelength Podcast Episode 114: A Recap of FIA Boca - Blockchain, Crypto, AI, Brexit
WatersTechnology attended the Futures Industry Association's annual conference in Boca Raton, Florida. These are the takeaways.
Industry Criticizes Equivalence Measures in Europe’s Brexit Stance
Experts welcome transitional relief but say equivalence is not an appropriate basis for free-trade agreements.
CFTC Commissioners Lash Out at EC Clearing Proposals
The push to expand oversight of US CCPs is “a clear breach” of 2016 equivalence deal, Quintenz says.
Waters Wavelength Podcast Episode 112: A Look at How Fintechs are Being Disruptive
The past two weeks have seen some major announcements that point to fintechs being even more disruptive than in years past.
Europe Unveils Fintech Action Plan
European Commission seeks to build EU fintech lab, promote blockchain and review rules in light of emerging tech.
UPDATE: Markets, Regulators Not Yet United on Mifid II
Just over a week into Europe’s new financial regulatory regime, Joanne Faulkner assess the key challenges that still lie ahead as market participants and regulators alike grapple with the data and reporting requirements of Mifid II.
Esma Proposes CCP Margin Model Disclosures
European regulator takes step toward forcing clearinghouses to disclose exactly how they calculate risk and collateral requirements for trades.
Law & Disorder: US Preps Defense Against Mifid II
As Mifid II's deadline approaches, US firms affected by the rules are still waiting for regulators to resolve crucial conflicts between European and American laws, and are likely to be making adjustments well after the deadline has passed, reports…
The KIDs Are Alright (But the Priips Still Have Issues)
Europe’s Packaged Retail and Insurance-based Investment Products becomes law on January 1, 2018. In-scope market participants racing to meet its significant data and reporting challenges all face the same hurdle: how to calculate implicit costs. Jamie…
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.