European Commission (EC)
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.
Fintech Could Demolish Europe’s Capital Markets Union Barriers
Influential lobby group urges European authorities to consider how technology could resolve outstanding issues with its single-market project.
CFTC Examining SEF Reform amid Europe Clearing Row
Chairman criticizes European Commission proposals for clearinghouse oversight.
NEX Regulatory Reporting Pushes for SFTR Trade Repository Status
London-based NEX Regulatory Reporting plans to become an SFTR trade repository ahead of a dedicated reporting solution.
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.”
Brexit Looms Over Future of European Financial Markets
A lack of clarity about the UK’s departure from the European Union is an ongoing source of concern for the financial services industry, leading to continuing questions around investor protection, transition costs and regulatory obligations.
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.
DTCC to Enhance Global Trade Repository for SFTR
The Depository Trust & Clearing Corporation is prepping for SFTR by enhancing GTR to support securities financing transaction reporting across Europe.
Esma Panel: Arrival of Mifid II will be “Like Christmas”
Esma conference panelists discuss how the trading and market infrastructure will be affected by incoming regulatory changes.
European Commission: Post-Crisis Regulation Must Focus on Fintech
Fintech developments and implementation requires greater regulatory supervision, according to the European Commission's vice president.
Compliance Countdown: On the Home Stretch to Mifid II
September 25 marked exactly 100 days until Europe’s new financial regulatory framework, Mifid II, becomes law. Jamie Hyman gets the lowdown from market participants and observers on whether the industry is ready, what the remaining three months will look…
EC Taps Macrobond for Research Data
Macrobond will supply macroeconomic and financial data to the European Commission’s finance and economic department
Putting a Price on the Future of Sell-Side Research
New regulations and independent rivals mean sell-side firms have a serious issue when it comes to pricing research.
WFIC 2017: Brexit, GDPR May be Bigger Disrupters than MiFID II, Says MEP Swinburne
The importance of data is rising in regulatory circles, Swinburne told WFIC attendees.
The Insecurity of Security
Lingering questions remain over the SEC's handling of its own cybersecurity incident.
Waters Wavelength Podcast Episode 88: CBOE's Bryan Harkins, SEC Hack, Esma Proposal
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.