European Securities and Markets Authority (Esma)
Dealers Push for Delay of European Derivatives Trading Obligation
Banks and industry associations warn of havoc if current timeline is implemented
NEX Launches Reporting Platform for Revised Emir Requirements
Nex Regulatory Reporting has introduced its new reporting solution, based on updated European derivatives rules
Buy Side Questions Value of MiFID II Cost Transparency Data
“It is a competitive marketplace and, in my experience, professional traders are quite capable of trading at a market price that is fairly independent of a specific dealer’s cost structure.”
FCA Worried by Lack of Readiness for MiFID II Reporting
UK watchdog accepts “scale of the challenge” but urges firms to “crack on” with putting data reporting apparatus in place
ESMA Clarifies EU Benchmark Index Rules
ESMA has published a Q&A intended to address some of the uncertainty surrounding benchmark index usage under the new Benchmark Regulation.
FCA Clarifies Approach to Research Unbundling under Mifid II
Amendments to rules on best execution and investment research confirmed by regulator for UK firms ahead of January 2018 implementation date.
Bumpy Ride Ahead for EU Benchmarks Under BMR
Regulators turn their attention from one type of benchmark to another, prompting some firms to hive off index businesses, and leaving those that remain-and the acquirers-with significant compliance burdens.
Banks Wrestle with Mifid II Derivatives Quoting Rules
Chris Davis explains why derivatives dealers are wary of new quoting requirements under Mifid II.
Lack of ESMA Data Fuels Energy Firms’ MiFID Woes
Stella Farrington reports on how a hold-up in data from ESMA is causing havoc for commodity firms that need to perform tests to determine whether they fall under the scope of MiFID II.
June 2017: Silver Lining in a Perfect Storm
Max says firms can find opportunities in the data challenges presented by regulation.
IBM Watson, Euro Clearing and Finastra: A Week in Review
John reviews some of last week’s top sell-side stories, including the European Commission’s proposals for new rules on the supervision of non-EU CCPs.
Tech Challenges Loom as Europe Eyes London’s Clearinghouses
New EU rules suggest London-based clearinghouses may be forced to relocate to the eurozone.
ESMA Preps Financial Instruments Reference Data System Launch
The Financial Instrument Reference Data System (FIRDS) will go live on July 17, 2017.
ESMA Fines Moody’s €1.24M for Credit Ratings Breaches
ESMA says that between June 2011 and December 2013 Moody’s failed to explain decisions for 19 ratings.
ESMA Grants Approval to Bloomberg European Trade Repository
Bloomberg set to open trade repository for Europe for OTC and exchange-traded derivatives reporting.
Tradeweb APA Signs BNP Paribas, Credit Suisse, Morgan Stanley, Societe Generale for Mifid II Reporting
Four institutions join Deutsche Bank, Goldman Sachs, JPMorgan on APA Mifid II reporting service.
Systematic Internalizers: An Ambitious Regulation Caught in the Crossfire
The SI regime has proven to be the most fragile piece of regulation, as its legal loopholes have triggered a series of political events and has been established as the market’s most notorious law.
Buy-Side Firms Seek Order-Routing Transparency to Measure Broker Performance
Pressure on brokers is growing as asset managers demand more transparency and analytics around order routing data.
FCA Recognizes Mifid II Data Challenges but Reiterates “Real Deadline” Stance
The UK's Financial Conduct Authority is working to ensure its own readiness for Mifid II data challenges, and acknowledges that many firms will struggle with similar issues.
Brexit Undermines MiFID Data Foundations
Even after Britain leaves the European Union, financial firms wanting to do business within the EU will need to comply with MIFID II. But removing the UK from EU markets could still derail new European trading and transparency rules. Samuel Wilkes…
Regulatory Forbearance May Not Be Forthcoming for VM Rule Changes
A last-ditch plea to regulators to take a lenient approach once the variation margin requirements come into effect may fall on deaf ears.
Variation Margin Requirements: The New Big Bang
On March 1 this year, a new set of requirements for variation margins on derivatives trades take effect that will affect nearly all market participants across both cleared and non-cleared derivatives. In the run-up to the deadline, John Brazier finds…
January 2017: The (Probably) Final Countdown
With MiFID II just 12 months away, Max previews this issue of Inside Data Management's focus on the upcoming European regulation.
The Aggressive & the Cautious: The Buy Side's Reaction to MAR
The implementation of the Market Abuse Regulation last year was a small sample of what the market can expect when Mifid II takes effect next year.