As the EU tightens the screws on isolation measures and local regulators devise unprecedented emergency plans, market participants reflect on the lessons that may be learnt from this crisis
Esma’s decision to grant a three-month forbearance to phase one firms has been largely welcomed, but market participants are reluctant to ease the pressure on their compliance efforts
Market participants have been unable to find a solution to this known problem area
As the next phase of uncleared margin rules approach, many firms not currently affected are taking steps to avoid falling under its scope
Industry associations Isda and the FIA recently published new best practice guidelines on Emir reporting, but their effect could be limited if not widely adopted
With the virus situation rapidly escalating across the globe, Isda has already postponed its outstanding consultation on pre-cessation fallbacks. Other delays are likely to follow
Notwithstanding the domino effect that Covid-19 is already having on numerous areas of the financial market, European CCPs expect their discounting switch to be executed on time
Despite regulators’ actions, independent research providers are encouraging the buyside to use the free research they remain entitled to, including trials
Following more than 40 hours of interviews with 63 sources across financial services, Practice Insight’s landmark investigation into the accumulative impact of the financial crisis is now available
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