Trading venues explain why the Netherlands is emerging as a winner in the market infrastructure space, though the EU as a whole risks losing significant business to the US in the process
Systematic internalisers say that non-EU counterparts don’t want to trade with them anymore over information leakage fears as more extraterritorial results emerge
Phase five firms are concerned the process of producing figures will lead to conflict. Others are keeping implementation projects on ice in the hope that BCBS-Iosco will bend to their lobbying
Administrators from outside the EU are already withdrawing from the continent. Users should prepare for the worst: the loss of hundreds of critical reference points
The directive’s product governance framework is still causing headaches, with disagreements over when to conduct the reviews and how granular to be. Compliance teams are struggling with the concept of proportionality
Sources are concerned about the future of AT1s as firms cut back on their capital solutions teams after struggling to interest investors. Some hope that MREL will give it a much-needed boost
Even the EU Commission has now acknowledged the practical issues making recognition and endorsement highly unattractive. The highly politicised equivalence process may now be their best bet
Continental European firms have had a relaxed approach to the UK’s exit so far with many yet to start on contingency plans or repapering, according to in-house sources
This landmark Libor reform survey finds a market split on everything from managing the transition and minimising disputes to impact on documentation and pricing. In-house lawyers, heads of rates, traders and corporate treasurers tell us how the upheaval will affect them
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