Debt, equities and FX market participants are pricing in a delay to Brexit following the vote on March 12, as well as preparing the new deal pipeline for the first week of April
Transaction reporting, best execution, costs and charges are expected to be key enforcement areas. The UK regulator's market reporting team has already sent a number of letters to banks and fund managers
Researchers and sellside consultants think the mispricing of public sector bonds is mainly the result of “opaque” OTC markets, not evidence of widespread collusion. The EU's new rules have not changed much
Trade groups and consultants are reticent about the international body’s statement on the €50 million IM exchange threshold. They say it does not provide enough certainty
Buyside sources are concerned about the application of the simple, transparent and standardised criteria to the private ABS market, arguing that it has over-complicated matters
A senior VP at AllianceBernstein, alongside trading venue and regulatory sources, recognise the obstacles, but think the democratisation of data can only be a good thing
The US' chosen Libor replacement has an alarmingly low curve in the swaps market compared to interbank offered rates – but New York-based sources say it’s too soon to write it off just yet
The first rate-rigging lawsuit against ICE-administered Libor bears little resemblance to the high-profile cases of the past, according to panel banks and financial fraud experts
This landmark Brexit survey reveals how capital market participants are responding to the UK's exit from the EU, as both buy and sellside firms discuss their struggle with internal politics, novations and relocation preparations.
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