Compliance

Compliance


News analysis on how banks, asset managers and trading venues are implementing new rules, from the changing nature of market structure under Mifid II, to how firms are grappling with transparency obligations and transaction reports.

CSDR will damage European securities trading

Nov 1, 2018

Some banks are advising clients to avoid settling on an EEA depository where possible to avoid the controversial mandatory buy-in regime. That approach may become more credible post-Brexit

Initial margin: threshold changes raise cost concerns

Nov 12, 2018

Phase four and five firms are worried that the costs and efforts preparing for uncleared margin rules will be gone with the wind, especially following the CFTC’s threshold announcement

Asset managers still aren’t preparing for Brexit

Oct 31, 2018

Almost half of UK-based buyside firms haven't started yet with just months to go, according to in-house lawyers. Here the Central Bank of Ireland's asset management director responds

Mifid II: systematic internalisers face uneven playing field outside EU

Oct 18, 2018

SIs say that non-EU counterparts don’t want to trade with them anymore over information leakage fears as more extraterritorial results emerge

How the Benchmarks Regulation will stifle growth

Oct 15, 2018

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

Mifid II: banks diverge on target market reviews

Oct 11, 2018

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

BMR: third countries are running out of options

Oct 9, 2018

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

MREL delays, confusion puts banks under pressure

Oct 4, 2018

Capital structuring heads explain that uncertainty on the eligibility requirements of instruments is restricting their medium-term debt sales planning. The risk is that it floods the market in 2019



Special reports


Libor Survey Report

Latest report

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