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.

US market explains its resistance to Mifid II

Sep 13, 2018

Despite predictions its rules-based approach would reach across the Atlantic, asset managers, banks and trading venues say very little has changed for them

SFTR projects put on hold after Esma opinion

Sep 11, 2018

Esma’s dismissal of the Commission’s draft technical standards has both banks and asset managers now anticipating a formal delay. Others argue the project is significant and time is of the essence

Brexit & CCP recovery: don’t go chasing waterfalls

Sep 6, 2018

An EU clearinghouse says that Brexit will create an uneven playing field for CCP resolution as the BoE has not ruled out public funding in the case of a default

Banks fear CSDR mandatory buy-in regime

Aug 30, 2018

The undisputed winner is settlement efficiency, though some argue the new rules solve a problem that doesn’t exist. Institutional investors and broker-dealers must start work now

Buyside stalls on implementing initial margin rules

Aug 28, 2018

Legal and regulatory specialists are concerned, insisting CSA negotiations and calculations must start as soon as possible. Interest rate swaps will be hit hardest

Mifid II: market explores process trade options

Aug 15, 2018

The flexibility of venues is easing compliance pains and ramping up competition in the trading platform space. Variations on the hybrid trading model are becoming more popular

SFTR shifts repo market’s priorities

Aug 7, 2018

Repo market makers are now more focused on trade venue systems and less on pricing for the first time

SFTR: market lacks consensus on agent lender disclosure

Jul 31, 2018

Now is the time for funds to get in touch with their prime brokers to agree how the disclosures will be made

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