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.

UK wholesale markets review: more carrots, fewer sticks

Jul 28, 2021

Inviting markets to take ownership of parts of the rulemaking process is a key aspect of the UK's post-Brexit regulatory shake-up

Market participants applaud push towards SOFR use in China

Jul 21, 2021

Education and awareness-raising work are still needed to push banks to transition away from Libor, but application of the country’s domestic benchmark rate is increasing

Brexit: formal talks on future EU-UK relationship must start

Jul 14, 2021

While the memorandum of understanding on financial services was widely welcomed by the industry, sources say the time has come to step things up and begin actual discussions

UK wholesale markets review eases Brexit anxieties 

Jul 13, 2021

The much-anticipated consultation is a roadmap for regulatory divergence, but sources have questioned whether the UK’s plan to attract global business by simplifying rules is a genuine opportunity, or a Brexit fantasy

Market needs more time for euro clearing shift

Jul 8, 2021

Three key dates for the clearing of derivatives in the post-Brexit world are coming up in June next year, which market participants say could be a recipe for disaster

Post-Brexit clearing more of a concern than trading

Jun 29, 2021

While the lack of equivalence between UK and EU venues has caused derivatives trading to shift to the neutral territory of US SEFs, the loss of clearing equivalence poses greater risks

Markets disappointed by Mifid II review process

Jun 24, 2021

The sheer volume of ESMA consultation papers has caused issues for market participants who are grappling with more immediate challenges, such as the Covid-19 crisis

Brexit Mifid II divergence puts dark pools under the spotlight

Jun 17, 2021

While the EU wants to tighten restrictions on dark pool trading, the UK has made it clear that it is open for business and will take a softer approach to pre-trade transparency