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.
Inviting markets to take ownership of parts of the rulemaking process is a key aspect of the UK's post-Brexit regulatory shake-up
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
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
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
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
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
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
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
Following more than 40 hours of interviews with 63 sources across financial services, Practice Insight’s landmark investigation into the accumulative impact of the financial crisis is now available
Thank you for printing this article from Practice Insight.
Practice Insight, a new service from IFLR, tracks regulatory-driven uncertainty in banks, asset managers and trading venues in news analysis and anonymous market-wide surveys.
If you have been given this article by a subscriber, you can contact us through www.iflrinsight.com/sign-in, or call our London office on +44 (0)20 7779 8870 to discuss our subscription options.