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.

Asifma: how Asia is facing the EU Benchmarks Regulation

May 15, 2019

Practice Insight speaks to John Ball, Asia Pacific managing director of GFMA’s global FX division, on what the BMR means for non-EU benchmark providers and how the industry is preparing

Goldman/UBS fines sharpen Mifid reporting compliance

May 14, 2019

Following the fines of £34.3 million and £27.6 million meted out to Goldman Sachs and UBS respectively for reporting failures, compliance functions at banks and other market participants tell Practice Insight they expect further penalties this year

Market demands STS harmonisation

May 9, 2019

Bankers, third-party verifiers and lawyers wish to see uniformity from national regulators on the interpretation of the STS rules for securitisation, specifically on the underlying pool of assets, data disclosure and treatment of receivable risks

Buyside at risk of Emir reporting fines

May 7, 2019

While banks appear to be complying well with Emir’s complex reporting requirements, a number of buyside firms could be in for a shock if the regulator chooses to come knocking at their door

SFTR creates additional burden for US repo settlements

May 2, 2019

In the latest extraterritorial move from European policymakers, the new securities financing rules are likely to cause a number of problems for US firms executing trades in the EU

STS: historical data rules obstruct new originators

Apr 30, 2019

A batch of STS-approved deals makes some hopeful about the new regime, but others remain unconvinced and believe the market will shrink due to the stringent data requirements

SFTR: trade groups demand clarity on buy-sell back and repo

Apr 24, 2019

In-house compliance teams are finding it hard to digest Esma’s guidance on SFTR as some definitions are inconsistent with Icma’s best practice guide, specifically repo and buy-sell back transactions

Esma’s STS template stasis leads to new market practice

Apr 15, 2019

Market consensus is forming around temporary solutions such as the CRA III or BoE templates while firms continue to wait for the European Commission’s approval