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.
The new regime aims to separate prudential requirements for banks and investment firms, but market participants denounce excessive complexity and a ‘copy-and-pasting’ of CRR/CRD rules
Agreed upon earlier this year, the post-Brexit forum for financial services talks has not formally started, which sources say is holding up progression on equivalence decisions
The EU and the UK diverge on their market structure reforms, but market participants are hopeful that policymakers on both sides of the Channel will make evidence-based decisions
Dependency on third-country financial services in a post-Brexit world jeopardises financial stability, sources have said, arguing that the EU needs to strengthen its primary market
The bloc has more than six hundred venues operating in multiple jurisdictions and languages, but without a tape the full advantages of that landscape will be lost
The UK’s wholesale markets review consultation period may have just concluded, but its market-led approach to rulemaking has only just begun
Although regulatory divergence has begun to emerge, market participants at the FIA international derivatives expo argued that regulators on both sides of the Channel share mutual goals and a common direction of travel
While the EU Commission says the future CT will form the centrepiece of its Mifid II/Mifir review, the sellside continues to worry about premature reforms to the bonds deferral regime
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
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