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.

Mifid II: UK firms start receiving FCA letters

Mar 14, 2019

Transaction reporting, best execution, costs and charges are expected to be key enforcement areas. The UK regulator's market reporting team has already sent a number of letters to banks and fund managers

Mifid II won't fix bond mispricing

Mar 13, 2019

Researchers and sellside consultants think the mispricing of public sector bonds is mainly the result of “opaque” OTC markets, not evidence of widespread collusion. The EU's new rules have not changed much

Mifid II: European market wants consolidated tape

Mar 7, 2019

A senior VP at AllianceBernstein, alongside trading venue and regulatory sources, recognise the obstacles, but think the democratisation of data can only be a good thing

Mifid II: transaction reporting consensus begins to emerge

Feb 27, 2019

The directive's reporting frameworks remain problematic, though some best practice consensus has emerged in the last 15 months, according to trading venues, consultants, regulatory experts and fintechs

Initial margin: buyside seeks KYC deadline clarity

Feb 21, 2019

Buyside firms want a concrete answer to custodian cut-off dates to make a case for onboarding budgets and resource planning. Some may be out of pocket by paying the annual custodian fee, yet fall out of scope of UMR

Exchanges weigh in on SIP best execution data debate

Feb 14, 2019

New York-based institutional investors and stock exchanges have differing views on the depth of the data the securities market needs to ensure a competitive playing field. Fund managers say they refuse to work with brokers who only use SIP data, which they view as stale

GDPR: Mifid funds struggling with SEC approvals

Feb 8, 2019

The new data protection rules are making it difficult for firms to comply with Mifid II and do business in the US, according to confused fund managers. While the EU-US Privacy Shield is helpful, it does not cover the particular activities sought by the SEC

STS: issuers look for securitisation alternatives

Feb 5, 2019

ABS structurers are turning to alternative deals that fall outside the Securitisation Regulation’s scope. However, optimistic bankers believe that the regulation will achieve its aims within the second half of 2019



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Brexit Survey Report

Latest report

This landmark Brexit survey reveals how capital market participants are responding to the UK's exit from the EU, as both buy and sellside firms discuss their struggle with internal politics, novations and relocation preparations.