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.

Opinion: the case for multiple post-Libor benchmarks wins the day

Apr 12, 2021

Richard Sandor, CEO of the American Financial Exchange, says the idea that a single rate will replace USD Libor is no longer up for discussion, and that having several rates would benefit everyone

Covid-19 should serve as springboard to complete EU banking union

Apr 28, 2021

Europe’s fragmented banking system is a major impediment to the completion of its capital markets union, but member states’ aversion to risk sharing remains a key blocker

Post-Brexit euro clearing shift should not be forced 

Apr 27, 2021

A number of industry sources have shared their fears over the risks that a mandatory shift of euro clearing activity away from London to the EU would imply

SOFR term rate announcement limits scope of use

Apr 21, 2021

The ARRC's key principles are different to what was originally proposed and come just after the timing of the forward-looking rate was delayed by an unspecified period

UK funds regime will feed into government’s post-Brexit agenda 

Apr 15, 2021

HM Treasury’s proposed new funds regime will hopefully put the UK on the map for fund domiciliation and should fit into the country’s wider financial services strategy

Investment firms prudential regime paves way for FCA’s post-Brexit supervision

Apr 12, 2021

The new regime for UK investment firms is not due until January next year, but sources say it is indicative of the FCA’s willingness to reform its approach to supervision

Brexit highlights need for consolidated tape

Mar 31, 2021

Market participants expect the Mifid II review to mark the beginning of a viable consolidated tape project in the near future

Divergent approaches to Libor tough legacy create litigation risks 

Mar 15, 2021

The UK, EU and US are still adjusting their proposed methodology to tackle tough legacy contracts, but sources say the inherent lack of harmony between regimes could lead to legal conflicts down the line