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.
With equivalence now off the cards, market participants think the UK’s tailored approach will mean making its own rulebook slimmer and more competitive in a bid to offset the loss of investment to Europe
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
Recent changes made to insider list rules and PDMR dealings under the Market Abuse Regulation are the first signs of a difference in approach between the UK and the EU
With the second consultation on the UK’s new Investment Firms Prudential Regime now closed, market participants have just over six months left to prepare for the new rules
Panellists at an FIA event discussed the legitimacy of the euro clearing shift requested by the European Commission, drawing parallels with sovereignty issues raised during the Brexit campaign
As the potential for regulatory divergence grows between the UK and EU, market participants worry that the two separate review processes will create additional complexity
While EU and UK rules have so far remained mostly aligned, sources say this will begin to change very soon and the market should stand ready
The lack of market consensus on a specific risk-free rate means market participants will opt for different alternatives, resulting in a lack of liquidity on TONA
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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