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