European regulators’ drive for transparency in capital markets has had transformative effects on stock exchanges and trading platforms. From Mifid II’s shift towards lit markets to SFTR’s extensive reporting obligations, the impact on platforms has been profound.
Practice Insight speaks to all the major European venues about how their business models are changing, and the end-users about their new relationship with the platforms. With regulation forcing the creation of so many new types of venue, it’s more important than ever to know how your competitors are making the most of the new environment.
Practice Insight provides invaluable analysis to professionals at trading platforms, helping them to guard against regulatory threats and identify market opportunities.
Our team of analysts covers the above in in three key areas:
|Market conduct rules, investor protection, bail-in, product governance||Market structure, trading transparency, benchmarks||Regulatory effects on disclosures, covenants, redemption, subordination|
|How banks and asset managers are implementing conduct-focused rules, including investor protection under Mifid II’s product governance frameworks and the integrity of Libor.||Explaining the market’s compliance challenges. From the changing nature of market structure under Mifid II, to how firms are grappling with transparency obligations and transaction reports.||Revealing the regulatory effects on disclosures, terms, covenants, redemption and subordination. From how product manufacturers are keeping their Priips KIDs under three pages to changing bail-in clauses.|
About Practice Insight:
Practice Insight is Euromoney Institutional Investor's news service for lawyers, tracking how financial institutions are implementing Europe’s capital markets rules. Regulatory uncertainty now drives everything from liquidity, banks’ capital stacks and transaction reporting to the fundamental structure of the market. But with the scope for interpretation of rules so broad, financial institutions are finding it almost impossible to establish market consensus. Their legal advisors, meanwhile, are struggling to form a clear view on their client base’s current thinking.
Practice Insight has launched to ease this regulatory uncertainty. It provides clarity on how the market is interpreting regulatory actions within Europe’s capital markets. It does this by speaking to those on the inside. Our team of experienced reporters talks to banks, asset managers, exchanges and trading platforms about how they are complying – or failing to comply – with the raft of national, EU and global reforms. No one else in the market does this. Read more
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Practice Insight, a new service from IFLR, tracks regulatory-driven uncertainty in banks, asset managers and trading venues in news analysis and anonymous market-wide surveys.
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