SEC approves primary market database for US credit
Last week US market regulator the Securities and Exchange Commission (SEC) signed off the development of a single central source of new issue reference...
Volcker repeal plans challenged
Ditching the Volcker Rule would have a limited effect on liquidity, but the enthusiasm for change exists. David Wigan writes.
The Volcker Rule has been...
SEC forms Fixed Income Market Structure Advisory Committee
By Flora McFarlane.
The Securities and Exchange Commission (SEC) has announced the formation and first members of its Fixed Income Market Structure Advisory Committee.
The committee,...
EC: ESMA should run consolidated tape for fixed income
By Flora McFarlane.
An expert group organised by the European Commission to analyse the European corporate bond market has issued recommendations aiming to make issuance...
US unbundling does not impose fiduciary execution rules on dealers
By Flora McFarlane.
US banks are able to unbundle trade execution and research payments without incurring fiduciary responsibility for trade execution. Following a lengthy process...
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Swap market participants begin using DSB
It appears that swap market participants are beginning to use the service in increasing numbers as the Derivatives Service Bureau (DSB) reports a rise in...
US president to oversee financial institution regulation amid deregulation drive
New executive orders signed by US president, Donald Trump, have given him oversight of all US financial regulation, outside of monetary policy, while also...
Sterling dealers recommend SONIA as alternative to LIBOR
The Bank of England’s Working Group on Sterling Risk-Free Reference Rates – a group of major dealers active in sterling interest rate swap markets – has...
FCA warns on permissions needed for MiFID II
By Sobia Hamid.
Firms who need to change their regulatory permissions as a result of MiFID II, in effect from 3 January 2018, are advised...
Municipal mean reversion
Dealers are now committing more capital in the muni market but future tax reforms threaten buy-side demand. Chris Hall reports.
Is the US municipal bond...
