Dual disclosure standards for non-equity securities prospectus removed in UK
The Investor Access to Regulated Bonds (IARB) Working Group has highlighted unanimous support of the removal of the dual disclosure standards in prospectuses for...
BTMU fined for spoofing in Treasury futures
By Flora McFarlane.
On 7 August the Commodity Futures Trading Commission (CTFC) fined The Bank of Tokyo-Mitsubishi UFJ (BTMU) for spoofing, submitting orders that are...
EMMI drops Euribor+ methodology due to low transaction volumes
The European Money Markets Institute (EMMI), a non-profit group established by national banking associations in the European Union, has dropped the Euribor+ methodology, designed to...
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 proposes consolidated bond tape and tightens trading venue perimeter rules
A series of measures to help strengthen the UK’s leading position as a global and vibrant financial centre have been announced by The Financial...
The big changes to watch in fixed income market structure through 2024
Next year will bring new developments in market structure, stemming both from regulatory and political change. The DESK asked Jennifer Keser, head of market...
Major concerns raised about repo
By Flora McFarlane.
Several buy-side practitioners have voiced warnings about the outlook for the ‘broken’ repo market, warning that European regulators needed to address the...
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...
Five dealers select Droit for MiFID II Compliance
By Flora McFarlane.
BNP Paribas, Crédit Agricole CIB, Goldman Sachs, Lloyds and UBS are using Droit Financial Technologies for MiFID II trade compliance infrastructure.
Jo Hannaford,...
EC to review mandatory buy-in rules under CSDR
The European Commission has stated that it will review the mandatory buy-in rules under the Central Securities Depository Regime (CSDR). The comments were made...
