SEC fines ten broker-dealers US$289m for recordkeeping violations
Ten sell-side firms have been fined a combined US$289 million by the US Securities and Exchange Commission (SEC) for violating recordkeeping provisions.
The...
PLSA: Absorbed research costs must not impede transparency for investors
By Flora McFarlane.
The majority of large asset managers are opting to absorb research costs rather than pass them onto clients, but investors must investigate...
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Asset managers could avoid tying up collateral under new uncleared margin rules
The majority of asset managers dragged into new uncleared margin requirements over the next two years could avoid tying up capital altogether, but still...
Financial Conduct Authority approves Trax and Tradeweb for MiFID II Reporting
By Flora McFarlane.
The Financial Conduct Authority (FCA) has granted approval to Trax and Tradeweb as Approved Publication Arrangement (APA) for transparency and reporting under...
FCA consulting on bond and derivative markets transparency reforms
The UK’s Financial Conduct Authority (FCA) is consulting on proposals to improve the transparency regime for bond and derivative markets.
The consultation, which is open...
Greenwich Associates: Streaming prices boost buy-side bond liquidity in 2019
By Pia Hecher.
Market intelligence provider Greenwich Associates has announced this year’s market structure trends, reporting that markets will remain volatile and exchanges will become...
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Europe’s pension fund managers face rising margin costs as EU clearing exemption deadline looms
European pension fund managers are facing rising margin costs thanks to the increased cost of financing additional collateral payments just as the EU’s clearing...
Will the EC ban electronic bilateral bond trading?
The broadening definition of ‘multilateral’ is at risk of capturing all trading if traders do not speak out.
The European Securities and Markets Authority (ESMA)...
Research shows increasing demand for voice and e-trading data integration across TCA and surveillance
Demand for integrated trade and communications surveillance among financial institutions has surged by 100% this year following heightened regulatory scrutiny across the financial markets,...
Reviews of MiFID II transparency raise concerns
The European Securities and Markets Authority (ESMA) launched consultations on 3 February 2020 for the regime for non-equity instrument systematic internalisers (SIs), venues that...
