Gensler “Just not feeling it”
Gary Gensler, chairman of the US Securities and Exchange Commission (SEC) and self-styled ‘Market Daddy’ has said he will pull back on most of...
Just 23% of buy-side firms confident in preparedness for MiFID II
By Flora McFarlane.
A new report by block-trading specialist Liquidnet says that MiFID II will drive automation in trading, but firms face many complexities and...
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...
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...
Swinburne: Traders should beware of radical change in Europe
Brexit will mean that politics will take precedent over principal, when setting policy in Europe, warned Kay Swinburne MEP, speaking at the Fixed Income...
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...
BoE sets code of conduct for repo and securities lending
A new voluntary Money Markets Code setting out the standards and best practice expected from participants in the deposit, repo and securities lending markets...
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...
MiFID II/MiFIR text approval likely to take “several weeks”
A source close to the trilogue discussions around the Markets in Financial Instruments Directive and Regulation (MiFID II / MiFIR) has said that talks...
People’s Bank of China sets out northbound rules for Swap Connect
The People's Bank of China has issued interim measures to standardise the interest rate swap market between the mainland and Hong Kong, protecting investor...
