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...
MiFIR and MiFID II: Council adopts rules to support market data transparency
The Council of the European Union has adopted changes to the EU’s trading rules concerning the Markets in Financial Instruments Regulation (MiFIR) and the Markets in Financial Instruments...
Dark trading limits to apply from March after reporting failures
*Update* The European Securities and Markets Authority (ESMA) will only apply the double volume cap (DVC) mechanism for trading European equities from March 2018,...
Bank of England maintains stock levels of government and corporate bonds
By Flora McFarlane.
The Bank of England’s Monetary Policy Committee (MPC) has voted to maintain the stock of government bond purchases at £435 billion and...
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...
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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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...
The new normal: Top 2024 market structure trends
A new report from Coalition Greenwich outlines the trends set to define markets in 2024, with insights gleaned from clients and ongoing research.
Dan Connell,...
Chatham Asset Management fined for improper bond trading
The Securities and Exchange Commission (SEC) has charged New Jersey-based Chatham Asset Management and its founder, Anthony Melchiorre, in connection with improper trading of...
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...
