Are European exchanges allowed to rival size of US markets?
The European Commission (EC) has opened an in-depth investigation into the proposed acquisition of Refinitiv by the London Stock Exchange Group (LSEG) under the...
New SEC Fixed Income Committee to cover liquidity issues this week
By Flora McFarlane.
The Securities and Exchange Commission (SEC)’s Fixed Income Market Structure Advisory Committee, formed in November 2017, will hold its first meeting on...
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...
Asset managers ‘not investment firms’ under MiFID II?
By Flora McFarlane & Dan Barnes.
Several European investment managers have reportedly claimed that they will not be classified as investment firms under the revised...
RTS 28 reports dropped as ESMA deprioritises enforcement
Investment firms in the European Union (EU) will no longer be obliged to publish some best execution reports following amendments to MiFID II, with...
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...
Ancoa post-mortem: Spend was over four times greater than revenue
Ancoa, the troubled market surveillance firm that went into administration on 5 May 2017, had an average monthly spend of £450,000 in 2017, or...
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...
Chinese govies step closer to collateral acceptability
Acceptance of Chinese government bonds as collateral will hinge upon rule changes around defaults. Lynn Strongin Dodds reports.
The use of Chinese government bonds as...
FCA rules out wholesale market data action despite higher price drivers
The UK’s Financial Conduct Authority (FCA) has published the findings of its wholesale data market study – ruling out any “significant intervention” on the...
