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Regulation
European Regulators Focus on Automated Trading Ahead of MiFID II
2015-03-19T13:03:46.000+02:00
The majority of EU regulators have integrated the European Securities and Markets Authority guidelines into their supervisory methods and increased their level of supervision over automated trading activity.
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Technology
NDFs Given Relief under ESMA’s Clearing Consultation
2015-02-04T22:33:44.000+02:00
Non-Deliverable Forwards will not require mandatory clearing as EU regulators provide feedback on ESMA's consultation published last year. The 28-member region will not take action on the currency derivative.
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Brokers
European Regulator Invites Consultations on MiFID II Implementation
2014-12-19T16:43:50.000+02:00
The European Securities and Markets Authority has announced that it is launching a consultation period on the implementation of Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
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Exchanges
ESMA Grants Trade Repository Access to Australian Financial Regulator
2014-12-05T11:30:37.000+02:00
The European Securities and Markets Authority signed two Memorandum of Understanding agreements which are enhancing cross-border cooperation with Australian authorities on trade repositories and CCPs.
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Expert Insights
ESMA Latest Consultation Paper on EMIR
2014-12-03T02:01:54.000+02:00
As per market participants’ feedback there is struggle amongst reporting counterparties with the major issues.
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Expert Insights
Does ESMA Have Jurisdiction in the US or is That Strictly Dodd-Frank?
2014-11-18T13:23:29.000+02:00
EMIR doesn’t have many extraterritorial demands when it comes to reporting aspects.
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Regulation
ESMA Convenes on Revamped Trade Repository Reporting Standards
2014-11-10T20:14:46.000+02:00
The European Securities and Markets Authority (ESMA) has published its latest consultation paper on the revision of its Regulatory Technical Standards (RTS) in relation to EMIR.
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Analysis
Italian CONSOB Introduces Emergency Short Selling Ban Following ECB Stress Tests
2014-10-27T21:44:09.000+02:00
Italian FTSE MIB Index lost 2.4% after the ECB’s new stress testing methodology revealed that Italian banks Banca Monte dei Paschi di Siena & Banca Carige faced a combined shortfall of about $2.9 billion.
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Analysis
b-next Offering Market Surveillance Tool to Bridge Existing Gap at Tier 1 Banks
2014-10-24T04:37:00.000+02:00
Over the past few years, market rigging revelations have confirmed significant global benchmark manipulation in all asset classes. b-next aims to fill the compliance gap at banks scrambling to adjust to ESMA and Mifid II guidelines due in 2017.
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Analysis
Canadian Regulators Approve Trade Repositories, CME Group Provides Exclusive Insight
2014-09-24T23:31:50.000+02:00
For the first time, the company has implemented the FpML (Financial products Markup Language) open source XML standard for electronic dealing and processing of OTC derivatives, resulting in lower integration costs.
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Victor Golovtchenko
Brokers
European Commission Delays Unilateral Spot FX Definition to 2017
2014-08-04T19:37:15.000+02:00
A missing EU wide universal FX Spot transactions definition makes the EMIR implementation process a great example of the scale of European Bureaucracy and the lack of consensus (not only) about financial regulation.
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Expert Insights
EMIR Q and A – Necessity Or Tool For Clarification?
2014-07-28T02:37:51.000+02:00
Legislation would be even more verbose if it needed to include all of the practical advice, which firms need.
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Expert Insights
June EMIR Q and A – Too Little Too Late?
2014-07-08T05:00:20.000+02:00
In June, a further ESMA Q and A update was published and unlike the May update.
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News
European Banking Authority Outlines Potential Regulatory Regime for Digital Currencies
2014-07-04T17:44:58.000+02:00
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Brokers
ESMA Spells out Revised Regulation, Vows Retail Investor Protection
2014-07-02T18:57:25.000+02:00
The European Securities and Markets Authority has released a guide to MiFID II for retail investors highlighting important changes to the law such as giving new powers for regulators to ban products.
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Expert Insights
A Closer Look At The Recent EMIR Q and A
2014-06-17T07:05:58.000+02:00
The biggest surprise in the May Q&A was that it contained absolutely no changes to the Trade Reporting section.
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Expert Insights
Binary Options: The Path Towards Regulatory Status
2014-06-05T00:38:03.000+02:00
The biggest challenge for binary options firms gaining regulatory status is knowing the region and market you would like to target.
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Alex Beliakov
Expert Insights
EMIR Mark to Market – August A Game Changer?
2014-05-13T07:04:08.000+02:00
The EMIR exposure reporting due to commence in August 2014 holds no terrors at first glance.
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Regulation
Last Call Today for Comments on European Commission's FX Instruments Consultation
2014-05-09T12:52:01.000+02:00
The applicability of EMIR reporting for certain FX instruments revealed inconsistency of local definitions, and resulted in needed clarification, a 30 day public comment period was given, and comes to an end today.
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Steven Hatzakis
Regulation
ASIC Mandate Necessitates DTCC Extension of Trade Reporting Service
2014-04-29T15:29:33.000+02:00
The Depository Trust & Clearing Corporation (DTCC) has launched an extended Global Trade Repository (GTR) service to market participants for OTC derivatives, with provisions for further asset-class expansion.
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Regulation
Sneak Peek of QIR1 Article on EMIR: Centralized Reporting Hits Europe
2014-04-26T10:00:30.000+02:00
The largest regulatory development in Europe during the first quarter was the onslaught of reporting that commenced under EMIR, however the lack of consensus on the definition of Foreign Exchange has caused a stir.
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Steven Hatzakis
Expert Insights
Gold Is Not A Currency – How To Report Your Non-FX Trades
2014-04-21T07:11:26.000+02:00
Gold Is Not A Currency FX brokers have long since started to offer non-currency-related products on their platforms.
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Regulation
EMIR News: European Commission Asks FX Related Companies for Input
2014-04-14T16:55:25.000+02:00
All firms which are active in the trading of FX spot and derivative contracts are invited by the EC to submit their input about where should the boundary between an FX financial instrument and a spot FX contract be.
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Victor Golovtchenko
Expert Insights
EMIR Reporting And The Trouble With MT4
2014-04-14T08:33:04.000+02:00
For all of the improvements made in MetaTrader 5 and introduced by proprietary trading platforms, MT4 refuses to lie down and die.
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Regulation
ESMA Makes Public Its Trade Repository Supervision Plan For 2014
2014-04-03T23:46:18.000+02:00
The ESMA has outlined the main challenges surrounding the Trade Repositories entities that are playing a key role in the implementation of EMIR reporting of OTC derivatives data, how will it address them remains key.
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