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David Nowell

Issues remain one year on from MiFIR transaction reporting going live

Getting ready for MiFIR transaction reporting was a truly Herculean task, but for the most part the industry succeeded. However, there are still numerous issues that need tackling, and regulators are becoming impatient. By David Nowell, senior regulatory reporting specialist at Kaizen Reporting.

Piers Haben

Europe forced to rethink conduct regimes following Danske Bank scandal

A spate of money laundering scandals is forcing EU regulators to rethink the way they regulate and monitor financial institutions’ activities around ‘dirty’ money

Hundreds of firms at risk of non-compliance over CSDR requirements

A regulatory consultancy has found that most firms conducting internalised securities transactions covered by CSDR are unaware that its reporting requirements apply to them.

ECB places Italy’s Banca Carige into temporary administration

ECB places small Italian bank into temporary administration after it fails to gain shareholder support for a recapitalisation.

EU to significantly toughen oversight of investment firms

The European Council has decided that larger investment firms will be subject to greater regulatory requirements while those based in third countries and operating in the EU will see more intrusive oversight from the Union

Open banking rules hand edge to tech giants over banks

The EU’s Open Banking regime has handed an advantage to the big tech firms seeking to enter the financial services market, according to a survey published by digital bank, Pepper

ESAs looking at appropriate steps for promoting common EU approach towards fintech

The rapid growth in initiatives across the EU designed to foster fintech has prompted the three European Supervisory Authorities to release a paper on best practices and also to signal that they are considering coming up with a common EU approach to the sector

European Commission endorses RTSs relating to SFTR

The European Commission has signed off on the regulatory technical standards relating to the rolling out of the second part of SFTR

£800bn leaves UK as regulators and industry brace for no deal Brexit

UK is estimated to have lost £800bn in capital as financial firms position for Brexit while the FCA announces further measures to mitigate against a no deal scenario

Isabelle Vaillant

Breakthrough on stalled EU banking package

November 2018 saw some important movement among EU law-makers on the banking package, which should help pave the way for the block's long delayed banking union. By Farah Khalique.