The Bank of England’s models are not up to the job of spotting the next financial crisis, according to one senior official.
ICMA expresses concern over European repos and knock-on effects on smaller banks, insurance companies and pension funds.
A senior European Commission official emphasised to AFME conference delegates the EU’s determination to establish a successful capital markets union.
ESMA has asked the European Commission to close a MiFID loophole concerning non-regulated platforms.
Europe will very likely escape a big electoral upset this year, but that doesn’t mean the problem goes away. If populism is left unaddressed it could wreak havoc on Europe and its banks.
MiFID II’s drive to unbundle research costs from brokerage fees means new payment models are emerging. However, lack of clarity about some of the rules and issues with suppliers means optimal solutions probably will not be ready in time for MiFID II’s launch. By Steve Young, managing partner, Citisoft.
In its 2017 supervisory convergence work programme, ESMA is to prioritise the implementation of key regulatory EU texts and the oversight of clearing houses.
Concern is growing that the drawn-out and politicised process of sorting out Italy’s banking crisis could undermine the EU's bank recovery and resolution directive. By Justin Pugsley
The proposed merger of the London Stock Exchange with Deutsche Börse appears to be stumbling amid Brexit concerns and EU competition demands.