Financial MarketsRSS

Asia-Pacific derivatives activity continues strong growth

Data pulled together by ISDA shows derivatives trading continues to grow strongly across the Asia-Pacific region. Justin Pugsley reports.

ESMA issues advice around ICOs

ESMA warns industry and investors over the importance of being compliant with existing regulation when engaging in ICOs. Justin Pugsley reports.

FCA widens interpretation on paying for research

The FCA potentially widens scope as to what can be interpreted as inducements to trade under MiFID II. Justin Pugsley reports.

Jonathan Rogers web

Concerns grow over transition to new interest rate benchmarks

The regulatory push to shift the financial system into using new interest rate benchmarks is triggering growing concern over how that will impact a raft of legacy products that contain no provisions for a benchmark switch. By Justin Pugsley 

Data concerns as industry looks MiFID II-ready

Though financial firms mostly seem to have IT systems and processes in place to comply with MiFID II from January 3 2018, there is some concern over the quality of the data that will get reported. By Justin Pugsley.

David Puth web

CLS aims to enhance currency market infrastructure

Foreign exchange settlements firm CLS Group is launching several products aimed at bringing greater speed, efficiency and clarity to the world’s largest market, which is currently fragmented and opaque. By Justin Pugsley. 

WFE laments policy incoherence and proposes remedies

The World Federation of Exchanges is calling for greater harmonisation of the way individual jurisdictions implement and apply G20-inspired rules. Justin Pugsley reports.

Banks commit to Libor until 2021 and to developing an alternative

The 20 banks contributing to Libor have agreed to continue until 2021 while supporting efforts to develop an alternative, says the FCA. Justin Pugsley reports.

ESMA aims to iron out repository reporting inconsistencies

ESMA has found inconsistencies in the way repositories report derivatives activity in Europe and is set to issue new guidelines on the matter in the first half of 2018, writes Justin Pugsley.

Row brewing over soaring US exchange data fees

US stock exchanges could find themselves in hot water over rocketing data feed costs due to an investor backlash and growing regulatory interest in the issue. By Justin Pugsley.

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