Financial MarketsRSS

China opens up part of financial services markets

Keen to turn itself into a global financial centre, China has opened up parts of its financial markets to foreign institutions. Justin Pugsley reports. 

David Murphy

Firms face documentation struggle despite new variation margin deadline

Moving back the deadline by six months to comply with variation margin rules for uncleared derivatives was greeted with a sigh of relief by market participants. Even so, they still face an uphill struggle to get their documentation in order on time.

Andy Hill, ICMA

IOSCO stirs up secondary bond market debate

IOSCO has added fuel to the debate over liquidity in secondary corporate bond markets with its report on the topic. Its conclusions, however, seem to have upset some market participants.  

CFTC's Giancarlo calls for reinterpretation of regulatory mission

Acting chairman J. Christopher Giancarlo has kicked off reforms of the Commodity Futures Trading Commission with project KISS

SIFMA calls for Reg NMS review

Now is a good time to review national market system rules or Reg NMS says a leading financial trade association

European repo market may not be functioning properly

ICMA expresses concern over European repos and knock-on effects on smaller banks, insurance companies and pension funds.

Niall Bohan

Corporate bonds to play big role in creating CMU

A senior European Commission official emphasised to AFME conference delegates the EU’s determination to establish a successful capital markets union. 

ESMA seeks to close MiFID II trading loophole

ESMA has asked the European Commission to close a MiFID loophole concerning non-regulated platforms.

MiFID II: time running out to research unbundling solutions

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.

MiFID, clearing houses among ESMA 2017 priorities

In its 2017 supervisory convergence work programme, ESMA is to prioritise the implementation of key regulatory EU texts and the oversight of clearing houses.

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