Financial MarketsRSS

London extends lead as top financial centre

The City of London has extended its lead in financial services despite concerns over the UK’s exit from the EU in March 2019. Justin Pugsley reports.

Giancarlo outlines CFTC’s 2018 goals

Commodity Futures Trading Commission chairman Chris Giancarlo has outlined its priorities for 2018 as the markets regulator gradually comes up to strength in personnel and capabilities. Justin Pugsley reports.

CFTC chair stresses “deference” for cross-border supervision of CCPs

CFTC chairman emphasises jurisdictions paying "deference" to each other’s regulatory regimes for the cross-border supervision of central counterparty clearing houses

EU’s third country CCP oversight insufficient

A European Commission official said EU authorities lack sufficient tools to oversee third-country central counterparty clearing houses operating in the EU

MiFID rules on research charging could cause clash with the US

When MiFID II comes into effect it will provide a very different regime to the way EU and US organisations charge for investment research potentially opening up the prospect of a clash between the two jurisdictions 

Crypto-currency flash crash draws regulatory attention

The boom in crypto-currencies is rapidly drawing greater attention from regulators with the CFTC investigating a flash crash incident in the US involving ether tokens

European Banking Authority reception

STS securitisation still faces hurdles in the fine print to succeed

The EU is making progress with its much-anticipated simple transparent and standardised securitisations framework, but industry sources fear that there is still too much vagueness and uncertainty for it to work effectively. By Justin Pugsley.

Singapore skyline

Asia takes swipe at London's derivatives crown

Asia’s bid for London’s derivatives crown is picking up pace as the UK’s attractiveness comes into question due to tough EU regulation and the country’s departure from the Union. 

Steve Waygood

Green bond definitions steadily tightened to avoid greenwashing

As the green bond movement gains momentum, it is attracting greater attention from regulators, trade associations, corporates and investors with moves to refine and tweak definitions to ensure the sector fulfils its aims 

Wesselin Kruschev

Strict data requirements potentially clash with MiFID II demands

Firms struggling to implement MiFID II in time for it going live on January 2018 will also have to worry about the EU’s strict new data privacy laws that come into force five months later with the potential to create conflicts

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