Financial MarketsRSS

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.

Supervisors show flexibility over OTC margin deadline

Supervisors have acted to preserve orderly OTC non-cleared derivatives markets by granting variation margin reprieve for smaller financial firms. By Justin Pugsley.

LSE Deutsche Börse merger stumbling

The proposed merger of the London Stock Exchange with Deutsche Börse appears to be stumbling amid Brexit concerns and EU competition demands.

Jason Waight

MiFID II rollout causes headaches across the market

The deadline to comply with the Markets in Financial Instruments Directive II is fast approaching, leaving market participants in a heightened state of anxiety because much of the framework still needs to be properly clarified. By Justin Pugsley.

European banks retreating from derivatives clearing

Pressured European banks beat a retreat from derivatives clearing and cede to US players.

Daniel Tarullo

Systemic shadow lifts from asset managers

The latest report from the Financial Stability Board has dialed down on the perceived systemic risks posed by asset managers, but is still seeking more data and evidence in a bid to make the industry more robust and to give supervisors more insight.

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