Keen to turn itself into a global financial centre, China has opened up parts of its financial markets to foreign institutions. Justin Pugsley reports.
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.
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.
Acting chairman J. Christopher Giancarlo has kicked off reforms of the Commodity Futures Trading Commission with project KISS
Now is a good time to review national market system rules or Reg NMS says a leading financial trade association
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.
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.