Financial MarketsRSS

Asia struggling to meet EU benchmarks regulation deadline

Asian benchmark administrators are increasingly concerned that EU supervised firms may become cut off from Asian markets as non-EU administrators struggle to register their benchmarks

CFTC threatens EU institutions US market access over CCP oversight

CFTC chair threatens EU with blocking access to US clearing facilities if EU doesn’t relent on some of its proposals for overseeing overseas clearing houses

FX copy

Fast-paced markets test central bank supervisory capabilities

The commoditisation of data and the electronification of financial markets has led to new types of trading, which are increasingly challenging central bank mandates over managing areas such as monetary policy, a BIS report warns. By Dan Barnes

J Christopher Giancarlo

Can the CFTC crack cross-border swaps?

CFTC chairman J Christopher Giancarlo has been on a charm offensive in a bid to win over other regulators towards creating a more level playing field for cross-border swaps regulation. By Farah Khalique

Matt Smith

Could Brexit spell a big rethink of MiFID II?

Much criticism has been hurled at MiFID II over its complexity, which has led to enormous compliance difficulties and some implementation delays. Could Brexit spark a major rethink of the regime? By Matt Smith, CEO at SteelEye.

Juncker

Juncker calls for deeper capital markets as CMU struggles to be born

European Commission president calls for deeper EU capital markets and a greater global role for the euro

John Kernan

Industry worries about SFTR reporting requirements

The second phase of the EU’s rules governing securities lending and repo markets is creating all kinds of headaches for market participants due to highly detailed reporting requirements and remaining loose ends around identifiers

Jonathan Lee

ESMA rejects European Commission’s SFTR proposals

ESMA has rejected all of the European Commission's proposals to make technical amendments on a regulation governing securities and repos lending, leaving the industry concerned that it will create further delays on clarifying identifier standards

Industry associations warn that political momentum vital for CMU success

Ten industry associations come up with seven key indicators for monitoring progress of the development of the capital markets union while warning that political momentum will be needed for the market initiative to succeed

For profit exchanges have acquired monopoly powers – SEC commissioner

An SEC Commissioner calls for a study into the practices of large for profit stock exchanges in the US as he criticises their uncompetitive practices