Regulatory RelationsRSS

SEC braces for change of leadership and approach

Hester Peirce, a Republican commissioner at the Securities and Exchange Commission (SEC) paid tribute to the agency’s former chair, Jay Clayton, an independent, praising his handling of market volatility triggered by the Covid-19 pandemic and his style of leadership. 

ISDA calls for better calibration on clearing house margins

Although the International Swaps and Derivatives Association has praised clearing houses for withstanding the extreme pandemic-induced market volatility, it is concerned about the significant increase in initial margin seen last year

Banks shrug off Democrats taking control of the Senate

The winning of two Senate seats from the Republicans in the state of Georgia in a run-off election places the Democratic Party in a potentially stronger position to push through a bigger economic stimulus plan, tax rises and tougher rules on big banks.

CFTC and ESMA enhance co-operation on supervision of large US CCPs

The EU and US have enhanced their co-operation regarding the exchange of information covering certain registered US derivatives clearing organisations, which builds on an agreement signed in 2016.

John Glen

UK faces tough battle for EU equivalence

With Brexit done, UK negotiators are now striving to reclaim some access to EU financial markets: an ambitious goal, according to some, and one in which the benefits may be overstated. 

Heath Tarbet to step down from CFTC following change of administration

Heath Tarbert, chairman of the Commodity Futures Trading Commission is set to leave the post in early 2021, in advance of the incoming administration, which takes over from January 20.

UK strikes deal with Singapore and aims for ambitious digital agreement

The UK government has struck an EU-style trade deal with Singapore, in a bid to “help position the UK as an international hub for services and digital trade”.

Nausicaa Delfas web

UK-US look to regulatory co-operation to boost cross-border financial services

A free trade agreement between the UK and the US looks unlikely any time soon. However, this will not stop the two forging greater regulatory co-operation to boost financial services activity, potentially creating a template for other international agreements. 

Rishi Sunak

UK taking back control of financial services as it targets new markets

As the UK draws to the end of the transition period with the EU, it is setting out its plans for how its financial services will work from 2021. By Justin Pugsley

Joe McHale

Expect 2021 to be a busy year for European regulation

A decade on from the sweeping regulatory reforms, which were launched in response to the financial crisis, the next waves of reform are appearing on the horizon. By Joe McHale, head of European Government and Regulatory Affairs at Bloomberg LLP