European Commission (EC)
Putting a Price on the Future of Sell-Side Research
New regulations and independent rivals mean sell-side firms have a serious issue when it comes to pricing research.
WFIC 2017: Brexit, GDPR May be Bigger Disrupters than MiFID II, Says MEP Swinburne
The importance of data is rising in regulatory circles, Swinburne told WFIC attendees.
The Insecurity of Security
Lingering questions remain over the SEC's handling of its own cybersecurity incident.
Waters Wavelength Podcast Episode 88: CBOE's Bryan Harkins, SEC Hack, Esma Proposal
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.
Esma Gains Sweeping New Powers in Commission Review
MEP Markus Ferber tells Waters that this change “must not mean that the ESAs can do what they want to just because they get more money,” and that the ESG provisions are “a non-starter”.
The Power of Law: Wiener Börse CEO Christoph Boschan
Christoph Boschan on mixing finance with law, Mifid II's flaws, and how Wiener Borse is avoiding a "massive technology trap."
The Post-Trade Reshuffle
The European Commission and the wider industry are turning their eyes to post-trade practices
Power to the People: Will MiFID II Data Disaggregation Deliver on Cost Control Promises?
MiFID II’s data disaggregation requirements aim to reduce data costs by forcing marketplaces to unbundle datasets and sell consumers only the specific data they need. But in reality, this seemingly simple and cost-reducing idea could make buying and…
Dealers Push for Delay of European Derivatives Trading Obligation
Banks and industry associations warn of havoc if current timeline is implemented
Icma Warns on Euro Clearing Relocation
Trade body says any forced move could increase risks and costs for derivatives users
The Bruxellian Job: Europe Targets London Clearinghouses
European regulators landed a body blow against the UK, but not all participants are convinced it will work
Sell Side Forges Ahead with Ambitions for Live Blockchain
John reviews recent announcements from blockchain consortium R3 and the Digital Trade Chain Consortium
FSB: No Systemic Risk from Fintech Now but Counsels Future Vigilance
International regulators say it's too soon for fintech such as blockchain or robo-advisors to pose a threat to financial stability, but warns that caution is still necessary.
IBM Watson, Euro Clearing and Finastra: A Week in Review
John reviews some of last week’s top sell-side stories, including the European Commission’s proposals for new rules on the supervision of non-EU CCPs.
Tech Challenges Loom as Europe Eyes London’s Clearinghouses
New EU rules suggest London-based clearinghouses may be forced to relocate to the eurozone.
‘Smart Data,’ Regulation Drive Buy-Side Content Needs, But Cost Is Main Concern
The need for “smart data” and new analytical tools that deliver trading advantages where other sources of alpha have dried up, along with the reporting and storage requirements of new regulations are placing increased demands on firms’ need to handle…
European Commission Puts €500,000 Into ‘Blockchain Observatory'
The project is designed to provide a further understanding of distributed-ledger technology and its impact on financial services.
Systematic Internalizers: An Ambitious Regulation Caught in the Crossfire
The SI regime has proven to be the most fragile piece of regulation, as its legal loopholes have triggered a series of political events and has been established as the market’s most notorious law.
London Stock Exchange-Deutsche Börse Merger Killed Off by European Commission
European Commission prohibits deal on basis it would create a monopoly for fixed-income clearing in Europe.
The LSE–Deutsche Börse Merger Is Our Very Own Project Zeus
The collapse of the London Stock Exchange and Deustche Börse deal doesn't come as much of a surprise.
London Stock Exchange-Deutsche Börse Merger Suffers Potentially Terminal Setback
LSEG refuses European Commission’s antitrust demand to sell stake in Italian platform MTS, placing proposed merger in jeopardy.
EC Delays New Investment Products Legislation Over Key Info Documents
Regulation postponed after technical standards rejected will now take effect at the same time as MiFID II.
FCA Reveals Users' MiFID 2 Cost Concerns, Outlines Proposed Reporting Platform Fees
FCA meeting minutes show users expressing their concerns about the cost of data, post-MiFID 2, while the FCA outlines the costs of its own MiFID 2 reporting solution.
MAR Triggers Sophisticated Technology
Firms need to adopt new technologies in data surveillance and monitor communications to check for market manipulation intent