European Securities and Markets Authority (Esma)

Broker Commissions: The Great Unbundling Bungle

Handling sell-side research and commissions has typically been a mundane and relatively simple function for investment managers. But regulatory authorities in Europe are about to turn the process upside down with a little-known but potentially impactful…

Esma Consults on NDF Clearing

The European Securities and Markets Authority (Esma) has opened a consultation on the clearing of foreign-exchange (FX) non-deliverable forwards (NDFs).

Industry Split on Impact of ESMA Data Plan

Industry participants and experts seem divided over the likely outcome of European regulator the European Securities and Markets Association’s consultation process as well as over the impact of the provisions on end-users and data providers, after ESMA…

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