Financial Conduct Authority (FCA)
MarketAxess' Dutch Approval Gives Greenlight for EU Expansion
The firm will be authorized to operate its trading and reporting businesses from the Netherlands post-Brexit, enabling it to expand its footprint in the European markets.
Bracing for Data Disruption in a No-Deal Brexit Scenario
In February, UK and EU regulators made announcements expected to shed light on the future of data sharing and alleviate some uncertainty post-Brexit, but industry experts say the latest statements fall short of lifting the real burden on affected firms.
No-Deal Data Pacts Fail to Quell Hard Brexit Fears
UK and EU regulators agree to share data post-Brexit, but trading firms say this doesn’t go far enough.
Isda Seeks Vendor to Publish IBOR Fallback Rate Adjustment Data
The vendor will be responsible for publishing the compound setting in arrears rate and the spread adjustment based on historical data, following the discontinuation of IBORs.
FCA Sets Regulatory Roadmap for Crypto
The introduction of a regulatory framework could revitalize interest in waning ICO funding.
Bloomberg Gets Dutch Approval for ARM and APA
Authorization enables Bloomberg to continue servicing its EU27 client base following Brexit.
Concerns Mount as Trade Repositories Face Brexit Split
Months away from the UK’s departure from the EU, much of the industry is still in the dark over operational requirements post-Brexit, and time is running out.
Tradeweb, Bloomberg Gain Dutch Approval Ahead of Brexit
The green light will enable the firms to continue serving their EU27 clients following Brexit.
DTCC Trade Repository Receives Swiss Green Light
The trade reporting provider will have authorization to serve Switzerland's derivatives market.
Hamilton Trades Derivatives for Digital Currency
Steve Hamilton joins the crypto start-up ahead of its digital securities exchange launch next year.
Lingering Questions Remain over Mifid II
Nearly one year on from the fundamental changes to Europe’s trading rulebook brought about by Mifid II, its overall impact is still unclear. Although experts talk of greater transparency in the markets, it’s had its share of issues, some of which are…
Regis-TR Files for London Trade Repository Ahead of Brexit
The EU-headquartered trade repository is seeking approval from the FCA to continue servicing its UK clients post-Brexit.
Trouble with the Curve
As the industry scrambles to find the next best thing in a post-Libor world, the most viable emerging substitutions are based on actual transaction data, but still fall short.
UK Regulator Deepens Partnership with Sopra Steria
Although there were reported glitches after Mifid II went live with the Market Data Processor (MDP), the FCA signed on for bigger projects with the company that built the platform.
Rimes to Debut New Benchmarks Service
Rimes will be launching a new managed service, called RegFocus BMR Data Feed, to help users adhere to the Benchmarks Regulation.
The Day the Data Stood Still
With the UK preparing to leave the EU in March, regulators have a limited amount of time to figure out how to keep the flow of information going between each other post-Brexit—and the window is closing.
Brexit's Unintended Consequences Could Include Mifid III
Political factors will influence fundamental changes made to EU financial regulation, says lawmaker.
Amid Rising Criticism of ‘Misleading’ PRIIPS, EIONA Promises Amendments
Growing concern from regulators and industry bodies about potential harm to investors could yet force the European Commission to eventually rethink its position on PRIIPS.
November 2018: Bonfire of the Sandwiches
Regulators must reach an agreement on data sharing before Brexit, even if that requires working around EU rules.
UK Regulator Seeks EU Equivalence and Cooperation
FCA chief executive says UK regulator is preparing for a range of Brexit options, and cross-border data sharing between regulators is 'essential.'
Semantics’ Seminal Moment
Data experts testify that right now, the financial services industry is uniquely positioned for semantics breakthroughs that will revolutionize the way data is managed, leading to unprecedented payoffs.
Alt Data’s Ethical Day of Reckoning
With the alternative data industry projected to be worth over $350 million by 2020, it's time to consider whether financial services is on the brink of its own Cambridge Analytica moment or if it is simply time for an alt data ethics evaluation.
Mind Your Language: Surveillance Systems Tackle Conduct Risk
While advanced voice analytics technologies have been around for years, banks have often used them as a blunt instrument, or a regulatory checkbox. Now they are increasingly seeing them as useful tools for managing conduct risk and employee protection…
Northern Trust Announces Outsourced Trading Capability
The product targets asset managers who are seeking lower costs and risk.