European Union (EU)
AIC’s Sayers: FCA KIDs Clarification ‘Very Helpful’
The Association of Investment Companies CEO says an FCA statement on Key Information Documents attached to Priips helps, but does not solve, the KIDs’ fundamental problem with overly optimistic projections.
Client Reporting Remains Top Mifid II Implementation Challenge
A November 2017 survey of fund managers found client reporting was their biggest concern in the lead-up to Mifid II, and it remains so in the weeks following the regulation’s entry into force.
FCA Names International Director, Esma Refreshes Board
UK regulator appoints Nausicaa Delfas executive director of international, while Esma replaces two outgoing board members.
Mifid Data Runs Aground with Issues at European Regulators
Glitches and halts mark first few weeks of transparency requirements at systems operated by regulators.
UPDATE: Markets, Regulators Not Yet United on Mifid II
Just over a week into Europe’s new financial regulatory regime, Joanne Faulkner assess the key challenges that still lie ahead as market participants and regulators alike grapple with the data and reporting requirements of Mifid II.
Venues Deny Esma Accusations over Volume Cap Delay
Delays to a key aspect of Mifid II have triggered tensions between market participants and regulators.
Esma Proposes CCP Margin Model Disclosures
European regulator takes step toward forcing clearinghouses to disclose exactly how they calculate risk and collateral requirements for trades.
Tradeweb APA Bug Mires Mifir Reporting
Reporting platform began rejecting trade reports due to mismatched identifiers, banks say.
Waters Wavelength Podcast Episode 103: Mifid II is Now Law; How to Apply for the Women in Data & Tech Awards
Anthony and James take a look back on the week that was in Mifid II and give insights on how best to apply for the Women in Data & Tech Awards.
Metzler AM Taps Visible Alpha for Mifid II Research Compliance
Implementing a new research tracking and valuation workflow based on Visible Alpha's tools will enable the firm to get better results from research relationships, as well as comply with Mifid II.
Vela Adds Virtu to SI Data Hub
The technology provider expands systematic internaliser data hub with addition of data from market-making firm Virtu Financial.
New Dawn in Europe as Mifid II Goes Live
Updated trading rules to have significant impact across all asset classes.
Law & Disorder: US Preps Defense Against Mifid II
As Mifid II's deadline approaches, US firms affected by the rules are still waiting for regulators to resolve crucial conflicts between European and American laws, and are likely to be making adjustments well after the deadline has passed, reports…
Swedish FSA Grants Nasdaq APA License
Nasdaq Nordic now holds APA and ARM licenses for reporting trades on behalf of European investment firms.
The KIDs Are Alright (But the Priips Still Have Issues)
Europe’s Packaged Retail and Insurance-based Investment Products becomes law on January 1, 2018. In-scope market participants racing to meet its significant data and reporting challenges all face the same hurdle: how to calculate implicit costs. Jamie…
API Tech Could Cure Systematic Internalizer Headaches
As the industry navigates new responsibilities surrounding systematic internalizer rules under Mifid II, QuantHouse argues that APIs hold the key to compliance with minimal maintenance. Jamie Hyman reports.
UPDATE: ESMA Grants Six-Month Grace Period for Mifid II LEI Compliance
Banks and trading venues will be given an extra six months to comply with LEI requirements
ESMA Preps for Machine-Readable Financial Reports for 2020
Officials say the new reporting standard will eliminate manual processing and re-keying of data from EU-based issuers' financial reports.
BMR: Anything but a Trivial Undertaking
The Benchmarks Regulation, set to come into force in January next year, has significant consequences for firms that provide, contribution to, and use of a range of benchmarks.
Never Mind the Brexit: UK Treasury Releases Asset Management Plan
British government releases a number of proposals to maintain the strength of the UK’s investment managers after Brexit.
DTCC Debuts ‘Same Day’ LEIs
Issuer anticipates demand for one-day delivery of Legal Entity Identifiers after Mifid II comes into force.
Peeling Back European Regulations in 2018: What to Expect Next Year
Waters runs through the key facts you need to know about Mifid II, GDPR, BMR and Brexit.
Esma: Mifid III Not in the Works
Third phase of regulatory reform is not being actively considered at this point, insists regulator’s chairman.
Thomson Reuters Unveils APA Solution for Mifid II
APA Connectivity is a new solution from Thomson Reuters designed to help firms comply with Mifid II trade reporting requirements.