European Parliament
EU firms press for faster move to T+1 after smooth US rollout
Following the example set by North America, 70% of attendees at a European hearing on shorter settlement cycles favored a Q4 2027 switch to next-day settlement.
EU lawmakers struggle to find common ground on equities CT
The debate over a consolidated tape for European equities heated up when a second contender for the role of provider emerged during the EU’s trilogue process. But as the bloc’s three legislative bodies try to reach a compromise, commercial interests are…
Hurry up and wait: EU debates potential models for ‘essential’ consolidated tape
As the legislative debate surrounding a future European consolidated tape for equities takes on increased urgency, market participants and interested parties are beginning to weigh in with their visions of a successful tape.
EC drafting proposal for derivatives consolidated tape
Commission official says beta version ready for testing in 2023 will also include equities, bonds and ETFs
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
EU Consolidated Tape: Support Wanes With Lack of Answers
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
The API Economy’s Existential Crisis
Has the so-called ‘API economy’ been over-hyped, or is there value in recalibrating an open API strategy? WatersTechnology examines.
Industry Lukewarm on ‘Quick Fixes’ to PRIIPs Rules
Many fear performance scenarios will remain misleading and expose providers to mis-selling claims.
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.
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.
Crypto Incognito: New Regulation Targets Crypto’s Bad Reputation
KYC data requirements and new legislation aim to move cryptocurrency markets into the mainstream, but are the anonymity and illegal activity tied to digital currencies exaggerated?
Bad Blood: Regulators Lose Patience with Mifid II’s Dirty Data
Problems and bad practices continue to plague Europe's vision of a new transparency regime. An inside look.
APAs Under Pressure as Esma Cracks Down on Data Tangle
Reporting platforms told by regulator to substantially improve quality of publicly reported data.
Esma Probes APAs Amid Mifid Trade Data Issues
Approved Publication Arrangements—a critical component in the new Mifid II European markets regulation—may be falling short of their requirements under the new transparency rules, and have drawn Esma’s attention. By Samuel Wilkes, with additional…
CFTC Commissioners Lash Out at EC Clearing Proposals
The push to expand oversight of US CCPs is “a clear breach” of 2016 equivalence deal, Quintenz says.
ECB Chief Doubles Down on CCP Brexit Debate
Mario Draghi says European authorities must have direct supervision of non-EU CCPs
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.
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.
Mifid's Architect: Esma Chair Steven Maijoor
Europe’s top markets cop talks to Waters about Mifid II and III, Brexit, no-action letters, clearinghouses and the regulator’s future.
GDPR: The Next Big Regulation
While all the talk pertaining to regulation across the capital markets has centered on Mifid II, GDPR has surprised many financial institutions due to the extent of its reach and the data governance challenges is poses. Anthony Malakian talks with…
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.