FCA unveils Solvency II accountability rules
The Financial Conduct Authority (FCA), alongside the Prudential Regulation Authority (PRA), has published near final rules confirming how it will apply the new accountability regime…
regulation
AIMA to measure impact of Basel III
The Alternative Investment Management Association (AIMA), and S3 Partners have launched a new survey that explores how Basel III bank capital rules impact money managers…
PRA censures Co-operative Bank for serious risk management and transparency failings
Following an enforcement investigation into the Co-operative Bank Plc (Co-op Bank) the Prudential Regulation Authority (PRA), supported by a team of investigators at the Financial…
New European Commission rules on central clearing for interest rate derivatives
The European Commission has adopted new rules that make it mandatory for certain over-the-counter (OTC) interest rate derivative contracts to be cleared through central counterparties….
82% of financial institutions rely on ‘tactical work arounds’ on regulation
GFT has shared the findings from a global research project aimed at uncovering the attitude of the global investment banking community to ‘The New Normal’…
Massad hails progress but predicts harmonisation will take time
Speaking at the FIA International Derivatives Conference in London, Timothy Massad talked about his surprise a year ago when the US had not been granted…
The cumulative effect of derivatives regulation
FIA Europe has published a review of the cumulative effect of European derivatives law reform, setting out the core issues and offering potential solutions to…
Brokers rank their top concerns for 2015
Futures Commission Merchants (FCMs) have been challenged during the past year by capital constraints and declining margins, creating serious concerns about the future viability of…
Buy-Side Algo Trading volume downticks for first time in five years
Buy-side firms are under a global microscope to ensure they act in the best interests of their clients, according to TABB Group in the first…
European Swaps Market Delays Yielding Benefits to End Users
Now that Europe has begun to implement a much-delayed program of reforms reshaping the landscape for swap market participants, TABB Group in new research, “European…
Record fines of $5.7billion for rigging of foreign exchange
The US department of Justice has announced a law enforcement action against financial institutions that participated in a display of collusion and foreign-exchange rate market…
ESMA Updates its AIFMD QandA
ESMA has updated it’s Q and A for the Alternative Investment Fund Managers Directive. The answers are intended to help AIFMs by providing clarity as…
SEC to undertake full review of equity markets
In a speech on May 11th 2015, Commissioner Luis A. Aguilar of the U.S. Securities and Exchange Commission has spoken of the need to undertake a thorough…
How Basel III and CRD IV are killing the hedge fund model
Basel III and CRD IV are impacting banks’ leverage ratios, capital requirements and consequently all market participants with smaller balance sheets. Tier 2 and 3…
ESMA publishes updated EMIR Q&A – focus on reporting
The European Securities and Markets Authority (ESMA) has issued the 13th update of its Q&A document on the implementation of the European Markets Infrastructure Regulation…
FCA fines Deutsche Bank for £227 million for IBOR failings and for misleading the regulator
The Financial Conduct Authority (FCA) has handed Deutsche Bank AG (Deutsche Bank) a £227 million ($340 million) fine, its largest ever for LIBOR and EURIBOR-related…
Delays in connectivity lead to missed trading opportunities
A study commissioned by Colt shows that almost half (49%) of buy-side and sell-side traders in Europe, US and Asia believe that delays in connecting…
Volcker calls for overhaul of Federal financial regulatory system
The Volcker Alliance, a non-partisan, non-profit organization founded by former Chairman of the Board of the Federal Reserve Paul A. Volcker to address the challenge…
Building Rome in a day: how swapping dealers for SEFs overnight means increased technological risk
By forcing certain swaps trading onto SEFs, Dodd-Frank is asking the swaps market to make overnight changes that took the equities market 20 years. This…
Boat to support industry with MiFID II transparency solution
Boat Services Ltd, independent OTC trade reporting service provider, has announced that it will apply for approved publication arrangement (APA) authorization under MiFID II. …