The Bank of England has tightened regulations for foreign banks offering retail services to UK consumers, forcing many overseas lenders to inject more capital into their UK subsidiaries.
The World Federation of Exchanges has written to the European Commission urging it and other regulators to expedite EMIR equivalence determinations for ‘third country central counterparties’.
Regulator publishes consultation paper on the remaining draft implementing technical standards under MiFID II on which it has not yet consulted.
Barriers created by extensive regulatory reforms have forced foreign managers to change their EU marketing plans.
For non-EU funds marketing into Europe, the AIFMD is a full of potential pitfalls. Managers must get to grips with the complexities of reporting and conquer the confusion that still reigns.
Clearing houses in Australia, Hong Kong, Japan, and Singapore have received a go-ahead from the European Commission to clear standardised OTC derivatives for EU-based banks and other market participants as part of reforms in the global derivatives market.
Most Asia-Pacific companies which trade securities on European platforms were not prepared for a shorter settlement cycle that took effect in Europe on October 6, a study showed.
The European Union agreed to an overhaul of securities markets following more than two years of complex negotiations.
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