EUROPE

Market Infrastructure

No Time for Complacency Despite Two-Year BMR Reprieve

By Gregory Campbell | 21/07/2019

Third country benchmark administrators will need every bit of the additional time granted for BMR compliance to ensure their benchmarks get approved, say PwC’s Gregory Campbell and Daniela Bunea.

Securities / Derivatives

China, UK Seek to Establish Bond Market Connectivity – Report

By Editors | 12/07/2019

Following the success of the Hong Kong Bond Connect and Shanghai-London Stock Connect, China and the UK are exploring the feasibility of a bond connect programme.

Market Infrastructure

BOC Becomes LCH’s First Chinese Clearing Member

By Editors | 21/06/2019

Bank of China now has access to clearing of interest rate derivatives at LCH, and can act as a clearing broker to offer the service to its clients.

Market Infrastructure

CSRC, FCA Officially Launch Shanghai-London Stock Connect

By Editors | 18/06/2019

The Shanghai-London Stock Connect has opened for business, allowing listed companies in Shanghai and London to issue depositary receipts in each other’s markets.

Market Infrastructure

Singapore, UK to Enhance Cooperation on Cyber Security

By Editors | 14/06/2019

Authorities in Singapore and the UK have agreed to enhance cooperation in cyber security, data connectivity, talent development and green finance.

Enforcement

Switzerland Fines Five Global Banks Involved in FX Trading Cartel

By Editors | 10/06/2019

Adding to the European Commission’s $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.

Market Infrastructure

Huatai Confirms Intention to Float London Depositary Receipts

By Editors | 06/06/2019

Huatai Securities reconfirming its intention to list depositary receipts on the LSE signals that the issues that delayed the Shanghai-London Stock Connect may now be resolved.

Crypto / Digital Assets

ISDA CDM Deployed in UK Digital Regulatory Reporting Pilot

By Manesh Samtani | 23/05/2019

The UK initiative  is exploring the use of technology to help firms meet their regulatory reporting requirements and improve the quality of information reported.

Enforcement

European Commission Fines Five Banks Involved in FX Trading Cartel

By Editors | 20/05/2019

Individual traders at Citigroup, Barclays, RBS, JP Morgan and MUFG exchanged sensitive information and coordinated spot FX trading strategies through online chatrooms.