Europe

Securities / Derivatives

NZX, EEX to Jointly Pursue Carbon Market Opportunities

By Editors | 12/12/2019

NZX believes that the transparency and security of a regulated market like the European Energy Exchange will add value to the existing carbon market in New Zealand.

Market Infrastructure

Data Privacy in Asia Pacific: A Fragmented Landscape

By Sarah Pearce | 10/12/2019

Asia’s data privacy frameworks remain highly fragmented. But companies cannot be complacent about more onerous laws in other jurisdictions, says Sarah Pearce at international law firm Paul Hastings.

Market Infrastructure

ESMA Recognises India’s MCX Clearing Corp as Third Country CCP

By Editors | 09/12/2019

The recognition allows European participants to apply lower risk weights on their exposures to MCX CCL, which will translate to lower capital requirements.

Market Infrastructure

MiFID II Has Not Delivered Lower Market Data Costs: ESMA

By Editors | 09/12/2019

ESMA is calling for a real-time consolidated tape for equity instruments to improve transparency and remedy the fragmentation in European capital markets.

Enforcement

UK Regulator Penalises Citigroup for Reporting Failures

By Editors | 28/11/2019

Citi’s UK failings led to “significant errors” in the firms’ returns, preventing the Prudential Regulation Authority from obtaining an accurate picture of its capital or liquidity position.

Market Infrastructure

CEINEX Prepares to Launch Shanghai-Deutsche Stock Connect

By Editors | 21/11/2019

Under the plan, German companies will issue CDRs on the SSE, and Chinese companies will issue GDRs on the Frankfurt Stock Exchange.

Market Infrastructure

Singapore Deepens Cooperation with French, Canadian Regulators

By Garima Chitkara | 13/11/2019

French central bank establishes first Asian office in Singapore to enhance financial market cooperation; Canadian securities authorities pledge information exchange and fintech access.

Market Infrastructure

Regulatory Data: Arrows for the Quiver?

By Hannah Cassidy | 25/10/2019

Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.

Market Infrastructure

ASIC, ESMA Sign MOU to Cooperate on Benchmarks

By Editors | 22/10/2019

The MoU sets out cooperation arrangements to complement the EU’s July equivalence decision, as well as to ensure effective information exchange and supervisory coordination.