Europe

Market Infrastructure

ESMA Seeks Extension of Intragroup Clearing Exemption

By Garima Chitkara | 16/07/2018

In intragroup transactions involving a third country entity, ESMA is seeking to extend its temporary clearing exemption for derivatives transactions.

Market Infrastructure

Brexit Shifts Regulatory Powers to Continental Europe

By Peter Guy | 16/07/2018

The UK government’s Brexit white paper reveals disappointing support for London’s global role in financial regulations. London could be disintermediated as a financial centre.

Market Infrastructure

Shift from London Financial Centre Gains Pace

By Peter Guy | 12/07/2018

With nine months to go before Britain’s scheduled exit from the EU, the effects of Brexit are largely unknown and will take years to resolve. Yet, banks and asset managers have already begun planning for the relocation of staff and offices as the continent clarifies its financial regulations.

AML / KYC

Non-EU Markets Regulators Seek Formal GDPR Exemptions – Report

By Manesh Samtani | 28/06/2018

New EU data privacy law could put cross-border investigations in jeopardy, leading non-EU regulators including Japan’s FSA and Hong Kong’s SFC to press for formal clarification on application of cross-border information sharing exemptions.

Capital / Liquidity

The Greek Tragedy of Financial Regulation

By Peter Guy | 25/06/2018

The latest Eurozone bailout has effectively sentenced the country to a generation of vassalage, creating a financial serfdom. Weak growth and regulatory shortcomings will only invite the next crisis.

Market Infrastructure

LEI Transition Period For MiFID II To End In July – ESMA

By Garima Chitkara | 21/06/2018

The six month transition period put in place in December 2017 to allow firms to obtain LEIs to comply with MIFID will end on 2 July 2018, as ESMA rules out any extensions in a new statement.

Market Infrastructure

Fund Managers Negative on MiFID II Research Unbundling – Report

By Manesh Samtani | 20/06/2018

New RSRCHXchange survey reveals non-European fund managers negative about unbundling requirements, while recognising positive impact for investors; impact expected to be felt Asia within 2-4 years.

Capital / Liquidity

Eurozone’s Weakest Links Place Bank Regulation Under Threat

By Peter Guy | 04/06/2018

Every banking system at the bottom of the financial pool crosses paths eventually, and in desperate times only a tangled morass of regulations versus sovereign imperatives awaits.

Capital / Liquidity

Japan, China Urge EU Regulators to Relax Foreign D-SIB Rules

By Manesh Samtani | 16/04/2018

Joint letter from Japan, China banking associations say €30bn IPU threshold will make provision of financial services in the EU unsustainable for member banks.