All posts tagged "European Commission"
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531EnforcementFive Major Banks Face UK Class Action in FX Rigging Case
The class action, estimated to be worth more than $1.2bn for trades executed in the UK, follows a similar-size fine levied against the banks by the European Commission in May.
July 31, 2019 -
651Australia & NZSingapore, Australia Benchmarks Gain EU Equivalence, CRAs Lose It
The European Commission has adopted equivalThe European Commission has adopted equivalence decisions for Australian and Singapore financial benchmarks, but repealed existing equivalence for credit rating agencies.ence decisions for financial benchmarks administered in Australia and Singapore, but repealed existing equivalence decisions...
July 30, 2019 -
825Asia-PacificNo Time for Complacency Despite Two-Year BMR Reprieve
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.
July 22, 2019 -
723EnforcementSwitzerland Fines Five Global Banks Involved in FX Trading Cartel
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.
June 10, 2019 -
1.1KEnforcement
European Commission Fines Five Banks Involved in FX Trading Cartel
Individual traders at Citigroup, Barclays, RBS, JP Morgan and MUFG exchanged sensitive information and coordinated spot FX trading strategies through online chatrooms.
May 20, 2019 -
1.9KEurope
Japan OTC Derivatives Regime Deemed Equivalent Under EMIR
The European Commission recognises Japan's rules on valuation, dispute resolution and margin exchange for uncleared OTC derivative contracts as equivalent to EMIR.
April 26, 2019 -
843Australia & NZ
ISDA, FIA Respond to Singapore, Australia BMR Equivalence
The associations say a preferred approach would be to recognise Singapore's and Australia's regimes as a whole rather than the current benchmark-by-benchmark approach.
April 19, 2019 -
790Fintech / Regtech
New Global Blockchain Association INATBA Takes Shape
SWIFT, Ripple, Accenture, Barclays, BBVA, Deutsche Börse and R3 are among the 105 founding members of the International Association of Trusted Blockchain Applications.
April 15, 2019 -
951EuropeEU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues
The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.
April 2, 2019 -
1.1KFeatureMAS, CFTC Agree to Mutually Recognise Derivatives Venues
The agreement enables US and Singapore OTC derivatives participants to trade with one another on the same platforms, allowing for more efficient risk management.
March 14, 2019
