Regulation Archive

Planned revisions to MiFID must guarantee that financial markets serve the real economy, said Markus Ferber MEP, who will play a key role in guiding the legislation through the European Parliament as rapporteur for its Economic and Monetary Affairs committee. read more>

The European Parliament’s Economic and Monetary Affairs committee, which began its leg of the MiFID review with a stakeholder meeting last week, is likely to reignite the debate surrounding the new category of venue designed to capture broker crossing networks. read more>

The European Commission has confirmed that another trialogue meeting has been scheduled to iron out remaining differences over the European market infrastructure regulation, raising hopes that a deal could be thrashed out before the end of the year. read more>

The Securities Industry and Financial Markets Association, a US-based sell-side trade body, is seeking to address public and regulatory concerns over high-frequency trading, while branding any attempts to ban the activity as “misguided”. read more>

The world’s financial watchdogs seem to be taking a leaf out of the software developer’s handbook. While in the smartphone business, there seems to be an app for everything, in the banking business, there’s a regulation for everything. And 2011 has seen a proliferation like little we’ve witnessed before. read more>

On both sides of the Atlantic, many capital-constrained swap dealers are balking at the expense of implementing new G20-endorsed rules for the clearing and on-exchange trading of derivatives, while doubting the benefits proposed by regulators. read more>

Proposals designed to prevent algorithmic and high-frequency traders from abruptly withdrawing liquidity from Europe’s securities markets will remain a core plank of the European Commission’s MiFID review despite widespread industry criticism, according to Valérie Ledure, senior policy officer for securities markets at the EC’s Directorate-General of Internal Market and Services. read more>

The Brazilian government has repealed a tax placed on foreign investors trading equities, in a move which domestic exchange BM&F Bovespa believes is sure to stimulate trading activity in the country. read more>

Canadian regulator the Canadian Securities Administrators (CSA) has proposed conducting comprehensive surveillance and monitoring of OTC derivatives, obtaining the authority to enact robust market conduct rules for OTC derivatives and take enforcement action against any potential misconduct. read more>

The European Commission today sought to clarify MiFID II proposals on allowing banks’ proprietary trading flow into their dark trading venues and also asserted that contentious rules on electronic trading and market making could be re-assessed. read more>