European regulators have made several U-turns in the last few months, in particular around their stance on systematic internalisers and dark trading, that mimic UK proposals.
The European CCP had previously been operating under the UK’s Temporary Recognition Regime following the end of the UK and the EU’s transition period in 2020.
big xyt survey suggests systematic internaliser (SI), continuous and dark trading volumes are all falling at the hands of the off-book negotiated trades segment.
EU member states now have the opportunity to remain silent or vocally oppose the proposals until 2 pm CET today.
Watchdog has concerns that between 2005 and 2016 the banks exchanged commercially sensitive information and coordinated their EEA bonds pricing and trading strategies.
The clearinghouse confirmed the move was to reduce reliance on CCPs outside of the EU in line with regulatory objectives.
The magazine features exclusive interviews, insights, and the official accompanying event agenda for this week’s upcoming event in Amsterdam.
A new paper discusses the pros and cons of a one-day settlement cycle in Europe, a topic the industry seems to be reluctantly accepting is on the horizon.
In a joint risk report, the European Supervisory Authorities provide five policy actions for competent authorities, financial institutions and market participants to deal with ‘deteriorating’ economic outlook.
ESMA risk report found prices dropped 15% peak-to-trough between August last year and May 2022, nearly double that seen during the pandemic.