ESMA rebukes FCA for poor handling of derivatives data under EMIR
The FCA has disputed a peer assessment that its analysis and integration of EMIR data in its supervisory approach is not meeting expectations.
Europe
FCA assures ‘pragmatic approach’ to MiFID & EMIR reporting supervision as Brexit looms
Firms have been urged by the FCA to take reasonable steps to prepare with post-Brexit MiFID and EMIR reporting requirements.
Little evidence of closing auctions deteriorating price formation, says AMF
Activity in closing auctions has surged across Europe, but a study from France’s AMF says the concentration of volumes at the end of the day has not affected price formation.
Trading in Nasdaq European ESG future reaches one million contracts
Nasdaq launched its future based on the OMXS30 ESG index in October last year.
Asset managers wary of potential new regulatory reporting regime
Asset managers express concerns over additional regulatory reporting burdens in addition to current requirements for MiFID II and AIFMD.
European Banking Authority director appointed CEO of AFME
Adam Farkas, executive director of EBA, replaces Simon Lewis who has been CEO of AFME since 2010.
Eurex removes fees as incentive for clearing ahead of Brexit
Fees will be removed for market participants migrating derivatives positions to Eurex as part of Brexit preparations.
Eurex Group sees 235,000 ESG futures traded since launch
Eurex Group introduced ESG futures in Europe in February this year, and shortly after rolled the derivatives out in the US.
Dark trading volumes reach highest level under MiFID II
An analysis from TABB Group has found dark trading volumes are the highest since MiFID II was introduced, despite summer slowdown.
R3 to launch new office in Dublin following expansion plans
Dublin will be R3’s second European office and is set to open in 2020 as part of the vendor’s rapid expansion plans.