Europe

The acquisition of Borsa Italiana by Euronext is dependent on the LSEG gaining approval from European authorities for its blockbuster takeover of Refinitiv.  

A study from Market Structure Partners carried out for the European Commission has recommended the EU moves forward with plans to form a consolidated tape.

In the last quarter alone, 400 job relocations were announced while 24 financial services firms declared they were transferring their assets out of the UK.

Three UK clearing houses will be recognised as third country CCPs under EMIR while the European Commission’s temporary equivalence decision is in place.

Further analysis is required once the review of the FX Global Code of Conduct is finalised before spot FX is included under the market abuse rules, ESMA has said.  

After confirming plans to adopt a time-limited equivalence decision in July, the European Commission has said equivalence for UK CCPs will now end in mid-2022.

Fears of a second wave of coronavirus infection in Europe has forced the markets regulator to renew tighter reporting on short selling activities. 

Following increased market volatility earlier this year, statistics from big xyt have shown August ADVT sank below €40 billion for the first time in more than two years.

The European regulatory watchdog has seemingly countered claims that unbundling has harmed research coverage and quality.  

The Worldwide Business Research event originally due to take place in Paris will be available virtually on the 20 and 21 October.