Regulation

New data from the Investment Association reveals that 70% of asset managers reduced exposure to Libor in 2019.

ESMA has made several recommendations in its report on the MiFID II review, but a poll from Rosenblatt Securities suggests the buy-side is not quite on the same page as the regulator.

The proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.

MiFID II unbundling and best execution reporting requirements will be scaled back under new recovery package from the European Commission.

Advanced discussions are underway among EU regulators to propose a delay, The TRADE understands, though confirmation of this could still be months away.

UBS Financial Services will pay $10 million to the US Securities and Exchange Commission (SEC) after being accused of wrongfully allocating bonds intended for retail customers to 'flippers'.

The probe into LSEG’s takeover of Refinitiv has been halted by the European Commission while it awaits the delivery of requested data from both institutions.

New digital sandbox from the FCA and City of London Corporation will look to support firms that are key to the recovery from the coronavirus pandemic.

Steven Maijoor has now served the maximum term as chair of ESMA and will step down on 31 March 2021.