ESMA has called for greater supervision of STORS under MAR, as number of reports from firms surged 130% in 2017.
France’s AMF has imposed a fine on Morgan Stanley for allegedly manipulating bond prices, but the US bank will appeal the decision.
MiFID II failing to improve market data fee conflict with ESMA looking to equities consolidated tape solution
Review of MiFID II finds market data fee issues are not being addressed by the regulation as ESMA recommends real-time consolidated tape for equity instruments.
New data discloses around 15% of UK investment firms have notified FCA of errors or omissions in transaction reporting under MiFID II.
Firms are at risk of fines for MiFID II transaction reporting failures, as almost 70% state they have received no feedback at all from regulators on submissions.
Benchmark administrators could be in-scope of the senior managers regime late next year, as the FCA launches consultation on proposal.
Asset managers have expressed concerns that the CSDR mandatory buy-in regime will impact liquidity and increase costs.
Goldman Sachs was found to have failed to record phone lines of trading and sales desks due to hardware error.
The CFTC found that BGC failed to capture voice trade communications over five years.
ESMA chair Steven Maijoor acknowledged a recent position paper from the German regulator calling for reform to MiFID II in Europe during a keynote address.