Crypto community welcomes US regulator’s stance on Ether
Director of the division of corporate finance at the SEC says sales of Ether are not securities transactions.
Regulation
Steven Maijoor: ESMA to target periodic auctions and SI regime
ESMA chair Steven Maijoor says watchdog is carrying out a ‘fact-finding’ exercise on periodic auctions and highlights competitive advantage for SIs.
Deutsche Bank fined $205 million for multiple FX violations
FX traders at Deutsche Bank were found to have used online chat rooms to coordinate trading activity and manipulate currency prices.
MiFID II LEI grace period to end on 2 July
ESMA confirms there will be no extension to the six-month grace period implemented just two weeks before MiFID II went live on 3 January this year.
BAML slapped a second time with $42 million fine for masking orders
Bank of America Merrill Lynch admits masking millions of orders and will pay $42 million for the second time this year.
UK competition authority probes Fidessa takeover
Investigation by Competition and Markets Authority into ION Investment Group’s acquisition of Fidessa could delay the deal.
JP Morgan fined $65 million for rigging ISDAFIX
Traders at JP Morgan allegedly traded at the 11.00am fixing time to manipulate the USD ISDAFIX interest rate swaps benchmark.
FCA details review of unbundling under MiFID II
The FCA will contact asset managers, investment banks and brokers to evaluate the effects of unbundling under MiFID II.
Citi agrees to $100 million USD Libor manipulation settlement
Citibank allegedly made millions in “unjust gains” from governmental and not-for-profit counterparties by manipulating the USD Libor benchmark.
Buy-side to outsource more compliance functions over next five years, study finds
New report suggests that spending, automation and outsourcing of compliance functions at buy-side firms will increase over the next five years.