Following a similar survey in August, Substantive Research finds the asset management community still largely unprepared for structural changes impacting research from this year.
The conclusion comes as part of a consultation on the scope of a multilateral trading venue launched by the EU watchdog in January last year to level the playing field.
While acknowledging potential benefits of the European Commission’s latest proposals, the associations noted that the changes could make EU firms less competitive and have a negative impact on the derivatives market.
EU watchdog has released an article exploring the use of artificial intelligence and machine learning in the markets, noting traders are utilising technology to minimise impact.
The “robust” plans propose stricter limits on crypto lending, as well as the introduction of a new crypto market abuse regime and tighter rules on the role of financial intermediaries and custodians.
The regulator has started criminal proceedings against five people for conspiracy to commit insider dealing and money laundering between 2019 and 2021.
Financial regulators around the world stepped up their sanctions last year, according to the latest data from SteelEye’s inaugural Fine Tracker, as enforcement actions gain both pace and profile.
European regulators have made several U-turns in the last few months, in particular around their stance on systematic internalisers and dark trading, that mimic UK proposals.
The regulator’s longstanding head of enforcement is set to depart, with her deputy stepping in until a permanent replacement is selected.
SEC’s order finds that from at least 2016 to October 2022, Bloomberg’s paid subscription BVAL service failed to disclose that the valuations for specific fixed-income securities could be based on a single data input.