Regulation

The ICE Term SONIA Reference Rates (ICE TSRR) can now be used as a benchmark for use in financial instruments as firms look to end their reliance on LIBOR.

The two firms have collaborated since 2019 when IHS Markit selected Cappitech’s platform for its securities financing transactions regulation (SFTR) solution.

SteelEye will act as a replacement for CME Group after the May announcement that it would be shutting down its regulatory reporting services by the end of 2020.

The US watchdog has asked market participants to submit comments on how they would enhance the way the data is collected for FINRA’s TRACE for US Treasury securities.

Following the UK’s exit from the EU ESMA has retracted the registrations of six credit rating agencies and four trade repositories.

The temporary changes made by the UK watchdog were an attempt to prevent the catastrophic disruption of the $50 trillion derivatives market.

The UK sister company within the pan-European trade repository was launched in March 2019 to maintain a continuous reporting service for clients in the UK following Brexit.

The appointment comes as the US bank looks to bolster its internal controls after receiving a series of fines from global regulators over the past year.  

Gaze into The TRADE's crystal ball for insights from market participants on their regulation and market structure predictions for the year ahead.

The EU regulator said that a total of €88 million in fines relating to 339 actions under the market abuse regulation were imposed in 2019, up from €10 million in 2018.