The FCA has disputed a peer assessment that its analysis and integration of EMIR data in its supervisory approach is not meeting expectations.
Firms have been urged by the FCA to take reasonable steps to prepare with post-Brexit MiFID and EMIR reporting requirements.
The rates division at Tullett Prebon engaged in improper trading with lax controls and systems in place to monitor broker conduct.
BGC and GFI were accused of ‘flying’ and ‘printing’ fake FX options trades to deceive clients.
Spot FX is currently out of scope of MiFID II and MAR, but ESMA is contemplating bringing the market in scope of the market abuse rules.
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
The SEC has voted to adopt a new framework to modernise rules for ETFs and reduce barriers to entry in the marketplace.
TMC Bonds, recently acquired by ICE, was found to have revealed client trading intentions to potential counterparties on its anonymous trading platform.
Industry review from UK regulator finds positive results since MiFID II implementation with no negative impact to research access for small-to-mid caps.
Asset managers express concerns over additional regulatory reporting burdens in addition to current requirements for MiFID II and AIFMD.