Credit Suisse fined $9 million by FINRA for several operational failures
The firm has been fined for failing to protect customers’ securities as well as for inaccurately disclosing conflicts of interest.
Regulation
Industry associations give conditional approval for UK regulator’s sustainability disclosures proposals
ISDA and the IIGCC have suggested the regulator reconsider labels used for sustainable products, including fewer binary distinctions, and taking a principles-based approach.
Bloomberg launches broker-dealer quotation transparency product for fixed income
New data license product aims to help market participants meet revised requirements resulting from the amendments to SEC Rule 15c2-11.
FCA to launch investigation into data competition concerns
Two-pronged investigation will explore data access and fees, with a focus on whether limited competition in trading data is pushing up costs.
ESMA publishes appropriateness and execution-only MiFID II guidelines
The final guidelines follow a public consultation with participants and aim to enhance clarity and foster convergence in the industry’s approach to investor protection under MiFID II.
ICE launches broker-dealer quotation transparency service for fixed income
The new service is aimed at helping participants meet new requirements resulting from recent amendments to the Securities and Exchange Commission (SEC) rules.
Dark trading: navigating a post-Brexit divergent world
Following the European Commission’s recent changes to the MiFID II regulation, Annabel Smith takes a look at the UK and Europe’s opposing approaches to dark trading and market transparency post-Brexit and the potential for a fragmented liquidity landscape.
BaFin imposes administrative fine on Deutsche Bank
Authority claims temporary breach of controls on index data.
ESMA requests market feedback on the use of blockchain for trading and settlement
The move comes as part of a wider pilot regime for market infrastructures based on distributed ledger technology (DLT).
The TRADE predictions series 2022: ESG and sustainability
With the first trading focused sustainability initiative preparing to launch and swathes of regulation and data focused initiatives being brought to market, these individuals see sustainability at the heart of market discussion next year.