UBS chief suggests expansion of regulation to FinTech
Sergio Emotti has said new entrants in FinTech should not be free from regulation.
Sergio Emotti has said new entrants in FinTech should not be free from regulation.
Uncleared margin rules have caused significant increase in central clearing of FX.
Barclays fined $500,000 for failing to produce confirmations on over a thousand trades.
The UK’s FCA has processed 24 out 69 successful applicants for its sandbox, who will move on to testing soon.
Rules will see OTC liquid derivatives moved to organised venues to increase market transparency.
ISDA members said they encountered problems immediately after implementing swaps margin rules on 1 September.
Associations are seeking ‘transitional arrangement’ to help firms navigate changes post-Brexit.
Investigation found HSBC lacked knowledge on regulatory requirements for position limits.
UK’s FCA urges former chief be banned for destroying a cultural assessment on senior management at Barclays.