Revised Mifid deadline confirmed as January 2018
Widely expected statement confirms Mifid II is simply too complex to implement in 2017.
Regulation
CME chairman confident on US-EU equivalency agreement
The cut-off date for the ruling is February 21, and if an agreement is not reached by then, the cost for European banks to trade and clear with US clearing houses will sky rocket.
ICE boss Sprecher blasts regulators over Mifid II
Sprecher claims reporting and best execution rules in Mifid II is “balkanising” Europe’s securities markets.
Algo traders added to FCA accountability rules
FCA widens scope of new conduct rules to cover algorithmic trading and client dealing functions.
US DoJ requests details of ICAP-Tullett deal
The review will focus on the governance and shareholding arrangements of the deal.
Morgan Stanley pays $63m to settle US lawsuits
Morgan Stanley has paid out a $62.95 million settlement relating to the sale of residential mortgage backed securities to three banks which failed during the credit crisis.
Credit Suisse and Barclays settle federal dark pool fines worth $150 million
Credit Suisse and Barclays to pay over $150 million in fines over dark pool charges, in largest ever penalty imposed by the SEC.
OTC margin rules will hit the buy-side hardest, says panel
Introduction of new margin rules will be highly detrimental to the buy-side, according to an industry panel.
New boss of the FCA revealed
Interim boss Tracey McDermott will pass on the baton in the coming weeks.
FCA’s Helen Boyd to speak at The Trade Market Abuse Regulation event
FCA policy lead will speak to delegates next month about the implementation of Market Abuse Regulation.