Fireside Friday with… FlexTrade’s Andy Mahoney
The TRADE catches up with FlexTrade’s managing director, Andy Mahoney, to discuss upcoming regulations, developments within the EMS space and steps being taken to improve efficiency.
Regulation
FCA extends US dollar Libor to 2024 on synthetic basis
The regulator confirms plans to publish synthetic one, three and six-month US dollar Libor rates until September 2024, while sterling Libor will continue until March 2024, extending the original deadlines to assist with cash contract transitions.
Goldman Sachs Asset Management hit with $4m SEC penalty over ESG violations
The bank has been accused of “policies and procedures failures” involved with multiple funds marketed as ESG investments, as the industry struggles to manage rising ESG research and compliance costs.
‘We’re missing the bigger picture’: Industry experts call for urgent regulatory reform
In a recent panel, experts from across the industry urged the importance of regulatory reform, specifically around Mifid II and the Capital Markets Union (CMU), warning that we are in danger of “missing the wood for the trees” due to an over-emphasis on detail.
Wild West in action: FTX’s fall from grace
Events surrounding the demise of the exchange have rocked the digital assets markets, triggering $6 billion of withdrawals in three days and forcing Bitcoin to a two-year low.
G20 OTC derivatives reforms stall in filling remaining gaps
The latest report from the Financial Stability Board finds although overall implementation is “well advanced”, annual progress remains incremental when it comes to completing the final steps.
ESMA will not publish SI and liquidity calculations for bonds this November
Due to data quality issues, ESMA intends to publish calculations in February next year, covering data from 1 October to 31 December 2022.
Deloitte and AccessFintech collaborate to aid with CAT regulation compliance
Ahead of the Consolidated Audit Trail regulation’s December 2022 deadline, the two firms have collaborated to integrate AccessFintech’s error resolution tool into clients’ infrastructure.
Fireside Friday…with Barclays’ Matt Coupe
The TRADE sits down with director of cross asset market structure at Barclays, Matt Coupe, to explore the areas of market structure that overlap across asset classes and how this could be developed further.
The looming threat of mandatory buy-ins could soon disappear in Europe after new proposal
The European Parliament proposes dispensing of mandatory buy-ins altogether, while entry into the Official Journal of the European Union stops rule from coming into force until November 2025.