ESMA launches first stage of bond CTP selection process
Parties interested in becoming the bond CTP are invited to register and submit requests to participate by 7 February 2025.
Regulation
The TRADE predictions series 2025: A regulatory outlook
Market commentators hailing from Cboe Global Markets, REGnosys, SteelEye, and Berenberg unpack the important roles watchdogs are set to have through 2025 and beyond, including increased remits, the importance of top-down direction, and key changes following recent elections.
The TRADE predictions series 2025: The evolving regulatory landscape
Thought leaders from Instinet, Duco, Cboe Clear Europe, SteelEye, and Euronext unpack the plethora of market structure and regulatory changes expected in 2025 and beyond, touching on T+1, DORA, Emir 3.0 and more.
A look into the centrally cleared future
Wesley Bray explores the latest rule changes for fixed income clearing in the US, what institutions should be most conscious of, how to navigate these changes and what their impact will likely be on competition.
‘Transparency advocate’ Paul Atkins to succeed Gensler as SEC chair
Current chair Gary Gensler is set to officially depart on 20 January 2025.
SEC approves first round-the-clock exchange
24X has received approval – dependent on amendments – to operate as a 24-hour exchange for equities.
SEC approves FICC access models and segregated accounts and margin rule filings
New proposed rules address the Commission’s new requirements for including margin in the broker-dealer reserve formulas, as well as highlighting the similarities between the Agent Clearing Service and other agent clearing models.
ESMA will not recommend overhaul of penalty mechanism for settlement fails under CSDR
Despite a year of consultation on tweaking the mechanism or significantly increasing penalty rates, European watchdog confirms only a ‘moderate’ increase will occur after considering industry feedback.
EU proposes October 2027 for T+1 switch
Migration aligns with the UK’s proposed switch, with ESMA pointing to the efficiency and resiliency benefits of the move.
Gensler alludes to departure from SEC
“It’s been a great honour to serve with [SEC staff], doing the people’s work, and ensuring that our capital markets remain the best in the world,” said Gary Gensler, chair of the US Securities and Exchange commission in a recent speech.