UK and US sign post-Brexit derivatives trading and clearing agreement
Regulators have agreed on measures to provide a “bridge over Brexit” for derivatives trading and clearing in the UK and US.
Regulators have agreed on measures to provide a “bridge over Brexit” for derivatives trading and clearing in the UK and US.
Initial margin could surge by up to 94% for some derivatives portfolios during periods of high volatility, research from OpenGamma finds.
Standard Chartered said the fines relate to violations of US sanctions laws and financial crime control failures in the UK.
CFA Institute report suggests unbundling has not had a positive impact on the industry as budgets decrease, while coverage and quality of research falls.
ESMA prepares for 'no-deal' Brexit with plans to temporarily suspend calculations for vital MiFID II rules including the SI regime, DVCs and bond liquidity.
The latest set of rules introduced by the FCA come in response to its extensive asset management study which raised concerns about fund fees.
ESMA cites bad data but gives no further details on when the regime will be implemented for derivatives, other than it will be in 2020 at the latest.
FX traders at Standard Chartered were found to have used chatrooms to manipulate and coordinate trading activity.
Analytics on average global commissions shows that rates have declined across developed and emerging markets.
With a new wave of initial margin rules on the horizon, BNY Mellon says clients are already more prepared.