ESMA delays systematic internaliser regime for derivatives
SI calculations for derivatives will now be published on 1 February 2019 as ESMA blames incomplete and insufficient data.
Regulation
ESMA warns UK firms planning to relocate over ‘no deal’ Brexit
European regulator warns market participants over authorisation deadline for Brexit relocation.
Citi fined $500,000 for dark pool system failures
Citigroup Global Markets in Asia overlooked a system failure within its dark pool and failed to hand out guidelines to clients.
IHS Markit approved to operate as benchmark administrator
IHS Markit is the latest to gain approval to act as a benchmark administrator under the European Benchmark Regulation.
Credit Suisse fined $77 million for corrupt hiring scheme
Credit Suisse made $46 million in profits winning business by hiring friends and family of Chinese officials.
Study finds 40% of firms at risk of MiFID II fines up to €5 million
Firms at risk of not complying with MiFID II’s Article 16 record keeping requirements, research says.
FCA to experiment with crypto assets in latest regulatory sandbox round
Crypto assets and distributed-ledger technology take centre stage in the fourth round of the FCA’s regulatory sandbox.
MiFID II: Six months in and what’s changed?
The TRADE looks at how the industry has adapted to the new trading environment and the major issues facing market participants following the implementation of MiFID II six months ago.
ESMA denies pension funds extended clearing exemption
Pension funds will have to begin clearing OTC derivatives contracts on 17 August 2018, despite calls for a third extension.
Morgan Stanley fined $3.6 million for misuse of client funds
Morgan Stanley’s wealth management business will pay $3.6 million after one of its advisors stole $7 million from client accounts.