Former BNP Paribas bond trading head appointed ICMA chairman
Martin Egan has been elected as chairman of ICMA and will replace Spencer Lake.
Regulation
Almost two thirds of firms not confident about meeting MiFID II deadline
New survey also revealed the majority of the industry expects compliance costs to double by 2020.
Industry experts slam ‘arbitrary’ dark trading restrictions
'All-star’ panel at TradeTech agree dark trading rules under MiFID II will negatively impact the market.
MiFID II sparks Virtu’s European expansion with KCG takeover
CEO at Virtu, Doug Cifu, said MiFID II means the buy-side need an execution only agency.
Deutsche Bank fined $156m for Volcker rule and FX breaches
Deutsche Bank to pay a total of $156.6 million for unsafe FX practices and Volcker compliance failures.
US-EU regulators unable to reach consensus over cross-border derivatives rules
The CFTC has extended its exemption from the uncleared margin rules for US firms doing business in Europe.
FCA to review liquidity management policies
Liquidity management highlighted as a focus for the UK regulator this year.
MarketAxess’ Trax closes in on MiFID II ARM approval
Trax will begin testing for transaction reporting under MiFID II with the FCA as of summer this year.
FCA considers regulating blockchain
UK authority outlines concerns with regulating blockchain technology within new consultation paper.
MiFID II – A week of clarifications
ESMA has made several clarifications on MiFID II implementation this week. The TRADE breaks down the key changes that you should be aware of.