FSB issues collateral reuse warning
The FSB has stressed potential issues of access and leverage which may occur through re-hypothecation of assets and collateral reuse.
Regulation
LSE launches MiFID II smart report router with RegTech firm
TRADEcho's new tool determines when trades should be reported to APAs.
Carney warns of intense regulatory focus for FinTech
Governor of the Bank of England warns as risks emerge from new technologies, authorities will pursue regulatory focus.
Citi and Morgan Stanley fined $6m for ‘misleading’ FX trading programme
CitiFX Alpha trading programme misinformed investors about risk and cots of being a part of the group.
European securities chair calls for foreign CCP rethink
ESMA Chair Steven Maijoor outlined several concerns with the EU's approach to third-country EMIR equivalency.
ESMA takes ‘wait and see’ regulatory approach to blockchain
Senior risk analysis officer at ESMA tells conference blockchain has not reached a point where regulators should step in.
Buy-side remain uncertain of MiFID II’s unbundling obligations
Survey finds 38% of buy-siders are not confident of being ready for 3 January 2018 unbundling deadline.
Canadian OTC clearing mandate set for April
Mandatory clearing of OTC derivatives will come into force in Canada from April this year.
Citi fined $25 million for spoofing US treasury futures
Citi caught spoofing orders in US treasury and swaps markets after CME inquired about suspicious trades.
JP Morgan sued for paying female tech staff less than male equivalents
From 2012, JP Morgan paid 93 female employees less than male employees with the same job role.