ESMA to enforce SI tick size regime and intends to address escalating market data costs imposed by exchanges highlighted by market participants.
MiFID II research pricing war has seen price of fixed income research plummet as banks compete against each other.
Cboe Europe, the London Stock Exchange, Nasdaq and Aquis Exchange among voices supporting changes to MiFID II’s SI regime.
ICE Clear Europe and BME Clearing faced minor shortfalls, but overall EU CCPs passed the stress test.
Industry sees first major regulatory hurdle as ESMA cites insufficient data as reason for delay to dark trading requirements.
ESMA has urged national regulators to improve their oversight of default testing procedures for clearing houses.
European regulator issues six-month grace period as it learns firms are unlikely to meet 3 January deadline.
Industry pressure is forcing European regulators to rethink short selling regulations they enforced post-financial crisis, so should we expect a scale back, asks Sarfraz Thind.