Law firm Linklaters anticipates the rules could come into force by mid November if the EC accelerates implementation.
Equivalency will ease the capital cost for European banks doing business with US CCPs.
Delays to implementing margin rules for uncleared derivatives could run the risk of fragmentation and regulatory arbitrage.
Markus Ferber has stated London will be less attractive to do business if it does not comply with EU regulation.
The world’s largest fund management group has warned that it expects the UK’s “divorce” from the European Union to be “messy, drawn out and costly”.
Experts warn that Brexit could cause major operational challenges for finance firms.
Filing with US regulators reveals exchange operator considers UK leaving the EU as a risk to its business.
Uncertainty and criticism continues to surround the proposed EU financial transaction tax
With MiFID II now expected to be delayed until 2018, the one thing market participants can be certain of is more uncertainty.