FinTech action plan puts forward new rules for crowdfunding and a pan-European label for firms to be licensed across the region.
Tag: European Commission
US-based software firm ConsenSys selected to support new European blockchain expertise hub.
Decision means banks and traders can use US venues to trade derivatives in compliance with MiFID II.
EU has established a €250,000 blockchain study looking at the degree of regulatory intervention the European Commission should take.
Potential loophole within the systematic internaliser regime under MiFID II has been source of controversy for months.
SIs under MiFID II will still be very attractive trading venues for investors even if EU stamps down on networking attempts.
Systematic internaliser regime could be redefined to close potential loophole, although industry experts question whether this will be enough.
A delegated act has been proposed which would redefine the systematic internaliser regime to close networking loophole.
The Governor for the Bank of England warned of higher costs but welcomed the European Commission’s proposal on tighter CCP supervision across the EU.
ESMA could gain authority to declare CCPs of major systemic importance be established in EU to provide services.