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Defining systematic internaliser under MiFID II
21 Sep

Defining systematic internaliser under MiFID II

  • 21st September 2017
  • Yaa Asare

With only 3 months left before the implementation of MiFID II, on 28 August 2017 the European Commission published a delegated regulation which added to the definition of a systematic internaliser.  Under MiFID I, the SI regime was limited to equities transactions but, under MiFID II, it has an increased scope.  A systematic internaliser is an Read More

08 Sep

CRR II/CRD V and Basel III: tackling global regulatory fragmentation

It has been nearly four years since the implementation of CRR/CRD IV which cover prudential rules for banks, building societies and investment firms with the main aim of reducing the likelihood that these financial institutions will become insolvent.  To an extent, this reflects the Basel III rules on capital measurement and capital standards which is Read More

18 Nov

ESMA officially come out for MiFID II delay

  • 18th November 2015
  • Daniel Simpson

Yesterday, ESMA published a note – originally from 2 October – regarding the potential for a delay to MiFID II.  The note is categorical in its support of a delay to the MiFID II framework, and it will only further fuel the flames of those screaming for more time.  Below are some key highlights from Read More

09 Jun

Battle weary? RegDelta is on its way!

  • 9th June 2014
  • RegTechFS

JWG analysis. For the past decade we have been making sense of the changes regulators want to make … and it’s not been easy.  JWG has worked with over 100 financial institutions, dozens of trade associations and regulators in several countries to mirror the detailed compliance requirements specified by the regulatory agenda to help define Read More

20 Dec

Newsflash: ESMA and EC EMIR reporting update

By: Sam Tyfield Just in time for your holiday, December has seen a cascade of reporting work from ESMA and the EU Commission on EMIR. On December 20, 2014, ESMA release an updated Q&A on EMIR.  Specifically on ETD reporting, see towards the bottom of the page at the link here (I have cut and pasted the relevant paragraphs below, Read More

11 Oct

AIFMD delay? Lawyers petition FCA to relent on 22 July 2014 deadline

  • 11th October 2013
  • RegTechFS

On Thursday, 10 October, the City of London Law Society (a trade body for City solicitors) published a letter dated 23 September accusing the FCA of gold-plating (or at least misinterpreting) the AIFMD (Alternative Investment Fund Managers Directive). The dispute surrounds the date by which firms must be AIFMD-compliant.  In its interpretation of the Directive, Read More

05 Feb

EMIR delays: clouds on the EU post-trade agenda

  • 5th February 2013
  • RegTechFS

EMIR technical standards. At the heart of this friction is the ‘flexibility’ of rules for non- financial counterparties (NFCs) and how these will actually apply in practice, an issue we have written about before. formal review will take place, resulting in major setbacks for the EU‘s (and the globe’s) post- trade agenda. The true results Read More

12 Nov

A common roadmap for Europe?

Finally, after months of anticipation, European Commission President José-Manuel Barroso outlined his “decisive deal”: a big picture vision of an ideal, sound roadmap for Europe’s financial future. The EC proposes to create a single supervisory mechanism for banks in the euro area – starting on 1 January 2013. Under the proposals the European Central Bank Read More

12 Nov

Reporting standards: windows becoming dirtier?

Europe’s first Capital Requirements Regulation report is imminent – even through the European Parliament has yet to pass the act. Now regulators need policy alignment to save the industry €24.2 billion. In July, JWG’s new research highlighted that regulatory standards were critical to saving €24.2 billion. After conducting an extensive survey of 80+ people in Read More