Regulation
Dutch central bank and regulator call for AML law for crypto assets
But regulations should change to make crypto asset financing easier for small firms – DNB
Bloomberg gets Dutch approval for ARM and APA
Authorisation enables Bloomberg to continue servicing its EU27 client base after Brexit
Investors bemoan Mifid II best-ex failings
Lack of consistency in data provided by trading venues undermines transparency drive
Esma: some digital assets may qualify as Mifid instruments
If this were true, issuers would be obliged to abide by a slew of other EU rules
Lingering questions over Mifid II
Nearly one year on from the fundamental changes to Europe’s trading rulebook brought by Mifid II, its overall impact is still unclear
Hedge fund giants lead fourth wave of IM candidates
BlueCrest, Capula, Citadel, Millennium and Rokos expected to be in scope for next phase of margin rules
As Brexit looms, Mifid transparency faces the chop
EU law and equivalent UK draft threaten to split and undermine trade disclosure rules
Day one of a no-deal Brexit: swaps and chaperones
Banks, platforms and repositories tee up EU entities – and dread the repapering crunch that would follow
Flow Traders commits to FX Global Code
Dutch market-maker recently announced plans to open London office
Fed proposes lighter regulations for large banks
Lael Brainard objects to plans, warning they could leave taxpayers “on the hook”
Deutsche Börse launches reg reporting service
Market participants will be able to detect errors in regulatory reports before submitting them
Libor to become third-country benchmark under no-deal Brexit
UK-based reference rate would need to gain EU approval by end-2019 to avoid “unthinkable” disruption
BayernLB is first Landesbank to commit to FX Code
Munich-based regional bank’s move pushes number of signed-up participants closer to 500 mark
Dealers sour on Mifid’s systematic internaliser label
SI decisions will take account of tougher pre-trade rules, client demand and Brexit
Transparency Task Force creates advisory board
The diverse board will assist the task force in its mission to instigate a cultural shift in financial services
CFTC charges TFS-Icap with fraud
US regulator claims the interdealer broker encouraged fake FX options bids, offers and trades
EU talks on prop firms leave door open for harsher pay rules
Final law could subject many firms to bonus cap, but even those that escape could struggle
Record hires New Change FX for TCA
The specialist currency manager engages independent data and transaction cost analysis provider
Thomson Reuters launches SI reporting service
The solution provides market participants with data, analytics and reporting tools if they qualify as systematic internalisers
GFXC to focus on ‘customised outreach’ to buy side
In its first review, GFXC finds FX Global Code is generally accepted, but more can be done to increase adoption
Scott wins extradition appeal
Stuart Scott wins extradition appeal as the October 2017 verdict is overturned
Record’s Wood-Collins: more disclosures needed
The UK-based currency manager’s chief says some asset managers appear to use only one counterparty for FX trading
LCH and Moscow Exchange sign up to Code
The clearing house and exchange pledge to abide by the FX Global Code’s principles when conducting business
FMSB publishes Ficc standards
The 12 core principles set out in the final standard outline expected conduct during new bond issuances