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ESMA agrees no-deal Brexit MoUs with the Bank of England for recognition of UK CCPs and the UK CSD
ESMA agreed MoUs with the Bank of England for the recognition of CCPs and of CSDs established in the UK, that would take effect should the UK leave the EU without a withdrawal agreement, the no-deal Brexit scenario. View Article |
ESMA and EU securities regulators agree no-deal Brexit MoUs with FCA
ESMA and European securities regulators have agreed Memoranda of Understanding with the Financial Conduct Authority of the United Kingdom. View Article |
ESMA clarifies the reporting and handling of derivatives data in case of no-deal Brexit
ESMA issued a public statement on how derivatives data reported under EMIR, should be handled in the event of the UK leaving the EU without a withdrawal agreement, the no-deal Brexit scenario. View Article |
ESMA Q&As clarify prospectus and transparency rules in case of no-deal Brexit
ESMA issued three Questions and Answers regarding the Prospectus Directive and the Transparency Directive. View Article |
ESMA sets out use of UK data in ESMA databases under a no-deal Brexit
ESMA published a statement on the use of UK data in ESMA databases and the performance of MiFID II calculations under a no-deal Brexit. View Article |
ICMA publishes briefing note on ESMA statement on the use of UK data in ESMA databases and performance of MiFID II calculations
ESMA published a statement on the use of UK data in ESMA databases and the performance of MiFID II calculations under a no-deal Brexit. View Article |
FCA approach to MiFID transparency calculations
FCA welcomes the statement published by ESMA on the use of UK data in ESMA databases and the performance of MiFID II calculations in the EU27 if the UK leaves the EU without a withdrawal agreement (a no-deal scenario). View Article |
MiFID II: ESMA publishes data for the systematic internaliser calculations for equity, equity-like instruments and bonds
ESMA published data for the systematic internaliser calculations for equity, equity-like instruments and bonds under the Markets in Financial Instruments Directive and Regulation. View Article |
MiFID II: ESMA makes new bond liquidity data available
ESMA made available new data for bonds subject to the pre- and post-trade requirements of the Markets in Financial Instruments Directive and Regulation through its data register. View Article |
ESMA updates Q&A on MiFIR data reporting
The purpose of this document is to promote common supervisory approaches and practices in the application of MiFIR. View Article |
ESMA updates its Q&As on MiFID II and MIFIR market structure and transparency topics
The purpose of these Q&As is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR. View Article |
CEPS: MiFID II is working
Karel Lannoo, General Manager of ECMI, writes that one year on, MiFID II is working and firms have adapted to the burdensome new set of rules. View Article |
European Commission: Simpler EU rules for derivatives will reduce costs and regulatory burdens for market participants
The Commission welcomes the political agreement reached by the European Parliament and EU Member States on the targeted reform of the European Market Infrastructure Regulation. View Article |
ESMA updates Q&A on EMIR data reporting
The purpose of this document is to promote common supervisory approaches and practices in the application of EMIR. View Article |
ESMA issues statement to address upcoming EMIR Refit implementation issues
The European Securities and Markets Authority published a statement addressing EMIR Refit implementation. View Article |
European Council: Capital markets union: deal on updated rules for financial derivative products and clearing
EU institutions are simplifying rules applying to non-financial counterparties, small financial counterparties and pension funds using financial derivative products. View Article |
FIA-IIF-ISDA response to FSB CCP Equity DP
The associations believe that loss allocation and recapitalization need to be looked at separately and that whoever provides this capital should either receive equity in the CCP or the proceeds from any sale. View Article |
ESMA publishes Opinion and Q&A on disclosure technical standards under the Securitisation Regulation
ESMA published an Opinion containing a revised set of draft regulatory and implementing technical standards under the Securitisation Regulation, which concern the details of a securitisation to be published by the originator, sponsor and Securitisation Special Purpose Entity. View Article |
ESMA publishes supervisory briefing on the supervision of non-EU branches of EU firms
The supervisory briefing has been designed to assist national competent authorities (NCAs) in their supervision of the establishment by EU firms of branches in non-EU countries. View Article |
FSB publishes Global Monitoring Report on Non-Bank Financial Intermediation 2018
The report presents the results of the FSB’s eighth annual monitoring exercise that assesses global trends and risks from non-bank financial intermediation. It covers data up to end-2017 from 29 jurisdictions, which together represent over 80% of global GDP. View Article |
ESMA publishes guidelines on supervisory reporting for credit rating agencies
The Guidelines amend some sections of ESMA’s 2015 Guidelines on the reporting of periodic information to ensure they continue to support ESMA’s supervisory processes in an efficient and effective manner. View Article |
ESMA sets out 2019 priorities for supervisory convergence
ESMA published its 2019 Supervisory Convergence Work Programme, which sets out ESMA’s work streams to promote sound, efficient and consistent supervision across the European Union. View Article |
The Economist: Conflicts in the credit-derivatives market threaten to undermine it
A ruling on the exact meaning of a complex contract surprises markets. View Article |
ISDA: A solution for the IM big bang
ISDA Chief Executive Officer Scott O'Malia writes that the derivatives markets are changing, with a greater focus on automation and cost reduction. View Article |