The European market is facing significant challenges with financing needs which currently “far exceed” the capacity of the region’s fragmented markets, said Christine Lagarde, president of the European Central Bank, as she called for the market to embrace ESMA’s proposals.
The imposed penalty from the UK’s Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) is linked to an inputting error made by a trader on the firm’s Delta 1 desk back in May 2022.
Speaking at an industry event this week, Sarah Pritchard, executive director, markets and international at the FCA, highlighted key themes at the fore of the watchdog’s focus, including: the impact of geopolitical pressures on market development, the rationale behind recent unbundling rules, and the future outlook for insurgent technologies.
The TRADE sits down with Mike Carrodus, chief executive and founder of Substantive Research to unpack the UK’s Financial Conduct Authority’s (FCA) recent bundling rules, discussing the most important considerations for traders, expected speedbumps, and the state of play across the UK, US, and EU.
As the US SEC prepares to implement T+1 in less than two weeks, the Colombo Stock Exchange aligns with numerous other markets by shortening its settlement cycle.
Following a last-minute decision from Brussels in March to plug an accidental regulatory loophole, Annabel Smith explores what might’ve happened if the European market was left with no caps on dark trading and whether the events signal a wider issue in the European regulatory machine.
New digital token identifier (DTI) marks a milestone for the regulation of digital asset derivatives, with previous reporting solely focused on traditional financial instruments.
Latest development follows news from March which saw the firm face $350 million worth of fines and civil money penalties for inadequacies in its firm and client trade reporting program between 2014 and 2023.
New rules will require firms to report position information for the largest futures and options traders to the Commodity Futures Trading Commission (CFTC) with an appendix specifying the substituted applicable data elements.
As The TRADE celebrates its 20th anniversary, Wesley Bray rounds up 20 of the most impactful regulations across financial markets; with an industry exhausted by regulation fatigue, what better time to delve into the intricacies of regulations past and present and unpack their lasting impact on the market.