All regulation news

ESMA issues non-EU AIFMD passport advice

19 July 2016 Paris
Reporter: Stephanie Palmer

ESMA has issued additional advice on application of the AIFMD marketing passport for non-EU markets, finding issues outstanding for the US, Bermuda, the Cayman Islands and the Isle of Man...

South Africa makes the leap to T+3

13 July 2016 Johannesburg
Reporter: Drew Nicol

South Africa’s capital market has initiated its long-anticipated settlement reform by shortening its standard cycle to T+3 from T+5, this week...

Citigroup admits to 15-year blue sheet violation

13 July 2016 Washington DC
Reporter: Stephanie Palmer

Citigroup Global Markets has admitted wrongdoing and agreed to a $7 million penalty to settle charges that it provided incomplete blue sheet information to the SEC over a 15-year period...

Clearing industry criticises leverage ratio

12 July 2016 Basel
Reporter: Drew Nicol

The Basel leverage ratio fundamentally threatens the business model of clearing members and will endanger the stability of the global financial markets, according to an industry letter...

Leverage ratio needs omissions, say associations

08 July 2016 London
Reporter: Drew Nicol

Five financial industry associations have joined forces to express concern about the implications of including central bank cash balances within Basel III’s leverage ratio framework...

Russia’s corporate actions reform in full swing

05 July 2016 Moscow
Reporter: Stephanie Palmer

The legal framework for Russia’s corporate actions reform has come into force, cementing the National Settlement Depository (NSD), Russia’s CSD, as a single source of information...

Brexit and MiFID II don't mix, says Deutsche Börse

01 July 2016 Frankfurt
Reporter: Drew Nicol

It will be “very difficult” for UK-based firms to maintain equivalency with the second Markets in Financial Instruments Directive and Regulation (MiFID II/MiFIR) once the UK breaks away from the EU, according to Deutsche Börse...