Uncleared margin rules – the saga continues
The story behind the start of the rules on uncleared margin continued to unfold last week, with an announcement by the three ESAs (European Supervisory Authorities, i.e. ESMA, EBA and…
MiFID RTS 22 on Transaction Reporting and FCA reporting system
On 28th July 2016, the European Commission published the final version of Regulatory Technical Standard(RTS) 22 of MiFID II, which specifies the way in which Investment Firms must report data…
MiFID II and Brexit
It has been several weeks since the UK voted to leave the European Union ("Brexit"). At the time, the FCA announced that firms should plan to implement MiFID II as…
Looking at the FSB report on financial reform
Last week, the Financial Stability Board issued their second annual report on the progress of global financial reform, looking in particular at the fulfilment of the commitments made at the…
Looking at the FCA MiFID II Roundtable minutes
Last week the FCA published the latest minutes of the last MiFID II implementation round-table, which can be found here. There are a few interesting points to note for energy…
Uncleared margin rules start – in some places
Yesterday, 1st September, was the date on which rules around margin on uncleared OTC derivatives were supposed to take effect for the largest counterparties across the globe. The principles of…