Tag: MAR


In the FICC of It

New technologies and old issues are on the agenda for this week’s podcast as Colin Lambert and Galen Stops take a look at the likely impact of blockchain on FX swaps. Stops makes the point that this would be a radical step for what is often seen as an archaic segment of the market, but […]

And Finally…

I’ll keep this short as it’s a public holiday in my domicile, so I will just ask the question, how worried should the FX industry be about ESMA’s pondering over including spot FX in its Market Abuse Regulation? Obviously the question has been raised with the European regulator thanks to the ongoing headlines around the […]

Has ESMA Officially Incorporated FX Into MAR?

Where, indeed if, spot FX sits within the European Securities and Markets Authority’s Market Abuse Regime, MAR, has been the subject of speculation for some months. Earlier this year, ESMA issued an updated MAR document and again there was no mention of spot FX, however this did not stop some sounding concerns that the broader definition could mean spot FX is “in scope”. In a Q&A paper issued last week, ESMA appears to have provided some clarification – by mentioning spot FX explicitly.