Tag: Regulation

Regulation

Regulation Changing the Face of PB: New York Fed

A new paper by the Federal Reserve Bank of New York’s Liberty Street Economics unit highlights the changing relationships between hedge funds and prime brokers – specifically that funds are spreading their business wider and that the large dealer-affiliated PBs are suffering disproportionately. The paper, How Has Post-Crisis Banking Regulation Affected Hedge Funds and Prime […]

And Finally…

We should not be surprised by reports that banks in particular are “encouraging” trading and sales staff to return to the office – in spite of what looks like strange timing given the rise in COVID-19 cases in the Northern Hemisphere over the past few weeks, there is no getting away from the fact that […]

WFE Calls for Standardised Regulatory Approach to Stablecoins

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has called for the development of a common taxonomy to meet the growth of stablecoins, that would also cover crypto-assets more broadly. In a response to a consultation paper issued by the Financial Stability Board (FSB), WFE says this would create consistent […]

In the FICC of It

The move by Refinitiv to a 5ms data feed on its Spot Matching platform has grabbed Colin Lambert’s attention this week, leading him to call for an open debate in the FX industry over the length of last look windows. With both primary venues at 5ms, is it now the time for platforms to step […]

Trade Associations Urge UMR Implementation Delay

In response to the COVID-19 pandemic, 21 financial industry associations have submitted a letter on behalf of their members requesting BCBS (Basel Committee on Bank Supervision), IOSCO (International Organization of Securities Commissions), and other global regulators to suspend the current timeline for the initial margin phase-in. The letter says this will to allow market participants […]

CFTC Praised for Relief to Market Participants

The Commodity Futures Trading Commission (CFTC) has issued a raft of no-action letters granting market participants relief from several regulatory requirements. The CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) issued the letters providing temporary, targeted relief to futures commission merchants (FCMs), introducing brokers, swap dealers, retail foreign exchange dealers, floor brokers, and other […]

Digital Assets Body Adds Four

Global Digital Finance (GDF), the industry body advocating and accelerating the adoption of digital assets, has announced a partnership with Washington-based advisory and advocacy firm FS Vector, as well as four new senior appointments to its global policy and regulatory affairs teams. John Beccia of FS Vector will lead US regulatory affairs for GDF, while European public […]

In the FICC of It

On this week’s podcast Colin Lambert casts his eye over the week’s news, before he is joined by Matthew Kulkin, partner at US law firm Steptoe, and former director of the CFTC’s Division of Swap Dealer and Intermediary Oversight, to discuss all matters regulatory. Lambert is pleased to find out that one of his observations […]

And Another Thing…

The second – and penultimate – Irrational of 2019 is the Event of the Year and obviously this had to be held back to ensure that the Great British public did not don their subversive hats again and surprise at last week’s election. They did not to any great degree (although I don’t recall a […]

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