News
(Investment News)
The SEC recently passed a groundbreaking rule that will require many big public companies to report their climate-related business risks and their greenhouse gas emissions.
But the rule the Securities and Exchange Commission finalized was significantly pared down from what it proposed two years earlier, walking back the overall burden on businesses while nonetheless getting some progress on climate reporting on the books.
(Waters Technology)($)
This week, amendments to Europe’s Markets in Financial Instruments Regulation (Mifir) will come into force, firing the starting gun on the race to build a key market infrastructure. These changes to the regulatory regime for EU markets are intended to usher in a consolidated tape—the live stream of trade data from across Europe that public authorities have been trying to set up for years.
(Bloomberg)($)
Tom Hayes, the former star trader who became the face of the Libor scandal, lost an appeal to overturn his near decade-old criminal conviction after London judges dismissed the case. The Court of Appeal said Wednesday the ex-UBS Group AG and Citigroup Inc. trader’s conviction over interest rate-rigging should stand. Ex-Barclays Plc trader Carlo Palombo also lost his appeal.
(The Trade)
The European Securities and Markets Authority (ESMA) has completed its first final report under the Markets in Crypto Assets Regulation (MiCA), currently under review by the European Commission. These first rules regarding crypto asset service providers (CASP) are aimed at “[fostering] clarity and predictability,” as well as “[promoting] fair competition between crypto-asset service providers and a safer environment for investors across the Union”.
(Best Execution)
Acuiti’s ‘Proprietary Trading Management Insight Report’ notes a dip in profitability for proprietary trading firms between 2022 and 2023, with the majority of respondents describing their profitability as “slightly worse” or “significantly worse” when compared with the previous year or their 2023 budget.
More News
-
Anti-ESG Bill Floated in House to Combat DOL Rule
(Pensions & Investments)
-
Gensler Defends New Climate Rule, Promotes Mandatory Disclosures
(Pensions & Investments)
-
Market Structure Reforms Challenge Broker-Dealers
(Traders Magazine)
-
Looking for T+1 in the EU? Think 2028…at the Earliest
(The Full FX)
-
IEX Podcast: Reverse Pivoting Your Pivot with Larry Tabb
(IEX Exchange Podcast)
-
CCI Files Amicus Brief Supporting Coinbase’s Challenge to SEC’s Denial of Rulemaking Petition
(Crypto Council For Innovation)
-
JPMorgan Fined $348 Million for Gaps in Trading Surveillance
(Bloomberg)($)
-
FCMs Boost Front Office Investment
(Traders Magazine)
-
SEC’s Enhanced Execution Disclosures Welcomed
(Markets Media)
-
T+1 is Biggest Regulatory Headache for 2024
(Markets Media)
-
Investors say new SEC disclosures may sit on shelf
(Risk.net )($)
-
US FCMs far apart on target residual interest levels
(Risk.net )($)
-
Green Groups Decry SEC’s Climate Disclosure Rule as Too Weak
(Bloomberg)($)
-
Finance Docket: Is Everything Insider Trading?
(DealBreaker)
-
EU mistake opens 18-month window for unlimited dark trading
(Financial Times)($)
-
The Aftermath of the SEC’s Climate Disclosure Rule
(Institutional Investor)
-
Jay Powell Signals a Retreat on Banking Rules
(New York Times)($)
-
S.E.C. Approves New Climate Rules Far Weaker Than Originally Proposed
(The New York Times)
-
SEC Enhances Disclosure of Order Execution Information
(Markets Media)
-
SEC ‘caution’ extends Vanguard’s ETF share class monopoly
(Financial Times)
-
24 Exchange Aims to Launch National U.S. Equities Exchange
(Traders Magazine)
Most Commented