News
(The Trade)
TradeTech panellists discussed ongoing market structure changes within Europe including the need for good data when developing a consolidated tape and whether too much fragmentation could be detrimental to the European market landscape.
(Bloomberg)($)
A top Wall Street regulator is considering an outright ban on using derivatives to bet on US elections as part of a crackdown on so-called event contracts, according to people familiar with the plans.
(Traders Magazine)
Despite the continued rise in regulatory expectations, expenditure on compliance operations has decreased compared to 2023, as has investment in RegTech, according to a recent report by SteelEye. According to the annual State of Financial Services Compliance Report, while financial firms express intentions to allocate more resources to compliance, the reality reflects scrapped projects, constrained budgets, and compliance burnout.
(Global Trading)
While rules might not create markets, there is a very important role for regulation to play in creating a fair, open and competitive playing field in a fragmented region such as the European Union (EU).” This missive encapsulated the approach to regulatory divergence held by Virginie Saade, head of government and regulatory policy at Citadel. “Rules are a way to make sure that there is a common approach across the 27 countries.”
(Traders Magazine)
When we think about the Basel III implications, we are concerned about the implications for our underlying clients, said Michael Winnike, Director, Market Structure, BlackRock. Speaking at the SIFMA’s Basel III Endgame Roundtable on April 18, Winnike highlighted two categories of issues.
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(The Derivatives Service Bureau)
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