European Commission (EC)
Sefs and exchanges echo EC's CDS licence complaints
Abuse of power?
EC asset management chief: funds industry needs binding rules
Follow the Lueder
CFTC-EC ‘stricter-rule applies’ cross-border agreement worries market
Lawyers warn allowing strictest regulation to prevail will create heavy-handed regime
Commission approves scrapping of extended matching adjustment
Brussels frames Solvency II long-term guarantees debate along the lines of Eiopa’s proposals
FTT would ‘drain financial resources’, GFXD research claims
The global FX division is upping its lobbying efforts to have forex derivatives carved out of the financial transaction tax with new research that shows the potential impact of the tax on transaction costs
Iosco letter to EC ‘strongly recommends’ PFMI standards for non-EU CCP recognition
International frameworks for CCPs should be the primary source of jurisdictional equivalence assessments, according to Iosco's Alder.
Energy should be exempt from benchmark rules, argues EC official
Benchmark indexes in energy markets are already well regulated and do not need further oversight, argues EC director-general for energy
Long-term guarantee measures must be flexible - Balz
Solvency II calibrations need to account for different national contexts
PRAs under attack amid market manipulation investigations
Price reporting agencies (PRAs) are facing intense scrutiny from regulators, amid renewed allegations that their widely used price indexes are being manipulated by unscrupulous energy traders. Will the PRAs be forced to change their ways? Alexander…
Asian CCPs left to apply ‘in the dark’ for Esma recognition
Asian CCPs under pressure from EU third-country equivalence/recognition deadline squeeze
Insurers call for more transparent infrastructure investments
Structuring and regulation of assets frustrating investment, say market participants
AIFMD regulation more suitable for some strategy ETFs, says EC official
EC asset management head proposes regulation of some strategy ETFs under the Alternative Investment Fund Managers Directive, instead of Ucits
EC recognises member state fears that FTT will hurt clearing
Tax liability could send CCPs "directly into insolvency" warn Czech officials in leaked document
Japan delays cross-border rules amid US and European uncertainty
Equivalence and substituted compliance issues must be resolved quickly, or financial markets will be affected, says Kono at Japanese FSA
EU financial transaction tax may drive Asian banks away from European business
Eleven EU states have agreed to implement a harmonised financial transaction tax, due to begin in January 2014. The tax has a huge extraterritorial reach, posing serious questions about its impact on Asia
Drop in Hong Kong Prada share volume highlights dangers of transaction taxes
Daily turnover in Prada shares listed on Hong Kong Exchange has dropped by over 30% since introduction of Italian financial transaction tax two months ago
Europe should consult on Emir equivalency – SEC official
The EC and Esma should consult on the process for determining equivalency with Emir, says Eric Pan of the SEC
Financial transaction tax will harm Europe’s banks in Asian derivatives markets
The draft form of the EU's proposed financial transactions tax is 'unworkable' for European firms operating in Asia
Mandatory bundling will damage trading in European gas, say firms
Capacity Allocation Mechanism network code could restrict gas trade at physical hubs and interconnection points
Risk Espana rankings 2013
Spanish fiesta turns cold
Better risk data vital if insurers to boost disaster coverage
Steps to improve risk modelling needed if Europe wants insurers to increase cat risk exposure, say experts
US warns EU over financial transaction tax
The US will not allow the EU financial transaction tax to happen, according to the head of US Chamber of Commerce Thomas Donohue. Co-ordination between G-20 countries on financial regulation is needed
Finance ministers warn US on extraterritoriality
Letter to US Treasury secretary says OTC rules should be applied within national borders only. Signatories include French, German, UK finance ministers