European Parliament
Uncertainty reigns
Uncertainty reigns
EU Parliament adds to calls for Solvency II delay, but uncertainty remains
EU Parliament adds to calls for Solvency II delay, but uncertainty remains
Foreign regulators leave US isolated on uncleared margin rules
The extraterritorial application of US uncleared margin proposals will make it tough for US banks to compete with their foreign counterparts unless the proposals are copied by regulators elsewhere
European Parliament calls for delay in Solvency II implementation
Parliament calls for delay but European Insurance and Occupational Pensions Authority says it would like aspects of implementation to start now
European Parliament rejects Swinburne’s forex exemption
Crucial plenary vote on Emir on July 5 retains suggested amendments to recognise unique nature of FX derivatives, but strips out explicit calls for an exemption
Deconstructing Emir
Deconstructing Emir
Client clearing services slowly maturing
A clear path?
CCPs object to ‘misleading’ Emir collateral clause
CCPs object to Emir collateral clause
EU support for naked CDS sets up collision with Parliament
Draft text would allow uncovered CDS but sketches out new reporting regime that could spook hedge funds
Esma chair fears clashes with US regulations
Maijoor says regulatory differences are unavoidable - but can be overcome
Sovereign debt managers criticise ban on naked CDSs
Sovereign debt managers criticise ban on naked credit default swaps
European politicians row over scope of Emir
Challenging Emir
European legislators squabble over Emir
The derivatives catch-all
Sovereign risk weights under threat
Weight gain
Triple threat to sovereign default-risk-free status
European policymakers and regulators are considering dramatic changes to the capital treatment for government bonds
Clearing back-loading provision removed from latest EU Council text
Council removes back-loading provision in Emir proposal
European parliament embraces Tobin tax
Lawmakers throw their weight behind Tobin tax on financial transactions; say global difference of opinion should not stop Europe implementing levy
FSA's Ross to join Esma
Head of international division moves to European market regulator
Draft European clearing rules threaten Eurex business model
Analysts warn Council of the European Union proposals could hurt trading revenues at Eurex, as its owner, Deutsche Börse, pursues merger talks with NYSE Euronext
Langen report: clearing rules will only apply to new trades
European Parliament calls for existing derivatives trades to be excluded from clearing rules, but proposes wider exemptions for public-sector bodies
European Parliament has neglected FX exemption question, says UK MEP
Kay Swinburne criticises colleagues in the European Parliament for failing to tackle the question of whether forex contracts need to be subjected to new clearing and reporting requirements
Fears over consistency of Basel III implementation
The power of peer pressure
Danish regulators push for more flexible Basel III liquidity rules
Shortage of high quality liquid assets prompts Danish regulators to push for changes to the liquidity coverage ratio within the European Union capital requirements directive
EU to examine commodity derivatives/physical market link
Following sustained calls from EU members to curb commodity derivative markets, the EU will research the link between derivative and physical markets