Europe
Vague VM relief criteria creates trading uncertainty
Banks face lack of clarity on extent of margin rule forbearance
Start-up looks to break swaps clearing bottleneck
Sernova promises everything an FCM can do – apart from taking risk
Deal or no deal? US divided on EU insurance agreement
Benefits of mutual recognition may encourage Trump administration to keep Obama’s last act
EC rebuffs euro clearing relocation policy in Emir review
UK pushes back against French demands to shift CCP business post-Brexit
Esma to referee AMF-FCA dispute over inducements
EU authority set to clarify whether buy side needs to pay for macro research in Mifid II
EC: regulators could adapt rules to protect bond liquidity
Official recognises regulatory hit to corporate bond and repo markets, but rejects Mifid delay
Regulators relent ahead of VM big bang
Firms with 'significant exposures' must stick to March 1 deadline, however
Statoil braces for increased oil volatility
Changing market dynamics increase importance of trading, says Norwegian oil firm
Banks fear fresh burden from new EU branch supervision plan
EBA insists enhanced supervision of largest branches will not bring additional requirements
EC to miss Mifir equivalence deadline
Draft timetable would leave some jurisdictions inaccessible to European Union firms from January 2018
European Parliament vote on carbon market reforms seen as bullish
Energy traders welcome reforms seen as shoring up ailing EU carbon market
Why EU banks still refuse to die
A year on since BRRD came into force, the debate on taxpayer bailouts is far from resolved
Japan holds firm on VM deadline as Fed tracks progress
JFSA says no “strong reason” for delay; Bafin and Fed monitor developments
Mifid malfunction: Brexit breaks data foundations
Removing the UK from EU markets could derail new European trading and transparency rules
HSBC shakes up risk analytics team
Internal memo attributes changes to increased demand for analytics
Emir reporting updates put energy firms on alert
New reporting regime marks start of increased scrutiny for big players
Forex swap margin treatment uncertain ahead of VM deadline
With one month to go, market participants are still unsure how to treat foreign exchange derivatives
National authorities rebel against BRRD state aid limits
EU single resolution board will “never have any work to do”, lawyers predict
Insurers cannot get round Brexit with ‘brass plaques’ – CBI
Firms will need a substantial presence in Ireland to sell into single market, says regulator
Bank stress, Brexit drive DoubleLine out of European credit
Fund manager warns ECB’s corporate bond buy-backs may produce “adverse outcome”
Negative rates force decline in yen life products
Japan’s life firms are increasingly focused on foreign-currency products
Emir countdown raises cost questions for the buy side
Firms fear wider spreads, lower liquidity after May 21 frontloading date
Structured Products Europe Awards 2015: The winners
Societe Generale triumphs in a year of two halves
Europe house of the year: Societe Generale
Focus on credit pays dividends for French bank