Blog

Search Blog
April 17th, 2014 by Nick Railton-Edwards

In the avalanche of regulation passed by the EU Parliament on its election-boosted Turbo Tuesday, it might have been easy to miss their approval of a Directive intended to improve corporate social responsibility. Affected companies will have to disclose information on policies, risks and results with regard to:          environmental matters,          social and employee-related […]

Read More...
April 16th, 2014 by Nick Railton-Edwards

The EU Parliament has voted to adopt the Market Abuse Regulation, completing the MAD 2 legislative package. Consisting of the Market Abuse Regulation (MAR) and the Criminal Sanctions Market Abuse Directive (CSMAD), the legislation will come into force 24 months after its publication in the OJ, expected in June, at which time the original MAD […]

Read More...
April 16th, 2014 by Nick Railton-Edwards

The European Parliament yesterday approved the April draft of MiFid II, effectively ending the political phase of its gestation. ESMA will now (officially) begin the mammoth task of crafting the all-important detail, the following (to be done by) time line has now begun: ·         The Commission formally requests ESMA’s advice on Level 2 measures- delegated […]

Read More...
April 15th, 2014 by Nick Railton-Edwards

At its last plenary session before electoral recess, the European Parliament has passed three laws cementing the foundations of an EU-wide banking union. The Single Resolution Mechanism, passed by 770 to 88 with 13 abstentions, limits the contentious role of national governments, resolutions will be triggered by an ECB-led decision, effective as of 1st January […]

Read More...
April 14th, 2014 by Nick Railton-Edwards

The House Agriculture Committee has approved H.R. 4413, the Customer Protection and End-User Relief Act, bipartisan legislation to reauthorise the CFTC and fine-tune its procedures; the Act has been passed to Congress for full debate. The CFTC’s 2008 authority expired on 30th September 2013, the resulting authority-gap does not seem to be cause for concern. […]

Read More...
April 14th, 2014 by Michael Beaton

On 11 April 2014, the EU Commission published a consultation document requesting views on what constitutes an FX “financial instrument” for the purposes of MiFID[1] and what does not, particularly in the context of spot FX.  The consultation follows on from the letter

Read More...
April 11th, 2014 by Michael Beaton

On 8 April 2014, just days before its final plenary session (scheduled for 14-17 April) the EU Parliament has published a revised text of the Bank Recovery and Resolution Directive (BRRD).  The text appears to confirm the Parliament’s broad support of the requests made by various Member States for clarity that the extension of liquidity […]

Read More...
April 11th, 2014 by Michael Beaton

Eurex Clearing announced yesterday that BaFin had approved its application as a clearing house, becoming the fourth CCP to be authorised under EMIR, alongside Nasdaq OMX Clearing AB, European Central Counterparty N.V. and KDPW_CCP.

Read More...
April 11th, 2014 by Michael Beaton

This month, we are lucky enough to have Richard Firth[1] contribute as a guest to the DRS blog.  Richard discusses the choice of arbitration or litigation within the context of the derivatives markets, suggests a number of practical points for consideration by those involved in this area and identifies where help can be found for […]

Read More...
April 10th, 2014 by Nick Railton-Edwards

For those who may have missed it- an interesting initiative from SWIFT in the KYC\AML\onboarding  area, forming part of its SwiftRef data suite. Launched earlier this year, the service aims to be a central repository of due diligence data for correspondent banking. Subscribers will access and share initial KYC data which will then be updated […]

Read More...
Subscribe to Blog Subscribe to our blog and receive email notification when there is a new entry.

Stay Up-To-Date

View Timeline

Memberships:

Copyright © 2014

Derivatives Risk Solutions LLP