European Union approves CME Group and IHS Markit’s joint venture LeapRate

July 23, 2021 BY Steffy Bogdanova

European Union approves CME Group and IHS Markit’s joint venture

The statement said: The proposed transaction is largely complementary, and results in a few technically overlapping areas between the companies’ activities relating to trade processing products. The new joint venture will provide trade processing and risk mitigation services for global OTC markets across interest rate, FX, equity and credit asset classes. Business information provider S&P…

January 14, 2021 BY Steffy Bogdanova

LSEG gets regulatory approval for $27 billion Refinitiv deal

The approval of the acquisition brings a lengthy regulatory review of the deal, which will see Refinitiv owner Blackstone take a stake in LSE and will clear the way for a major new rival to Bloomberg. The authorities have been concerned that the acquisition would give the London bourse too much market data control, enabling…

May 15, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: IG Group announces its first ESG Manager, UK economy sinks

The Bitcoin third block halving event took place this Monday. Every four years the amount a bitcoin minor receives is cut in half as a deflationary measure. The Bitcoin reward has gone down to 6.25 BTC from 12.5BTC. The algorithm behind the halving is designed to limit the total number of Bitcoins issued to 21 million…

May 13, 2020 BY Steffy Bogdanova

European Commission announces a plan to fix flaws in AML and CTF rules

The new plan will disrupt the current model of supervision, where member state monitors the implementation of EU rules individually. During the first quarter of next year, the EC will propose setting up an EU-level supervisor fix the weaknesses in a loopholes in the current model. The EC calls for the European Banking Authority (EBA)…

December 13, 2018 BY Valentina Kirilova

European Commission adopts new rules to increase transparency in securities financing markets

In an important step towards increasing the transparency of securities financing markets, the European Commission announced earlier today that it has adopted a package new measures under the Securities Financing Transactions Regulation (SFTR). The SFTR requires all securities financing transactions to be reported to a central database called "trade repository". The delegated and implementing acts…

March 08, 2018 BY Valentina Kirilova

European Commission with an Action Plan for more competitive financial market

The European Commission informed that it has just unveiled its Action Plan on how to harness the opportunities presented by technology-enabled innovation in financial services (FinTech). Europe should become a global hub for FinTech, with EU businesses and investors able to make most of the advantages offered by the Single Market in this fast-moving sector.…

October 27, 2017 BY Valentina Kirilova

FCA statement on MiFID II inducements and research

The FCA informed that it welcomes the announcements made yesterday by the European Commission and the US Securities and Exchange Commission (US SEC) in relation to the MiFID II inducements and research reforms and their interaction with US regulation. Andrew Bailey, Chief Executive Officer at the FCA, said: I am grateful for the constructive conversations…

June 14, 2017 BY Valentina Kirilova

European Commission proposes more robust supervision of Central Counterparties (CCPs)

The European Commission is proposing targeted reforms to further improve the financial stability of the European Union. Central counterparties (CCPs) from the EU are already well regulated and equipped to deal with financial distress, thanks to a raft of measures adopted in the wake of the financial crisis. However, further reforms to ensure a more…

March 29, 2017 BY Valentina Kirilova

European Commission blocks proposed merger between Deutsche Börse and London Stock Exchange Group

The European Commission has prohibited the proposed merger between Deutsche Börse AG and London Stock Exchange Group under the EU Merger Regulation. The Commission's investigation concluded the merger would have created a de facto monopoly in the markets for clearing fixed income instruments. The proposed merger would have combined the activities of the two largest…

February 14, 2017 BY Valentina Kirilova

ESMA writes to European Commission on MiFID II systematic internalisers operating broker crossing networks

The European Securities and Markets Authority (ESMA) has written to the European Commission to raise its concern over the potential establishment of networks of systematic internalisers (SIs) by investment firms to circumvent certain MIFID II obligations; in particular, the requirements for investment firms operating internal matching systems and executing client orders on a multilateral basis…

Tag: european commission