Although the French presidency has achieved significant progress on a consolidated tape, certain unresolved issues will delay a final proposal by at least a year
https://t.co/swJvvn38AX
Although views differ on the details of how the tape should be developed, low costs to consumers and a robust revenue redistribution model are widely seen as crucial
https://t.co/RbqTWGLRDc
The latest Wholesale Markets Review package consolidates the UK's eagerness to calibrate secondary markets according to its own needs, regardless of divergence concerns
https://t.co/Lbv0rIrdbf
While the UK has said it will delete both RTS 27 and 28, ESMA’s proposal to update RTS 27 has been met with criticism among market participants
https://t.co/uAZZiVePqS
As the UK maps out its extensive legislative reforms, market participants fear the real Brexit work has only just begun (WARNING: more mountains to climb ahead!)
https://t.co/SYRUu4mEdb
The FCA has released a discussion paper on SDR for asset managers and a new labelling system for sustainable investment products, which sources say decomplexify the EU’s SFDR rules.
#SFDR#SDR#sustainability#sustainabilityreporting#greenfinance
https://t.co/gY84Wlogh7
Sources at ISDA’s 2021 Europe conference spoke of the importance for the EU to
complete its CMU to secure a larger clearing market share #ISDA#CMU#Brexit#clearing#euroclearing
https://t.co/LEaYanxmrQ
While the new regime aims to separate prudential requirements for banks and investment firms, market participants denounce excessive complexity and a ‘copy-and-pasting’ of CRR/CRD rules.
#prudential#prudentialregime#CRR#CRD#ICMA#capitalrequirements
https://t.co/3QCT6TOnMm
As the UK and the EU diverge in their Mifid market structure reforms, market participants are hopeful that this time policy makers on both sides of the channel will make evidence-based decisions
https://t.co/Fx29Bqisip
In the context of heavy criticism and targeted attacks from the authorities on credit-sensitive rates, #Bloomberg's Umesh Gajria, looks back on #BSBY’s path and success since launch.
#BSBY#CSR#USDLibor#SOFR#ARRC#Fed#Libortransition
https://t.co/wrfnKOSRGx
Significant progress has been made ahead of #Libor’s phase-out, including on consent solicitations, but a large portion of the bond market will not have transitioned by year-end. #syntheticLibor#bonds#Sonia#FCA#toughlegacy
https://t.co/43lA9DqEvZ