Sam Tyfield

personal. views own. views not necessarily correct. value of my views can go down as well as up. 'Moderately nefarious' (the BBC), ex-'tornado of raw emotion'

[Sam Tyfield @SamTyfield]

Same

[Sam Tyfield @SamTyfield]

@Behavox 👋🏻

[Sam Tyfield @SamTyfield]

@mrs_harket @Early90sIndie @inspiralsband I was at the Newport show. Remember jumping up and down next to a bloke in full-on biker leathers wondering how he wasn’t passing-out in the heat.

[Sam Tyfield @SamTyfield]

@MehreenKhn @staffordphilip He’s got a pretty full dance card now. Literally any of these roles could be full time

[Sam Tyfield @SamTyfield]

@SMTuffy ‘These rules are equivalent but these rules are different’

[Sam Tyfield @SamTyfield]

@Williamw1 I think you answered your own question, Will.

[Sam Tyfield @SamTyfield]

@odtorson @SMTuffy @Williamw1 Agreed. Whole passporting thing has its issues - if there weren’t opportunities for RegArb even within the EU, ESMA wouldn’t have to wang on so much about common supervisory standards & approaches

[Sam Tyfield @SamTyfield]

@odtorson @SMTuffy @Williamw1 Art 47 MiFIR refers to services to ECPs and professional clients. We are talking about wholesale markets.

[Sam Tyfield @SamTyfield]

@odtorson @SMTuffy @Williamw1 I can’t argue there’s any ‘right’ to free markets but I can believe that to take active steps to prevent/remove free markets in FS shouldn’t be normalised - politicians are supposed to work “for us” & if some vague populist notions knowingly harm “us” then I expect better of them

[Sam Tyfield @SamTyfield]

@odtorson @SMTuffy @Williamw1 That’s fair, although we should be wary of normalising this. And if true (which it is) we should also be clear that the UK’s position (understandable, mendacious or pearl-clutching though it may be, depending on ones perspective) is fair enough as well. It’s *all* politics.

[Sam Tyfield @SamTyfield]

@odtorson @SMTuffy @Williamw1 According to the EC, it will expect “expect stronger safeguards against risks when that third country's impact on the EU markets is high” which understandably includes the UK. But if UK adopts IFR/D, what current real non-politics objections could EC have to equivalence?

[Sam Tyfield @SamTyfield]

@ajtfreeman @sabrush @Williamw1 And he’s not wrong. That would mean loss of ability to enter into UK’s own equivalence decisions (albeit that if HMT takes lead on that process rather than FCA, then UK’s own equivalence process no less political than EU’s)

[Sam Tyfield @SamTyfield]

@sabrush @Williamw1 Why thank you ❤️

Oooh, you meant Bailey. Yes, well even stopped clocks etc etc

[Sam Tyfield @SamTyfield]

@sabrush @Williamw1 Which (goodness help me for saying) is fair comment, especially as we haven’t been told what those terms might be. Heck, we’ve even been told that equivalence isn’t on table bc the EC isn’t sure to what we need to be equivalent (presumably until MiFID and MAR reviews complete).

[Sam Tyfield @SamTyfield]

@robertshrimsley Oh aye, but Shorting on an honestly held belief (however rash) that the FT is to publish further revelations isn’t... well it’s not what BaFin alleges: “malicious hedge funds working in coordination with media outlets to bring it down”; or “coordinated short selling attacks”

[Sam Tyfield @SamTyfield]

Still investigating the short sellers tho.
And this makes no sense unless suspicious that one of the shorters was Wirecard staff or a whistleblower or there’s an argument that shorters w no objective but to destroy Wirecard pushed execs to fraud in order to shore-up stock price

[robert shrimsley @robertshrimsley]

In a shocking volte-face the German authorities have decided to stop defending the guilty:

https://t.co/QjxuYZ4gQO

[Sam Tyfield @SamTyfield]

@FyldeFan @CrimeGirI This just announced...

But on your point: it’s not just international criminality, it’s domestic too. Accounting and FinServ criminality just *very* difficult to spot and/or prosecute. That’s why FCA etc have a criminal remit too. And in this case, BaFin chose to pursue FT

[robert shrimsley @robertshrimsley]

In a shocking volte-face the German authorities have decided to stop defending the guilty:

https://t.co/QjxuYZ4gQO

[Sam Tyfield @SamTyfield]

@CrimeGirI @FyldeFan it’s no surprise: regulators supported Wirecard, investigated journos; audits gave clean bills of health; numbers didn’t add up but only if a FS expert without a confirmation bias looked at them; biggest detractors of Wirecard other than FT were firms which make money shorting

[Sam Tyfield @SamTyfield]

@CrimeGirI Serious answer is maybe internet access is maybe wonky and they may be in part of the world where internet access is monitored.

[Sam Tyfield @SamTyfield]

@virginieoshea *so where’s the wholesale broker comp and incentives review announced in April 2019 and due by end of that year?* 🛎

[Sam Tyfield @SamTyfield]

@virginieoshea @sabrush

[Sam Tyfield @SamTyfield]

There’s some surprising stuff in here, particularly given where so many PTFs/SIs and venues have moved for their post-Brexit EU hubs.

[The TRADE News @theTRADEnews]

Dutch regulator calls for overhaul of MiFID II fixed income transparency rules https://t.co/pcNVOTWNgJ