Breaking News

Tag Archives: ESMA

Speed Reader: FIA Europe’s Simon Puleston Jones making his way through MiFID II Interview,Regulation,Video

EU regulation continues to wind its way through the system. That’s keeping Simon Puleston Jones a busy man. As chief executive of FIA Europe, he’s busy making his way through the EU’s 845-page consultation document that contains 860-plus questions, as part of a 10-week consultation process that ends on August 1. John Lothian News spoke with him about what’s in it and what it means for the industry. “That’s a hell of a lot of reading for the industry to do,” he said. “Part of the challenge for us is working out how we can get the feedback from the…

John Lothian Newsletter: SEC May Not Flex Dodd-Frank Muscle on Brokers; Esma narrows focus on high-speed trading; UBS Attempted to Rig Interest Rate, Hong Kong Regulator Finds John Lothian Newsletter,Newsletter

First Read Boca Bits and Pieces By John J. Lothian Thursday was the last day of the program of the Futures Industry Association’s International Conference in Boca Raton, Fla. that did not involve chasing a little white ball around. The conference program has come and gone and proved to be one of the better ones than previous years. We worked on an exchange CEO interview series while we dodged in and out of the program. We came away with all the interviews we wanted except two, Charles Li of the HKEx and Andreas Preuss of Eurex. You can view our…

John Lothian Newsletter: Europe deal will cap ‘dark pools’ trading; EU securities watchdog to keep out of Euronext debate; Bloomberg kicks off electronic MAC swaps trading John Lothian Newsletter,Newsletter

First Read Dear JLN Readers, Happy Friday! Where did the week go? Today is SGX’s last day as guest-editor for the newsletter. It has been fun (too much fun for Mike) and something new for us. 2013 is almost coming to a close but there is never a dull moment in our industry. The past year gave us risk on, risk off, regulatory challenges, and intensified pressure for our industry’s business model to evolve. Here in Asia, the challenge continues to be one of harnessing the secular growth trend, with the futures industry continuing to grow its presence in Asia….

Michael Lacson of SunGard Capital Markets Discusses The Latest Regulatory Technology Interview,Regulation,Video

Michael Lacson

As financial markets reform edges closer to completion, firms in the derivatives space are looking for technology and solutions that will help meet the new reporting and compliance requirements. Michael Lacson, director of presales, Protegent, of SunGard Capital Markets talks about how his firm developed compliance technology to deal with the new financial rules set by Dodd-Frank, as well as ESMA, EMIR and MIFID in Europe and those in Asia. The key, he says, was to find the balance between creating flexible technology that firms can adapt to new market regulation and technology that can be integrated into the back…

Justin Llewellyn-Jones of Fidessa Talks ISVs, Regulation & Technology Interview,Tech / HFT,Video

Justin Llewellyn-Jones, chief operating officer of Fidessa, thinks globally and well, acts globally too. Llewellyn-Jones spoke with JLN editor-in-chief Jim Kharouf about how Fidessa is adapting to the new global marketplace and the demand for multi-asset class platforms and networks. The firm opened new data centers in Chicago, where the firm opened a new office in recent months, another in Brazil to support its Latin American initiatives and India. Fidessa continues to see strong growth in the derivatives space. Fidessa, founded as an equities platform, expanded into the derivatives space eight years ago. With a team imported from the derivatives…

John Lothian Newsletter: Exchange CEOs See Euronext Sale Reshaping EU Equity Market; Hedge Funds Win Collateral Reprieve in SEC Dodd-Frank Shift; UK short-selling suit to test Esma powers John Lothian Newsletter,Newsletter

Industry execs see the possible sale of Euronext as shaking up the exchange balance in Europe. Asset managers get a welcome exception to Dodd-Frank credit-default swap collateral rules from the SEC. In the UK, a lawsuit over short selling rules could be a larger test over the power that cross-border regulators may wield in the future.

Sanjeev Joshipura of the Commodity Markets Council on Dodd-Frank in 2013 Interview,Regulation,Video

Sanjeev Joshipura

Sanjeev Joshipura, president of Commodity Markets Council, talks about how Dodd-Frank rules will impact his membership base. Joshipura talks with JLN editor-in-chief Jim Kharouf about the future of the controversial position limit rule, which was vacated by a US District Court on September 28, 2012. A new position limit rule is expected from the Commodity Futures Trading Commission (CFTC), which will include a cost-benefit analysis. CMC is also focused on the CFTC’s reauthorization this year and the continuation of EMIR regulations. Joshipura also talks about US and EU regulatory harmonization and the challenges facing that goal.

European Swaps Perspective from Alex McDonald of the WMBA Interview,Regulation,Video

Alex McDonald

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. Alex McDonald, CEO of the Wholesale Markets Brokers’ Association (WMBA), has his eye on both European regulatory reforms such as MIFID, MIFIR and EMIR as well as Dodd-Frank in the US. McDonald spoke with John Lothian News Editor-at-Large Doug Ashburn at 2012 SEFCON III about the need for international standardization on OTC derivatives regulation, as well as the push in the Europe toward a single regulatory structure there and the capital requirements that come with it. The question for…

John Lothian Newsletter: Esma probes agencies’ views on banks; Fed official floats stress tests of money funds; Oslo Børs to cut opening hours John Lothian Newsletter,Newsletter

European regulator Esma takes a closer look at the three largest credit rating agencies, to see if those companies are sufficiently rigorous in their activity. An official in the Federal Reserve suggests expanding future bank stress tests to include sponsored mutual fund data.  In a sign of the “reduced volume” times, the stock exchange in Oslo is cutting back its trading hours in an effort to increase trading volume in the remaining open hours.