A cure for Wall Street’s MiFID migraine in the works at SEC

After seeming hesitant earlier this year, SEC staffers are engaging more with firms and have intensified efforts to find a solution before Europe’s rules take effect in January.

MiFID II

Britain and EU clash over Brexit timetable for trade deal

By giving out more details of where it stands and spelling out its demands, the U.K. wants to change the narrative that it’s been too vague, and by doing so jolt the EU into talking trade sooner.

Brexit

New EU market rules could kill brokers’ morning notes

It's the end of an era! The morning-note genre, well-known musings of analysts and strategists that work as one of the ways investment banks market their services to potential clients, may cease to exist under MiFID II.

MiFID II

Why Volcker Rule reform won't happen quickly

The Volcker Rule may become a principal talking point in a priority for the Trump administration: regulatory harmonization.

Regulation
Featured

For Asia/Pac Rim firms, becoming “MiFID II friendly” starts with getting an LEI

ESMA’s guidance on LEIs is clear: E.U. firms’ counterparties are required to have an LEI before they can start transacting with each other.

MiFID II
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Featured

Why demonstrating OTC fixed income best execution may require trade reconstruction under MiFID II

Because of the heavy reliance on voice or electronic market color, trade reconstruction is a critical component to the investigatory part of OTC trade management analysis.

MiFID II
Featured

Best execution for MiFID II requires a feedback loop under MiFID II

In this series of blogs, we will discuss how MiFID II impacts the best execution process, in particular for OTC fixed income, and how trade reconstruction capabilities will be crucial for firms to reach optimal results.

MiFID II
Featured

Managing liquidity risk in response to SEC rule 22e-4

In many respects, SEC rule 22e-4 is the first explicit regulation to codify, or formalise, liquidity risk management.

Regulation
Featured

The long arm of MiFID II, part II: How important is equity market equivalence? More than we thought

65% of the stocks in the Nasdaq composite and 66% of the stocks in the NYSE composite could potentially be subject to the trading obligation

MiFID II
Featured

MiFID II and non-EU sell-side firms: Questions you need to ask today

While MiFID II does not directly apply to non-EU banks and brokers, it carries material implications for non-EU firms carrying out trade and order flow for their EU clients.

MiFID II