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Regulation

Sapient Extends Platform for MiFIR Reporting Sapient Global Markets has extended its CMRS platform with the aim of enabling firms to comply with the Markets in Financial Instruments Regulation (MiFIR) reporting requirements. The CMRS platform is built to identify the reportable trades before transforming the trade ...
What Does MiFID II Mean for FX Markets? The final technical standards (TS) for the Markets in Financial Instruments Directive (MiFID II) were published at the end of September, but what does this major piece of European regulatory reform mean for the FX industry? Alongside the 552 page MiFID ...
AIMA Publishes Guide to Sound Practices for Cyber Security The Alternative Investment Management Association (AIMA) has published new cyber security guidance for hedge fund firms and other asset managers, setting out a number of steps that these firms should take in building up their cyber security defences. The AIMA ...
ESMA Publishes Final Technical Standards for MiFID II The European Securities and Markets Authority (ESMA) has published its final technical standards (TS) on the Markets in Financial Instruments Directive (MiFID II), the Market Abuse Regulation (MAR) and the Central Securities Depositaries Regulation (CSDR). The final technical standards implementing ...
FSB’s Cautious Welcome for Benchmark Reform Progress The foreign exchange industry has made “welcome progress” in implementing reforms to the benchmark fixing process, however the Financial Stability Board in its latest report on the matter says this progress has been “mixed” in some cases and that there ...
CFTC Settles With Bitcoin Exchange Over Wash Trades The Commodity Futures Trading Commission (CFTC) has settled charges against Bitcoin trading platform TeraExchange for failing to prevent "wash" and prearranged trading on its platform. Tera, which is provisionally registered as a Swap Execution Facility (SEF), is under the CFTC's ...
FSB Publishes Update on Market Reform Plan Following its meeting held in London last week, the Financial Stability Board (FSB) has issued an update to its ongoing plan to reform financial markets. On liquidity issues, something that dominated discussions at Forex Network Chicago last week, the FSB ...
Giancarlo Calls for Reassessment of “Flawed” Swaps Rules CFTC Commissioner Christopher Giancarlo has called for the Commodity Futures Trading Commission to revisit the Made Available to Trade (MAT) and swaps trading rules in a speech delivered at Forex Network Chicago. Discussing the “platform-controlled process” of MAT, Giancarlo noted ...
CFTC Officially Classifies Bitcoin as a Commodity The US Commodity Futures Trading Commission (CFTC) has decided to classify Bitcoin and other virtual currencies as commodities that are therefore subject to regulations under the Commodity Exchange Act (CEA). Last week the CFTC took its first action against an ...
ISDA CEO: Expected Timeline for Margin Rules “Impossible” It will be “impossible” for the industry to be ready for the new margin requirements for non-cleared OTC derivatives if the Commodity Futures Trading Commission (CFTC) sticks to its projected timetable for providing rules on this subject, according to International ...