Weekly Roundup | Best of the Web | 9 April 2014
ESMA Sheds Light on Supervision of TRs
The European Securities and Markets Authority (ESMA) has published a summary of its 2014 supervisory work plan in relation to EMIR trade repositories (TRs). DRS: ESMA Sheds Light on Supervision of TRs.
Another CCP Achieves Authorisation
ESMA announced that EuroCCP is now authorised under EMIR for equity products both OTC and on Exchange, the details of which can be seen on the ESMA website over here.
Misys Launches EMIR Reporting Service for Derivatives
Misys, a provider of software solutions to the financial services industry, has launched a new regulatory reporting service, enabling institutional investors comply with new European Market Infrastructure Regulation reporting requirements. Securities Technology Monitor: Misys Launches EMIR Reporting Service for Derivatives.
MiFID II to Calm the US HFT Storm?
While the US HFT debate rages and the FBI launches its investigations, Europe is quietly preparing to set a hard-hitting set of new rules for technical standards. RegTechFS: MiFID II to Calm the US HFT Storm?
CFTC Nears Cross-Border Clearing Framework
The CFTC is close to reaching a decision to adopt a substituted compliance framework for derivatives clearing organisations operating overseas, according to comments from the agency’s acting chairman and non-US clearers close to the regulatory discussions. IFR: CFTC Nears Cross-Border Clearing Framework.
Pinging: Who is the Predator, and Who Is the Prey?
The debate over Lewis’s Flash Boys is generating more informed commentary than the book itself. One thing that is emerging in the debate is the identity of the main contending parties: HFT vs. the Buy Side, mainly big institutional traders. Streetwise Professor: Pinging: Who is the Predator, and Who Is the Prey?
Traders Say They Are Not “Too Big to Fail”, Clearing Houses May Be
(Reuters) – The world’s regulators should stop worrying whether trading houses are “too big to fail” and focus instead on ensuring that new rules are not forcing far too many deals through clearing houses, major commodity traders said on Tuesday. CTRM Center: Traders Say They Are Not “Too Big to Fail”, Clearing Houses May Be.
Wider Clearing Scope Will Create Risk, Warns Goldman Exec
If clearing mandates are expanded to include less-liquid products, the market will struggle to provide hedges in the event of a dealer default, conference is told. Risk: Wider Clearing Scope Will Create Risk, Warns Goldman Exec.