EMMI drops Euribor+ methodology due to low transaction volumes
The European Money Markets Institute (EMMI), a non-profit group established by national banking associations in the European Union, has dropped the Euribor+ methodology, designed to...
Volcker repeal plans challenged
Ditching the Volcker Rule would have a limited effect on liquidity, but the enthusiasm for change exists. David Wigan writes.
The Volcker Rule has been...
Bloomberg: Banks face FRTB data and modelling hurdles
Banks facing challenges in their implementation of the Fundamental Review of the Trading Book (FRTB), the rules issued by the Basel Committee for Banking...
Hahn vows to continue drive for EU bond sovereign status
Johannes Hahn, commissioner responsible for budget and administration at the European Commission (EC) has said the organisation intends to continue its push for bonds...
Asset managers could avoid tying up collateral under new uncleared margin rules
The majority of asset managers dragged into new uncleared margin requirements over the next two years could avoid tying up capital altogether, but still...
EC suspends best execution reporting which is “not read at all”
The European Commission (EC) has adopted a Capital Markets Recovery Package, as part of the Commission's overall coronavirus recovery strategy which includes increased leniency...
Chatham Asset Management fined for improper bond trading
The Securities and Exchange Commission (SEC) has charged New Jersey-based Chatham Asset Management and its founder, Anthony Melchiorre, in connection with improper trading of...
Europe’s pension fund managers face rising margin costs as EU clearing exemption deadline looms
European pension fund managers are facing rising margin costs thanks to the increased cost of financing additional collateral payments just as the EU’s clearing...
FCA fines former BAML bond trader for spoofing
By Flora McFarlane.
The UK’s Financial Conduct Authority (FCA) has fined a former Bank of America Merrill Lynch bond trader £60,090 for engaging in market...
Coding error triggers US$7 million fine for Citadel
The Securities and Exchange Commission has settled charges against broker-dealer Citadel Securities for violating a provision of Regulation SHO, the regulatory framework designed to...
