Five Regulators Move Volcker Rule Deadline to Oct. 17 Securities industry participants will get more time to weigh in on the very controversial Dodd-Frank Era “Volcker Rule,” which in its initial form prohibits proprietary trading and banks from owning hedge funds or private equity funds. Five federal financial regulatory agencies have agreed to extend until… Read More >>
ESMA Sets Final Deadline for LEI Applications
The European Securities and Markets Authority (ESMA) will not be extending its deadline for the Legal Identity Identifier (LEI) application process, and financial services firms will have to apply for their LEIs by July 2, officials say. “The temporary period allowing for a smooth introduction of the use of Legal Identity Identifiers (LEIs), originally brought-in… Read More >>
75,000 London Jobs in Financial Services Could Exit with Brexit
As the Brexit negotiations stagnate, there is a concern that U.S. banks will trigger their contingency plans and move thousands of jobs out of London before any Brexit deal is struck. Speaking before peers on the House of Lords E.U. financial affairs sub-committee on November 1, Sam Woods, a deputy governor of the Bank of… Read More >>
