In the current period of post-Brexit limbo, questions are being asked over the fate of impending European regulations such as the Markets in Financial Instruments Directive II (MiFID II) which is due to come into force in 2018. While tempting to push it down the agenda — it has been continually delayed — financial institutions… Read More >>
Brexit Storm Rains On LSE, Deutsche Börse Merger
London Stock Exchange (LSE) shareholders may have given their approval to the planned £20 billion ($30 billion) merger with Germany’s Deutsche Börse but there is no guarantee that their relationship will weather the post-Brexit storm and this could pave the way for another suitor. In a joint statement after the Brexit vote, LSE and Deutsche… Read More >>
Some Pointers on Surviving the Brexit Bombshell
The non-binding referendum by which the citizens of the United Kingdom voted to leave the European Union (“Brexit”) is by now universally recognized as one of the greatest blunders of all time. This monumentally stupid decision is creating utter confusion, and exposing lies, political incompetence and social and political rifts in the U.K. that are… Read More >>
Brexit’s Biggest Impacts to Hit Over Next Two Years
In the run-up to the U.K. referendum, polls were showing that the remain camp was in front, albeit just, but as the night of June 23rd unfolded, it became clear that a slim majority of the British public voted to leave the European Union. It did not take long for David Cameron, the prime minister… Read More >>
Britain’s Vote to Leave Sinks Global Markets
The United Kingdom has voted 52 percent to 48 percent to exit the European Union bloc of nations, according to tabulations from the BBC, and the “Brexit” referendum outcome is roiling markets and driving down the value of the British pound sterling. In fact, the swift market reactions in Asia may cause the Bank of… Read More >>
Brexit Roundup: A Leave Vote is Bad for the U.S.
(Editor’s note: As the U.K. votes today on whether or not to stay with the E.U., FTF News decided to pull together some predictions and reactions from this side of the pond. All of the quoted material is available online for further investigation.) SIFMA Roundtable Predicts U.K. to Stay In a statement dated June 14,… Read More >>
ESMA Explores Blockchain’s Risks and Promise
It was only a matter of time before regulators wanted to lift the lid on blockchain and look deeper into the potential opportunities and challenges in the financial services sphere. The European Securities and Markets Authority (ESMA), an EU financial services watchdog, is throwing down the gauntlet with its recent discussion paper for public consultation… Read More >>
CME to Offer CCP Services in Europe
CME to Offer Clearing for Global Firms The Chicago Mercantile Exchange Inc. (CME) has gotten the approval of the European Securities and Markets Authority (ESMA) to operate in the European Union as central counterparty clearinghouse (CCP). The notice came as part of an ongoing update of approved CCPs based in third countries, according to ESMA… Read More >>
EU Firms Face Tight Deadline for MAR Compliance
The clock is ticking away for the Market Abuse Regulation’s (MAR) July 3 start date but there is still uncertainty about the final edict. The European Securities and Markets Authority (ESMA) has only just released its Q&A guidance and is expected to publish a final report by early Q3 2016, which is cutting it close…. Read More >>
Brexit Would Breed Chaos for London Firms: Report
With the European Union Referendum just over a month away on June 23, the arguments are flying fast and furious on both sides. For the undecided it is difficult to decipher the rhetoric but there is no doubt that leaving will plunge the country and the region into the world of the unknown and potentially… Read More >>
