Fiona Maxwell
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Articles by Fiona Maxwell
US regulators not backing down in leverage ratio stand-off
Yellen, Gruenberg and Curry offer no concessions to agriculture committee
Europe edges closer to final Emir clearing timeline
Deadline could arrive in mid-June; pressure to resolve EU-US dispute grows
New firm to join EU derivatives repository melee
Two years into regime, Abide Financial targets trades it sends to Regis-TR
US politicians renew push for change to leverage ratio
Agriculture committee ups pressure on Fed over client margin
Mifid II delegated acts unlikely before end-2015
Further delay to rules could leave firms scrambling to prepare for implementation
Banks and platforms brace for Mifir privacy reporting wrangle
Mifid II reporting could breach third-country privacy laws
Mifid II threatens best execution data 'nightmare'
Buy- and sell-side critics attack requirement to publish all RFQs
Esma delays EU clearing of Nordic currency swaps
Lawyers flag fears that EU banks would lose customers in non-EU member Norway
Banks underwhelmed by post-trade disclosure relief for packages
Mifid II RTS stop short of easing pre-trade transparency requirements
Mifid changes will avert 'race-to-the-bottom' pricing – industry
Market participants praise Esma's move to relax pre-trade transparency requirements for RFQ
Expected delay to non-EU CCP approval risks frontloading panic
Lawyers fear scramble to close out trades
Confusion reigns over Mifid transparency in forex
Banks could still be forced to disclose quotes under Mifir despite Mifid reprieve
End-users and banks seek radical change to Emir reporting
Corporates willing to write off sunk costs in move to single-sided regime
Mifid II delegated acts shelved until November – FCA
FCA official says 14 elements of Mifid II will be held up; research row blamed
Esma ‘determined’ to finalise Mifid II rules in September
Market has been expecting delay; timeline will hinge on board meeting this week
CCP stress tests could help buy side pick winners
BlackRock exec calls for standardised test before European clearing starts
Industry expecting Mifid II delay
September 24 deadline likely to be missed, banks and lobbyists fear
Mifid II price tiering guidance unlikely, say dealers
Banks warn vague rules "like the Rorschach test" and need clarification
Banks bemoan data gap in Mifid II systematic internaliser test
Required EU trading data non-existent, dealers complain
Pension funds in limbo as EC leaves Emir exemption gap
Funds could be subject to CVA charge for period of weeks or months
Corporates fear end to Emir's hedge exemption
Counting all trades towards clearing threshold ‘would be a nightmare’
EBA proposes trade-by-trade CVA test for non-EU corporates
Banks would have to check whether exemption applies each time they trade
Esma urges EC to bin frontloading
Benefits of retroactive clearing are "undermined" by its drawbacks, Esma finds