European Union (EU)
Europe's carbon market begins long road to recovery
A critical July 3 vote in the European Parliament has brought the world's largest carbon market back from the brink of collapse. But participants say structural reform remains necessary to secure its future – and this is a long way off. Mark Nicholls…
Hedge fund managers not ready for AIFMD
Two-fifths of hedge fund managers are waiting for the finalisation of EU regulations before taking action to become compliant, according to a survey by Preqin on implementation of AIFMD
FCA to scrutinise funds' op risk, expert warns
EU Alternative Investment Fund Managers Directive requires greater formality over op risk
Bond investors attack design of new Tier I capital
Traditional bond buyers worry about tail risks in CRD IV-compliant capital instruments, but analysts are predicting up to €200 billion of issuance
Editorial: Taxing times
Asia's response to the EU's proposed financial transaction tax is a sign of the region's refusal to accept the extraterritoriality of western regulations willy-nilly
Disharmony hits EU
Fighting back
Electoral shifts raise risk of European tipping point
Tipping point?
Extraterritorial EU legislation likely to be ‘particularly onerous’ on Asia – Asifma
Extraterritorial aspects of European legislation such as Emir likely to be keenly felt by Asian firms, says Asifma
Emir futures margin rules create 'regulatory arbitrage'
Clearing house and commodity traders voice concerns about European firms going to US due to Emir CCP standards
EU equivalence requirements set to hit trade with India
India has no plans to become an equivalent country under EU regulations on financial services. India’s decision is likely to foreshadow problems with other emerging countries trading with the EU
Isda AGM: Clearing will magnify European FTT, warns UniCredit’s Lim
Planned one-basis-point charge will be levied multiple times in cleared trades – and could “kill the market”
US warns EU over financial transaction tax
The US will not allow the EU financial transaction tax to happen, according to the head of US Chamber of Commerce Thomas Donohue. Co-ordination between G-20 countries on financial regulation is needed
Law firm of the year: Morrison & Foerster
OR&R recognises a law firm that successfully guided clients through regulatory confusion and the interpretation of sometimes competing items of financial legislation
Hedge funds face continued global economic uncertainty
Search for meaning
NWE power market coupling struck by delays
A tough nut to crack
Esma says national regulators must decide product eligibility for third-country CCP transition period
The European Securities and Markets Authority has addressed some of the concerns over which third-country CCP platforms and products are eligible for the transitional period, which begins on March 15
Uncertainty over Emir may force European banks from some Asia OTC markets
The deadline is approaching for regulators to establish what European banks can clear and where on Asian CCP platforms ahead of OTC market standards going live from March 15
Europe edges towards three-pronged CVA exemption
CRD IV set to exempt trades with corporates, sovereigns and pension funds
Mifid obstructing cloud computing at European banks
Vendor contracts may not be flexible enough to satisfy outsourcing rules
Lack of clarity over clearing provides problems for Asia banks
The deadline set by the G-20 to clear all standardised OTC derivatives has passed but a lack of regulatory clarity over the shape of reform is hampering banks in the region
European energy firms struggle with unclear Remit rules
Uncertain remit
Carbon price sinks as EU vote is delayed
The European Commission is proposing to cut the supply of European Union Allowances to bolster prices, but delays to the plan are causing prices to sink, reports Gillian Carr
Energy Risk Europe: The challenge ahead
Threats and challenges