Mifid II: industry calls on Esma to improve FIRDS data quality

Author: Lizzie Meager | Published: 22 Mar 2018
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Mifid II: industry calls on Esma to improve FIRDS data quality

Esma's central reference database is integral to Mifid II's drive towards transparency, but according to transaction reporting heads and trading venue regulatory specialists it's full of mistakes and gaps. With little progress made on correcting those mistakes so far, firms fear a backlog of old reports will need to be re-evaluated in future. While derivatives are causing the most confusion, bonds are also suffering at the hands of Mifid II's transparency obligations Read more...

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It's been close to a year since the FCA announced plans to phase out Libor by 2021, but little has actually changed so far. With up to $370 trillion worth of contracts based on it, this lack of consensus is a concern. Practice Insight is investigating how the market is responding to the FCA’s speech in documentation and pricing, how firms plan to approach the transition, and what participants really look for in a benchmark. Have your say now Read more...

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