A roundup of this week's news in regulation, featuring SFTR, TLAC, Brexit and Libor reform, plus the industry finally making progress with regulators on Priips
A lack of investor education may be to blame, but here analysts on both buy and sellside argue that the unpredictability of bail-in regimes is a far bigger concern
The new directive is reshaping trading activities, giving low-frequency strategies an edge and driving a shift towards large-in-scale as the buyside gets more comfortable with the new environment
In the latest example of the new directive's extraterritorial reach, here portfolio managers and research providers explain that just six months in, the unbundled model has already become the norm
Tim Bowler, CEO of the Intercontinental Exchange's benchmarks arm tells Practice Insight why the entire banking industry's cooperation is needed to keep Libor alive
SIs are worried that the poor quality of data will impede future policy decisions, with a knock-on effect on market structure. Esma, meanwhile, is on the defensive
Transaction reporting is not new, but the personal data requirement may be a game-changer for US banks. Here in-house sources detail their latest solution. It was popular when Dodd-Frank became effective, but some say it flouts the EU's new directive
The third instalment of Practice Insight’s benchmark reform poll looks to a fragmented future, either with or without Libor. There’s consensus on an underlying transaction basis and division on counterparty credit risk
Part two of Practice Insight’s Libor reform poll finds more divisions in the market, with fragmentation expected for both regions and products. Disputes, particularly in swaps markets, are also highly likely. Part three will be published next week
Transparency obligations for packaged transactions are still causing confusion. Some firms are conducting the assessment at package level, while others are breaking the deal down into individual components. While both approaches are fine from a regulatory perspective, Isda continues to work with the industry towards consensus
