Europe News
The latest industry and regulatory news affecting Europe and the U.K.
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Press release: Turning The Tables On Liquidity Provision – Download The Report
Europe’s trading landscape is being fundamentally reshaped as asset managers transform from ‘liquidity takers’ to ‘liquidity makers’. Our new report Turning the Tables on Liquidity Provision lays bare the changes taking place in the UK and EU’s capital markets as the after-effects of the pandemic continue to be felt. In particular, equity and fixed-income markets are at the point of a radical shake-up as the buyside settles into the liquidity driving seat. And the impact has prompted calls for the current regulatory rulebook to be overhauled to keep pace with the changes, or risk falling behind.
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Derivatives industry cautiously optimistic on UK clearing proposals
Bank of England says it will not "politicise" how it supervises non-UK CCPs
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FIA Statement on Commissioner Mairead McGuinness comments on central clearing
A today issued the following statement on Commissioner Mairead McGuinness announcement on the proposed way forward for central clearing:
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EU's Fit for 55: What it means for derivatives markets
Ahead of the United Nations' COP26 climate conference, FIA's MarketVoice looks at the EU's "Fit for 55" climate package and its implications for the global derivatives markets.
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FIA responds to ESMA on EMIR trade reporting
FIA submitted a response to ESMA's consultation on September 30 on the draft Guidelines for derivatives reporting under EMIR that highlights key areas where additional clarity and guidance is required from ESMA to ensure consistent interpretation and implementation of reporting rules to enable improved data quality, accuracy and completeness of reported data under EMIR Refit.
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#WeAreMarketMakers Campaign Launched To Promote Better Understanding Of Market Making Firms In Europe
A new campaign to promote better understanding of modern market making, what it does and its benefits for wider society, has been launched today. #WeAreMarketMakers is a campaign by FIA EPTA, the European industry body for independent market making companies, as part of its 10th Anniversary activities. The project is not only supported by FIA EPTA’s 30 member firms, but also by others in the markets community that work directly with and alongside the industry.
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CCP recovery and resolution comparative review between FSB, EU and UK frameworks
FIA and ISDA have initiated a comparative review produced by Allen & Overy between the EU, UK and FSB CCP recovery and resolution frameworks. The UK framework includes HMT’s proposals for an expanded resolution regime (February 2021).
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FIA contributes comments to UK HM Treasury’s Wholesale Markets Review
FIA commented on the HM Treasury’s (HMT) Wholesale Markets review as part of the UK government’s efforts to establish how UK markets should adapt following the UK’s departure from the EU.
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FIA and ISDA respond to ESMA’s consultations on CCP recovery & resolution
On 20 September, FIA and ISDA jointly responded to ESMA’s seven consultations on recovery-related topics in the CCP R&R regulation (CCPRRR).
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FIA EPTA response to the FCA Consultation Paper on a new UK prudential regime for MiFID investment firms (CP21/26***)
FIA EPTA appreciates the opportunity to provide feedback to the Financial Conduct Authority (FCA) on its third Consultation Paper regarding the implementation of the new UK prudential regime for MiFID investment firms. This document constitutes FIA EPTA’s response to the FCA’s Consultation Paper on a new UK prudential regime for MiFID investment firms (CP21/26). We welcome the FCA’s approach as set out in the Consultation Paper and agree that the FCA’s proposed rules are clear, proportionate and fit for purpose. In our response, we focus only on a limited number of areas where we believe further improvements or clarifications could be made to enable a proportionate, effective and practicable prudential regime for investment firms.
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