The process by which the U.K. will leave the European Union, known as Article 50, is on course to be triggered by the end of March, following a vote in favor of the Article 50 Bill by the British members of Parliament on Feb. 8, endorsed by the House of Lords later in the month after thorough debate.
CONTINUE READINGOn Feb. 17 FIA submitted a letter to the Federal Reserve Board requesting more careful study before the regulator moves forward on proposed requirements that would restrict bank activities in physical commodities.
CONTINUE READINGThe U.S. equity markets have moved a step closer to establishing a consolidated audit trail for equities and equity options that will track all orders throughout their lifecycle, addressing a major weakness in the ability of regulators to monitor these markets.
CONTINUE READINGOn Feb. 3, President Trump issued an executive order outlining seven core principles for financial market oversight and calling on regulators to review existing laws and regulations to determine if they promote these principles.
CONTINUE READINGThe Japan Securities Clearing Corporation, the clearinghouse owned by the Japan Exchange, has extended the availability of its cross-margining service to customers.
CONTINUE READINGThe Autorité des Marchés Financiers, France's market regulator, announced in January that it is launching an effort to modernize its system for monitoring market activity and enhance its ability to detect, analyze and investigate suspicious activity.
CONTINUE READINGSteven Maijoor, the chairman of the European Securities and Markets Authority, called for "an ambitious EMIR review" in a Jan. 23 speech in Amsterdam.
CONTINUE READINGJust before Thanksgiving, the Chicago trading community joined together with some of the city’s leading tech and start-up firms to raise money for technology education… and battle for table tennis glory.
CONTINUE READINGAxoni, a developer of distributed ledger technology for the financial services industry, raised $18 million in capital in December in its first big round of funding from banks and venture capital investors.
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