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ICMA publish repo bible


05 March 2014 London
Reporter: Stephen Durham

ICMA鈥檚 European Repo Council (ERC) has launched its updated guide to best practice in the European repo market, which gives practical guidelines for traders and legislators alike...
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SEC hits Credit Suisse for almost $200 million


24 February 2014 Washington DC
Reporter: Mark Dugdale

Credit Suisse has agreed to pay $196 million after admitting that it broke US securities laws when it provided cross-border brokerage and investment advisory services without registering with the 麻豆传媒 and Exchange Commission...
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ISLA welcomes ESMA's easing on collateral


20 February 2014 London
Reporter: Georgina Lavers

ESMA鈥檚 proposal to ease up on certain collateral diversification rules contained in its guidelines for ETFs and other UCITS has been met with open arms by the International 麻豆传媒 Lending Association...
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EU's rejection of UK shorting appeal is "skeletal"


13 February 2014 London
Reporter: Georgina Lavers

The EU court鈥檚 decision to reject Britain鈥檚 appeal over short selling is skeletal and in parts opaque, but there is no avenue of appeal, said lawyers from Mayer Brown...
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ESMA bulldozes over British pleas on short selling


23 January 2014 Brussels
Reporter: Georgina Lavers

The UK government鈥檚 efforts to curb the power of EU financial watchdogs were in vain, after it was ruled that Brussels has the power to ban short selling...
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GSF: hair-cutting remarks


22 January 2014 Luxembourg
Reporter: Georgina Lavers

Bilateral business is attracting repo participants because central counterparty (CCP) haircut policies are too onerous, said a panel of experts at the 18th Global 麻豆传媒 Finance Summit in Luxembourg...
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Question of Volcker Rule foreign coverage answered


20 January 2014 New York
Reporter: Georgina Lavers

Frank Mayer, Timothy McTaggart and Jonathan Levin of law firm Pepper Hamilton LLP have asserted that 鈥渓ocation, location, location鈥 is the most important aspect of the Volcker Rule鈥檚 requirements on foreign banking entities...
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Anticipated 鈧50bn cash-flow drag from FTT


15 January 2014 London
Reporter: Georgina Lavers

There will be an estimated an annual cash-flow drag of 鈧30鈥50 billion resulting from the Financial Transaction Tax, suggested a report...
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FINRA slaps Deutsche with $6.5 million fine


23 December 2013 Washington
Reporter: Georgina Lavers

The Financial Industry Regulatory Authority (FINRA) has fined Deutsche Bank 麻豆传媒 $6.5 million due to financial and operational deficiencies in its enhanced lending programme...
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IOSCO publishes regulatory issues report


17 December 2013 Madrid
Reporter: Daniel Jackson

IOSCO made four recommendations that seek to promote market liquidity and efficiency, price transparency, and investors' execution quality in a fragmented environment...
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SEC approves new FINRA lending rules


12 December 2013 Washington DC
Reporter: Mark Dugdale

New rules in the US on securities loans and borrowings, permissible uses of customers鈥 securities, and callable securities have received 麻豆传媒 and Exchange Commission approval...