Derivs - Regulation

The European Securities and Markets Authority (ESMA) on Wednesday clarified that position limits under MiFID II will not apply to commodity derivatives traded on third-country trading venues, should certain criteria be met.

A new global code of conduct for the FX market was published in London on Thursday by a group of central banks. It calls for more “ethical” behaviour among market participants.

UK corporates are preparing for the large UK banks to bring down their ring-fences, a move that could shake up the banking landscape and push more corporates to sign credit support annexes with their banks.

IHS Markit on Wednesday unveiled its Outreach360 platform, a tool that allows counterparties to contact each other for regulatory and data gathering purposes as they work to comply with the Markets in Financial Instruments Directive II (MiFID II).

NEX Optimisation on Tuesday announced a restructuring of its business in preparation for its new NEX Infinity platform, which uses distributed ledger technology and brings together transaction optimisation services under one roof.

Acting Commodity Futures Trading Commission chairman Christopher Giancarlo courted the Fintech industry in a speech on Wednesday, promising to “transform” the agency into a “21st century digital regulator”.

The Commodity Futures Trading Commission has again extended no-action relief for the Shanghai Clearing House (SHCH), advocating against enforcement action for failing to register as a Derivatives Clearing Organisation (DCO).

Tradeweb Markets, the provider of OTC derivatives trading platforms, has signed up a number of big banks to its Approved Publication Arrangement service, it said on Monday.

Another year, another ISDA conference. But this wasn’t just any other year. With variation margin requirements in the rearview mirror, MiFID II looming in 2018 and the question of London euro clearing troubling many, the trade body had a lot of questions to tackle in just two packed days of panels and speeches.

The European Commission hardened its stance on a clearing exemption for pension funds on Thursday as the final version of a proposed piece of legislation reduced the potential scope of the grace period to five years.

The European Commission aims to introduce a mechanism that will allow it to “temporarily suspend” clearing obligations for certain OTC derivatives products or counterparties if requested to by the European Securities and Markets Authority (ESMA).

The European Stability and Risk Board (ESRB) has backed calls to introduce a mechanism that will allow regional authorities to rapidly suspend clearing obligations, highlighting that the measure should only be used in “crisis periods."