As COVID-19 puts operational resilience in the regulatory spotlight, GreySpark considers the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) proposals on operational resilience, published just prior to the onset of the COVID-19 pandemic.
Since MiFID II’s research unbundling rules came into force in January 2018, the ‘value’ of research has become a pressing question. The regulatory intention being to eliminate any practice of inducements to utilise execution services by setting explicit fees for the distribution and receipt of research materials.
In 2019, EU financial markets regulatory authorities imposed fines and other sanctions on a number of firms and institutions that failed to provide sufficient evidence of their ability to implement effective and efficient market abuse risk management measures.
When considering the potential impact that the EU’s General Data Protection Regulation (GDPR) could have on the entirety of the bloc’s corporate economic sector, look no further than the findings of an April 2017 Veritas survey in which 20% of the 900 respondents – characterised as “senior business decision makers” – expressed concern that, globally, non-compliance could put them out of business.
The European Market Infrastructure Regulation (EMIR), which was adopted into EU law in 2012 as a new piece of legislation governing OTC derivative trading and transparency across the bloc, is set for a series of updates by the end of 2017.
This article is the fourth in a series of articles that will be published on GreySpark’s Capital Markets Intelligence Web site over the coming months.
This article is the third in a series of articles that will be published on GreySpark Partners’ Capital Markets Intelligence Web site over the coming months.
The implementation of new EU transaction reporting regulations in 2018 will alter the ways in which the front-office of buyside firms and investment banks interact with clients as well as put additional pressure on back-office systems.