Market Abuse Monitoring Goes Forensic

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For those overseeing the orderly conduct of trading, the Market Abuse Regulation (MAR) in mid-2016 introduced some significant challenges.

As EMIR 1.5 Enters into Force, EMIR 2.0 Could Soon Follow

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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.

E-trading Governance ups the Pace

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High-performance algorithmic trading is no longer the privilege of a few high-tech trading firms leveraging cutting-edge, specialised infrastructure.

The Fundamental Review of the Trading Book: Grey Areas, Uncertainty and Business Impact

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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.

PSD2: Unlocking Opportunity with Open APIs

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The EU’s Revised Payment Services Directive (PSD2) is a fundamental piece of payments industry legislation adopted by European Parliament in January 2016.

The Fundamental Review of the Trading Book: An Assessment of Technology Vendor Implementation and Compliance Solutions

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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.

Peering Through the Looking Glass: Preparing for the Onset of EU Transaction Reporting Regulations

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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.

The Fundamental Review of the Trading Book: Potential Impacts

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Sellside FICC trading business models are targeted for reform under the Basel Committee’s Fundamental Review of the Trading Book proposals. This article explores how the long-standing businesses within banks are subject to change under the regulations and what the implications of these changes will be for the industry as a whole.

Video: Mastering MiFID II — Research Unbundling

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George Kao, Founding Partner speaks to Saoirse Kennedy, Senior Consultant of GreySpark Partners on the impact that the second iteration of the EU’s Markets in Financial Instruments Directive (MiFID II) will have on the investment research marketplace and its competitive environment.

The Fundamental Review of the Trading Book: An Overview

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This opinion piece explores the reasons why GreySpark Partners believes that the forthcoming implementation of the Fundamental Review of the Trading Book regulations means that it is imperative that banks rethink their risk infrastructure and develop a plan for compliance.

RegTech: The Regulatory Landscape is Creating a Perfect Storm of Innovation

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If a perfect storm is an event in which a rare combination of circumstances drastically aggravates the circumstances of an existing situation, then the growing trend within the fintech industry...

EU Asset Managers Preparing for PRIIPS Regulations Must Keep One Eye on UCITS Rules

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The recent financial crisis exposed some glaring weaknesses in the EU’s financial markets regulatory frameworks governing the distribution and sale of retail investment products such as funds to the region’s...

MiFID II Delays are Reducing Tech Debt, Not Increasing It

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Delays in the publication of all of the Regulatory Technical Standards (RTS) for the EU’s Markets in Financial Instruments Directive (MiFID II) proposals are having an interesting, observable and positive...

OTC Derivative Reforms in Australia – What do the New Reporting Rules Mean for You?

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OTC Derivative Reforms in Australia Australia’s OTC derivative reforms provide a framework for the regulation of OTC derivatives reporting, central clearing and trade execution and affect almost all participants in...

Dark Pool Trading Increasing Amid Regulatory Concerns

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This article was originally published in Bloomberg Brief's Economics Asia on Aug. 7, 2014. Dark Pool Trading Increasing Amid Regulatory Concerns There is still a great deal of secrecy surrounding dark...

Rising Bilateral Trade Costs to Impact Australian OTC Market

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 This article was originally published in Bloomberg Brief's inaugural Financial Regulation Asia-Pacific Region Special on Aug. 1, 2014. GreySpark’s Shekar Says Rising Bilateral Trade Costs to Impact Australian OTC Market...

Forgotten Allies: The Impact of Regulations on Independent Software Vendors

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There is plenty of analysis and commentary on how capital markets regulations are altering the market structure of a number of different asset classes, affecting the ability of buyside firms,...

OTC Reforms in Australia: What Does the Future Hold?

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As OTC derivatives regulation moves into the realm of ‘business as usual’ for many trading counterparts in the US and EU, Australia has only taken tentative steps forward in transforming...

Trade Repositories: Global Market Transparency is not Yet a Reality

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New capital markets regulations in Australia, the EU, US and in some Asian countries mandate reforms to the trading of OTC derivatives and the structure of markets for the products....

OTC Derivatives Reforms: Fixing the Gaps in Regulatory Compliance

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The EU and US recently rolled out two historic capital markets regulations, both of which are intended to increase transparency in the global OTC derivatives market following the financial crisis....