Repo markets are back in focus for the Fed’s Treasury Market Practice Group
The US Federal Reserve’s Treasury Market Practice Group (TMPG) has focused this month on discussing the status of repurchase agreement (repo) clearing and settlement ...
SEC report highlights dealer threat to buy-side allocations in primary markets
US market regulator, the Securities and Exchange Commission (SEC), has reported buy-side firms feel pressured not to publicly speak out about the challenges of the new ...
Regulation & Market Structure: How the SEC and the Fed will change US bond markets in 2021
Transparency and structure is coming to the US Treasury and credit markets. The role of the Fed is changing and consequently the role of other agencies is changing to ...
European Commission pushes consolidated tape for primary and secondary bond market
The European Commission (EC) has set out a wide ranging process to “stimulate the openness, strength and resilience of the EU's economic and financial system” as it ...
EU-UK financial services regulatory framework to be agreed by March 2021
The draft Trade and Cooperation Agreement between the United Kingdom (UK) and European Union (EU), which has been supported by the Europe Union and is due to be voted on ...
ESMA corrects SI bond ranking to place BNP Paribas as second in Europe
The European Securities and Markets Authority (ESMA) has republished its ESMA Annual Statistical Report, now stating that the largest systematic internalisers (SIs) for ...
US regulators battle to define bond market structure
US market regulator the Securities and Exchange Commission (SEC) has engaged in a series of initiatives that could collectively bring more structure and standardisation ...
Editorial: Oversight of US bond markets is broken
Oversight of the US bond markets is broken. The world’s sixth largest bank by assets, JP Morgan, was able to manipulate the US Treasury market, the global benchmark for ...
CFTC & SEC: JP Morgan manipulated Treasuries market during flash crash period
Heath Tarbert, Chairman, CFTC.
EC’s new Capital Markets Union Action Plan drives equity consolidated tape forward
The European Commission has published a new Action Plan to boost the European Union's Capital Markets Union (CMU) over the coming years. The EU's top priority today is ...
Fed names new sellers to SMCCF including Jane Street, Tradeweb
The Federal Reserve Bank of New York has released the the first wave of additional counterparties that it has selected to support the Secondary Market Corporate Credit ...
TMPG: US Treasuries supply may strain market makers; Fed guidance a concern
Newly released minutes from the Federal Reserve’s Treasury Market Practices Group, an industry-led advisory body on market structure and trading, has indicated concern ...
ESMA: Hundreds of bond funds suspended redemptions in record-breaking March sell-off
A new report by the European Securities and Markets Authority has laid out how systemic risk might be created through funds’ inability to process redemptions during ...
SEC report on algo trading highlights lack of joint oversight
US markets regulator the Securities and Exchange Commission (SEC) has published a report to the US Congress on algorithmic trading in US debt and equity markets, ...
SEC creates unit to tackle emerging risks
The Securities and Exchange Commission has created the Event and Emerging Risks Examination Team (EERT) in the Office of Compliance Inspections and Examinations (OCIE). ...
