The UK Financial Conduct Authority has put to bed market concerns around how the unofficial three-month delay directed by ESMA yesterday will affect SFTR’s backloading requirements
19 March 2020Washington DC Reporter: Natalie Turner
The US Commodity Futures Trading Commission has finalised a one-year extension of the initial margin compliance under UMR to allow firms more time to combat the business disruption caused by the coronavirus
Bank of England has reduced its overnight funding rate for a second time to help inject much-needed liquidity into the country's markets amid widespread disarray brought on by the COVID-19 pandemic
ESMA says it is enforcing this precaution under the exceptional circumstances of the COVID-19 pandemic and that is making it essential for authorities to monitor the markets to ensure financial stability and investor protection
The EU watchdog has endorsed several long-term bans on all forms of short positions following several days of extreme volatility driven by the COVID-19 pandemic
ISLA and ICMA have sent a joint letter to ESMA requesting a delay to SFTR until October to mitigate the huge strain put on in-scope firms to meet the current April deadline in the midst of a global pandemic
The FCA has so far stopped short of imposing a short selling ban on any UK stocks and is unlikely to do so, according to Nick Bayley, managing director and head of Duff & Phelps’ compliance and regulatory consulting practice
The ban is in effect for Friday’s trading sessions and applies to all liquid shares whose price has fell by more than 10 percent and all illiquid shares whose price that fell by more than 20 percent on Thursday
