MiFID II is here – but compliance is delayed
The revised Markets in Financial Instruments Directive came into force today, but there are delays and doubts over whether the legislation can achieve its aims
Dealing & Trading
Background
All corporate treasury departments deal in one or more of the following financial instruments: FX, money market, interest rate derivatives, equities and commodities. Mostly the corporate treasury…
Read moreIn 2018 evolution speeds up as payment fraud declines and Bitcoin hits reality
by Bob Stark, VP Strategy, Kyriba Corporation
Bob Stark, VP Strategy at Kyriba makes his 2018 predictions on: Payments fraud, Faster payments, Hedging, Lease accounting, CISO and treasury, Robotics and Tax reform
Blockchain is the answer……… but it’s not a panacea
Deloittes enthusiasm for Treasury & Blockchain revealed at EuroFinance in Barcelona
Top 10 market structure trends to watch in 2017
A report by Greenwich Associates says many of the most important changes in financial market structure in 2017 will be driven by two disruptive factors: technology and Trump
Integrated platform for both internal / external FX trading and exposure management
Thomson Reuters Electronic Trading platform enables corporates to run their day to day trading activities and manage internal/external rates, and exposures
62% of OTC trades centrally cleared – BIS surveys
More dealers are clearing over-the-counter interest-rate derivatives through central counterparties but central clearing is far less common for other types of OTC trades, according to the BIS.
ESMA seeks to consolidate MiFID rules on trading halts in volatile markets
European markets could make more use of trading halts if there is significant price movement in a related market, following a public consultation announced by ESMA.
ESMA launches public consultation on distributed ledger technology
ESMA is seeking feedback from stakeholders on the possible use of DLT in securities markets, its potential benefits and the risks that such broader use may pose.
ESMA replies to EC on treatment of commodity derivatives trading under MiFID II
The European Securities and Markets Authority has published an official opinion on MiFID II and MiFIR, in response to comments from the European Commission.
Target2’s turnover decreases due to TS2 and economic sluggishness
Changes in financial market infrastructure, with more migration to TS2, and slow economic growth in Europe are behind the 4.6 per cent decrease in turnover announced by Target2.
IBA calls for input on how corporates use Libor
ICE Benchmark Administration (IBA) has published a paper setting out the roadmap for the evolution of the London inter-bank offered rate (Libor) benchmark.
Taiwan may curb lending to derivatives defaulters
Taiwan's financial regulator is considering measures to protect its banking sector from FX and trading risk by enabling banks to check corporate derivatives trading records, reports The Corporate Treasurer.
CTMfile web-site revamp: faster, & more responsive design for all devices + RANTS
Hear the anguish in our RANTS and enjoy the clarity and speed on your desktop, tablet and phone
EC adopts central clearing rules for certain credit derivative contracts
The European Commission has adopted a new set of rules that requires certain over-the-counter (OTC) credit derivative contracts to be cleared through central counterparties (CCPs).
Seven ways the financial industry can benefit from blockchain technology
Euroclear and Oliver Wyman have jointly published a white paper on the potential of blockchain technology and how it could be used and adopted.
Ultimate ordering system: integration with daily processes NOT separate solution
First shopping app integrated into a refrigerator: MasterCard and Samsung launch Groceries by MasterCard App in USA
triReduce CLS Forward FX Compression Service cuts FX trading risk + other benefits
CLS enhances financial stability by providing risk mitigation and operational services for the global FX market using portfolio compression
Why do we need Target2-Securities?
The European Commission's banking and finance October newsletter explains exactly what Target2-Securities (T2S) is and why we need it.
ESMA publishes technical standards on MiFID II, MAR and CSDR
The European Securities and Markets Authority has published its final technical standards on some of the most important legislative measures to be introduced following the financial crisis of 2008.
Markit launches a centralised FX trade confirmation service
Leading banks and 50 asset managers sign up for the new service
ACT responds to FRAND benchmarks consultation
The ACT has responded to a consultation on financial benchmarks issued by the Financial Conduct Authority.
FX added to MyTREASURY to allow treasurers to trade FX and MMF on single screen
EBS BrokerTec integrates MyTreasury into product portfolio, entering the corporate client segment and Money Markets as ICAP continues its strategy to expand its electronic offerings
Thomson Reuters adds FXall trading capability into Eikon for corporate treasurers
FXall QuickTrade is now integrated into Eikon so corporates can now access 140 FXall liquidity providers and trade on their prices from within the same screen
ESMA publishes updated list of authorised CCPs
An updated list of central counterparties (CCPs) has been published by the European Securities and Markets Authority (ESMA).