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Thursday, 11 February 2016

Regulation

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UPDATE – Morgan Stanley to pay US$3.2bn to settle financial crisis-era charges

11 February 2016

(Reuters) - Morgan Stanley will pay about US$3.2bn to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials said Thursday.

Timothy Massad

UPDATE – US, EU regulators agree on CCP equivalence

10 February 2016

Regulators in the US and Europe have ended a stalemate over the cross-border recognition of each other’s frameworks for the clearing of over-the-counter derivatives.

European Commission headquarters in Brussels

European Commission confirms one-year MiFID delay

10 February 2016

The European Commission has confirmed a widely anticipated one-year delay to the revised Markets in Financial Instruments Directive, giving market participants more time to prepare for implementation.

A KfW bank branch in Frankfurt

EU investigating possible rigging of debt market, sources say

10 February 2016

(Reuters) - EU antitrust regulators are investigating several banks for possible rigging of the US$1.5trn government-sponsored bond market, two people familiar with the matter said on Wednesday.

The US Securities and Exchange Commission headquarters in Washington

US SEC approves rules for swap dealers on US soil

10 February 2016

(Reuters) - The US Securities and Exchange Commission on Wednesday approved rules governing swaps that involve foreign dealers with trading desks on US soil.