EU and UK to rework flawed identifiers for swaps transparency
European Commission and FCA both plan to consult on Mifir replacement for unpopular Isins
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European Commission and FCA both plan to consult on Mifir replacement for unpopular Isins
Lawyers say Esma’s incoming pre-hedging guidance could make firms liable for multimillion-euro fines
4 Min Read LONDON (Reuters) - Britain is set to allow banks to continue trading derivatives in the European Union after a review this month, given that pulling down the shutters would not bring back the trillions of euros in business lost since Brexit. Britain’s trade deal with the EU since January does not cover financial services, leaving the City of London largely cut off from the bloc, which had banned EU customers from using UK platforms for trading swaps. Hours before Britain’s full departure from the EU on Dec. 31, the Financial Conduct Authority announced that despite the EU refus...