European Securities and Markets Authority (Esma)
European regulators undecided on initial margin rules for uncleared swaps
Counterparties will have to post variation margin on uncleared trades – but questions remain over which firms will have to post and collect initial margin
FSA: facing up to cross-jurisdiction conflicts
Juggling across jurisdictions
Esma: overburdened and under-resourced?
Esma under pressure
Margin rules for uncleared FX rest with regulatory working groups
Regulators must adopt a calibrated approach to mandated collateral so that short-dated FX swaps and forwards are not caught up in the rules unnecessarily, argue market participants
Fast-starting Esma will still run out of time, critics say
Esma has published a discussion paper on new clearing rules just five days after the high-level text was agreed - but a quick start and a three-month deadline extension might not be enough
CCPs fear prescriptive Esma standards on margin and risk
Esma could take key risk management decisions out of the hands of CCPs, according to new discussion paper on the technical standards required by European clearing rules
Emir clearing rules agreed - but calls grow for delay to Esma deadlines
Delays in the adoption of Europe's new clearing rules have eaten into the time Esma has to meet its June 30 rule-writing deadline
ETFs: moving beyond the synthetic-versus-physical debate
Under the microscope
Editorial: The age of the scapegoat
Has the popularity of exchange-traded funds turned them into the new regulatory whipping boys?
Esma: questions grow as Emir deadline looms
Esma under pressure
Czech central bank concerned over Esma's power
National supervisors should be responsible for their domestic institutions, says Czech National Bank
Esma aims for the middle ground with draft ETF guidelines
European Securities and Markets Authority reveals its long-awaited consultation paper on Ucits exchange-traded funds
Remit reporting requirements remain unclear
Remit continues to pose problems, as energy firms look for clarity on how to meet the requirements
CCPs should have last word on OTC clearing, says FOA
Supervisors should not be able to force clearing houses to accept certain classes of OTC derivative, says FOA's Belchambers
Fears over UK representation in Europe voiced in FCA report
Report by Treasury Select Committee reviews plans for new agency's role in European regulatory decisions
ETF providers defend themselves ahead of Esma proposals
As the ETF industry awaits Esma's proposed changes, participants continue to insist on their increased transparency and the need to move the debate forward
Delays hit Prospectus Directive amendments as European Commission proposes signature requirement
European Commission delays Prospectus Directive amendments and juggles with signature requirement
Middleware vendors face turf war with Sefs
Cutting out the middleware?
Mifid II sets up clash between voice trading and transparency
Voice in the wilderness?
UBS 'rogue trading' prompts call for new regulation
Recent events at UBS have prompted one industry expert to call for a specific rogue-trading regulation
Esma outlines aims for regulatory consistency
Consistent effort
BlackRock: More reforms needed for ETFs, beyond just transparency
Statement is beginning of "a series of recommendations" from BlackRock on ETF market, says iShares head of sales
Cool response to Esma proposal that strategy indexes comply with Ucits diversification rules
The European Securities and Markets Authority has asked whether diversification within strategy indexes should be judged within the confines of Ucits, while also requesting responses to a discussion paper on synthetic and physical ETFs