Dublin's International Financial Services Centre (IFSC) employs over 38,000 people and is home to some of the world's leading financial institutions; industry stalwarts such as Merrill Lynch, ABN Amro, JP Morgan. But in recent years, this area of Dublin has
A majority of eight to three of the Supreme Court judges has found in favour of Gina Miller’s (pictured) campaign that the UK Government cannot trigger Article 50 to begin the formal process of leaving the European Union without an
Bill Prew (pictured), CEO of Indos Financial, the independent depositary firm, writes that the UK government has finally revealed its Brexit position. “Any chance of a soft Brexit or retained membership of the Single Market has apparently been removed. The
The Commodity Futures Trading Commission has approved an Amended Order of Registration for LedgerX to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organisation under the Commodity Exchange Act.Under the amended
IHS Markit has launched a cross-asset class registry of systematic internalisers (SIs) to help firms understand their trade reporting obligations under MiFID II. The service covers all asset classes covered by ESMA RTS 2, including bonds, all classes of OTC
Brexit has brought about uncertain times for the investment industry. Since the recent announcements by Theresa May to move away from EU regulation, this has spouted further debate and uncertainty for asset managers, including whether to keep their core business
This is the second in a series of four articles from the DMS Client Solutions Team, bringing you a unique perspective on the challenges and opportunities presented by the shifting European regulatory landscape. In last week’s article Daniel Forbes explored
NEX Regulatory Reporting is to apply to become a trade repository for the Securities Financing Transactions Regulation (SFTR) and launch a dedicated reporting solution, pending the issuance of the final technical standards from ESMA. NEX Regulatory Reporting will in time
On 31 July, 2020, the Internal Revenue Service (IRS) released proposed regulations (the Proposed Regulations) relating to the scope and applicability of Internal Revenue Code Section 1061. This alert will provide an overview of the Proposed Regulations and how they may
Linda Gibson, Director of Regulatory Change and Compliance Risk, BNY Mellon’s Pershing on teh challenge and opportunities of MiFID II… The FCA will not be lenient on firms that fall behind on MiFID II compliance. But where a zero tolerance
