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EU's rejection of UK shorting appeal is "skeletal"


13 February 2014 London
Reporter: Georgina Lavers

The EU court鈥檚 decision to reject Britain鈥檚 appeal over short selling is skeletal and in parts opaque, but there is no avenue of appeal, said lawyers from Mayer Brown...
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ESMA bulldozes over British pleas on short selling


23 January 2014 Brussels
Reporter: Georgina Lavers

The UK government鈥檚 efforts to curb the power of EU financial watchdogs were in vain, after it was ruled that Brussels has the power to ban short selling...
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GSF: hair-cutting remarks


22 January 2014 Luxembourg
Reporter: Georgina Lavers

Bilateral business is attracting repo participants because central counterparty (CCP) haircut policies are too onerous, said a panel of experts at the 18th Global Securities 麻豆影视传媒 Summit in Luxembourg...
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Question of Volcker Rule foreign coverage answered


20 January 2014 New York
Reporter: Georgina Lavers

Frank Mayer, Timothy McTaggart and Jonathan Levin of law firm Pepper Hamilton LLP have asserted that 鈥渓ocation, location, location鈥 is the most important aspect of the Volcker Rule鈥檚 requirements on foreign banking entities...
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Anticipated 鈧50bn cash-flow drag from FTT


15 January 2014 London
Reporter: Georgina Lavers

There will be an estimated an annual cash-flow drag of 鈧30鈥50 billion resulting from the Financial Transaction Tax, suggested a report...
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FINRA slaps Deutsche with $6.5 million fine


23 December 2013 Washington
Reporter: Georgina Lavers

The Financial Industry Regulatory Authority (FINRA) has fined Deutsche Bank Securities $6.5 million due to financial and operational deficiencies in its enhanced lending programme...
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IOSCO publishes regulatory issues report


17 December 2013 Madrid
Reporter: Daniel Jackson

IOSCO made four recommendations that seek to promote market liquidity and efficiency, price transparency, and investors' execution quality in a fragmented environment...
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SEC approves new FINRA lending rules


12 December 2013 Washington DC
Reporter: Mark Dugdale

New rules in the US on securities loans and borrowings, permissible uses of customers鈥 securities, and callable securities have received Securities and Exchange Commission approval...
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FTT is alive and deadly, warns UK parliament group


12 December 2013 London
Reporter: Mark Dugdale

The European Commission鈥檚 approach to the enhanced cooperation behind the Financial Transaction Tax has been 鈥渦njustified and misconceived鈥, according to a UK House of Lords committee...
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ISLA warns against haircuts regulation


09 December 2013 London
Reporter: Georgina Lavers

The ICMA ERC and ISLA have both responded to proposed regulation from the FSB, in a joint letter that warned against the excessive curbing of haircut practices...
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BSE cuts 2 securities from SLB segment


02 December 2013 Mumbai
Reporter: Georgina Lavers

The Bombay Stock Exchange has disallowed two securities, Dena Bank and Vijaya Bank, from being lent or borrowed...