IFLR Search

Rise in SPACs sparks regulation rumours

The cash shell model is increasingly popular in the UK equity market. In-house counsel think this will lead to formal regulation of the structure, particularly surrounding disclosures on target companies

Sharon Kimathi, January 14 2018

Firms struggle with initial margin contracts

Initial margin: custodians, buyside face uphill KYC struggle

There’s still significant lingering legal uncertainty for both asset managers and custodian banks as they face the operational challenge of CSA negotiations and KYC checks, at the risk of a sellside backlog closer to deadline

Sharon Kimathi, January 13 2018

Understanding the standard of care for broker-dealers and the DOL’s fiduciary rule: a MoFo report

This exclusive analysis from Morrison & Foerster looks into the rule's past, why it's been subject to so much debate, and what its future could look like

January 12 2018

Phase five worried that repapering efforts will go to waste

Initial margin: threshold changes raise cost concerns

Phase four and five firms are worried that the costs and efforts preparing for uncleared margin rules will be gone with the wind, especially following the CFTC’s threshold announcement

Sharon Kimathi, January 12 2018

Priips: industry begs Commission to clarify scope

A letter seen by Practice Insight has shown that banks and trade associations are imploring the European Commission to clarify the scope of the new retail investor protection framework. Uncertainty within the Priips regime is pushing issuers to err on the side of caution and designate new deals to professional investors only

January 12 2018

Firms are struggling to implement SFTR

Securities lending desks and trade repositories feel that the new regulation’s 153 data fields are cumbersome, with significant potential for errors and duplication. The UTI requirement is a particular headache

Sharon Kimathi, January 12 2018

Tech keeps EU data protection rules in check

A need to keep up with technology has increased financial services firms’ costs and created a complex framework to navigate

January 11 2018

EXCLUSIVE: Commission approving SFTR this week

The EC has confirmed market rumours that it will be approving SFTR’s draft RTS within the week. Many firms will be caught off-guard, leaving some in noncompliance

Sharon Kimathi, January 11 2018

SFTR projects put on hold after Esma opinion

Esma’s dismissal of the Commission’s draft technical standards has both banks and asset managers now anticipating a formal delay. Others argue the project is significant and time is of the essence

Sharon Kimathi, January 11 2018

US tax bill to boost M&A activity

The recent reform will free up cash and increase after-tax payouts, which could encourage action across the board

John Crabb, January 10 2018

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