ESMA has ruled out any delays for the requirement of OTC trading to be carried out on electronic trading platforms. http://www.thetradenews.com/Regulation/No-phase-in-for-MiFID-II-derivatives-trading-obligation/
François Villeroy de Galhau has declared that the it is no longer adequate that the biggest clearers of Euro-denominated products be regulated by the Bank of England. https://www.ft.com/content/7816d0f9-9389-3b77-abd6-86f3eb41bc27
The European Commission are considering amending MiFID rules amid fears that banks and HFT companies will create their own private trading networks. https://www.ft.com/content/33d3ddee-5647-11e7-9fed-c19e2700005f?mhq5j=e1
The EU have proposed that their regulators should have powers to vet overseas clearing houses. This could potentially result in these institutions needing to relocate to within the European Union. https://www.ft.com/content/18dcf566-5025-11e7-bfb8-997009366969
With mergers between HFT companies and some losing money it now seems that only the fastest are profitable; there is no longer any value in being second. As a result these companies business models are changing. http://www.thetradenews.com/Technology/HFT--Not-so-flashy-anymore/?p=1
Five research providers have created a code of conduct aimed at establishing transparency on the valuation and pricing of research in order to allow asset managers to meet MiFID II regulations.
ESMA have proposed nine conditions concerning the relocation of regulated companies from the UK based on the premise that they should not benefit from an EU passport while “essentially performing all substantial activities or functions outside the EU27” More
Steven Maijoor, the chairman of the European Securities and Markets Authority has said that, in order to ensure risks to the financial stability of the euro zone are minimised, clearing houses outside of the EU would need to be more tightly supervised. Read More