89% of financial industry executives believe that their compliance costs will continue to rise over the next two years, with 48% of them expecting to see a 10-20% rise and a further 18% predicting increases of over 20%.
CME Group has announced that its London-based derivatives market clearing house will be shut down by the end of the year after deciding that their customers preferred to access their markets in the US.
TOM, the Dutch derivatives exchange that was launched in 2009, has announced that it will be wound down with all open positions being transferred to Euronext, its former rival, from the end of May this year.
Following the collapse of the LSE/Deutsche Boerse merger and the LSE's subsequent decision not to sell LCH.Clearnet to Euronext, the pan-European exchange has announced that it will clear its derivatives business with ICE Clear from mid 2018.
While releasing 'near final' rules on the implementation of MiFID II rules the FCA announced that firms should start applying immediately for the requisite authorisations and permissions or risk losing access to the UK market in January 2018.