No strong case for the creation of specific licensing categories for fintech startups, consultation paper says
Manufacturers of financial products must specify a target market of end clients for whom the products are intended
The German and U.K. divisions of Moody’s Investors Service breached rules governing credit rating agencies
New guidance aims to ensure harmonized implementation of the new regime
The rules set out standards for both benchmark administrators and contributors
Concerns about fees and charges are on the rise
A new report suggests that uncertainty about political developments in Europe could trigger abrupt swings in financial asset prices this year
ESMA is concerned that brokerage firms are creating networks to avoid the obligation that internal matching systems be authorized as trading venues
It’s too soon for any regulatory action given that distributed ledger technology remains at an early stage, new ESMA report concludes
Regulators are concerned that a product that’s restricted, or banned, for investment firms could still be distributed directly by fund managers