All regulation news

No evidence short selling drives market falls, says UK’s FCA

24 March 2020 London
Reporter: Drew Nicol

“All too often in the past regulators immediately introduced short selling bans on an assumption that they are significantly contributing to market volatility,” says Sarah Nicholson, director of Consolo

German industry body fires back against calls for EU-wide short selling ban

23 March 2020 Berlin
Reporter: Drew Nicol

The German investment funds association BVI is the latest to question the effectiveness of short selling bans after a week of EU regulators acting to shield local equities from the COVID-19 market chaos

Austrian FMA prohibits short selling

23 March 2020 Austria
Reporter: Natalie Turner

Austrian financial markets regulator joins other EU markets in banning short selling

UK FCA clarifies SFTR backloading start date following three-month delay

20 March 2020 London
Reporter: Drew Nicol

The UK Financial Conduct Authority has put to bed market concerns around how the unofficial three-month delay directed by ESMA yesterday will affect SFTR’s backloading requirements

CFTC extends UMR relief to ease pandemic disruption

19 March 2020 Washington DC
Reporter: Natalie Turner

The US Commodity Futures Trading Commission has finalised a one-year extension of the initial margin compliance under UMR to allow firms more time to combat the business disruption caused by the coronavirus

Bank of England slashes funding rates to tackle COVID-19 chaos

19 March 2020 London
Reporter: Maddie Saghir

Bank of England has reduced its overnight funding rate for a second time to help inject much-needed liquidity into the country's markets amid widespread disarray brought on by the COVID-19 pandemic

SFTR delayed until July, legal explainer

19 March 2020 Paris
Reporter: Drew Nicol

ESMA has requested NCAs do not enforce SFTR until July in response to industry concerns and the market chaos caused by the COVID-19 outbreak

ESMA halves threshold for short position disclosures

18 March 2020 Paris
Reporter: Natalie Turner

ESMA says it is enforcing this precaution under the exceptional circumstances of the COVID-19 pandemic and that is making it essential for authorities to monitor the markets to ensure financial stability and investor protection

The Philippines first to shut down financial markets

18 March 2020 Manila
Reporter: Natalie Turner

The Philippine Stock Exchange has closed its markets in response to the widening coronavirus pandemic

ESMA backs short selling bans

18 March 2020 Paris
Reporter: Drew Nicol

The EU watchdog has endorsed several long-term bans on all forms of short positions following several days of extreme volatility driven by the COVID-19 pandemic

Trade bodies call for SFTR delay in light of COVID-19 pandemic

17 March 2020 Paris
Reporter: Drew Nicol

ISLA and ICMA have sent a joint letter to ESMA requesting a delay to SFTR until October to mitigate the huge strain put on in-scope firms to meet the current April deadline in the midst of a global pandemic

UK’s FCA “unlikely” to ban short selling

16 March 2020 London
Reporter: Drew Nicol

The FCA has so far stopped short of imposing a short selling ban on any UK stocks and is unlikely to do so, according to Nick Bayley, managing director and head of Duff & Phelps’ compliance and regulatory consulting practice

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