Source: Financial Times It is crunch time for the UK’s small corporate brokers, as new European markets rules begin to squeeze the sector. Mifid II legislation, which came into force in January, requires fund managers to pay banks and brokers directly for analysts’ research instead of combining the cost with trading commissions. The shake-up has […]

Source: ESMA Updates include DVC data and calculations for the period of 1 March 2017 to 28 February 2018 (so-called March 2018 publication) as well as updates to already published DVCs. MiFID II introduced the DVC to limit the amount of dark trading in equities allowed under the reference price waiver and the negotiated transaction […]

Source: CPI Financial The recent introduction of five per cent Value Added Tax (VAT) in the UAE and KSA has not impacted deal flow in the GCC as the tax rate is relatively low compared to global markets. This is despite many companies finding themselves unprepared for the 1 January implementation date and scrambling to […]

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding transparencyand market structures issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The Q&As provide clarification on the following topics: the scope of the trading obligation for derivatives; the default tick size regime; fee structures; SI […]

Source: LeapRate MiFID, or the Markets in Financial Instruments Directive, has presented European financial institutions with a vast array of challenges. One of these is the relationship with and definition of Introducing Brokers, or IBs. The real question is whether all member company affiliates must be classified as IBs. Financial trading companies have been working […]

KhaleejTimes 2018 will see the most number of construction contracts awarded related to Expo 2020, reckons JLL, a real estate consultancy. The value of contracts directly related to Expo 2020 is $6.1 billion. “2018 will be a busy year for contractors who have bagged Expo contracts as they will be in delivery mode. They can […]

Strategic ALM and integrated balance sheet management: the future of bank risk management By Professor Moorad Choudhry Abstract The traditional approach to asset-liability management (ALM) practice in banks operated as a reactive process following product origination by the customer-facing business. In the Basel III era a more proactive approach to ALM is required, in order […]