Chris Skinner's blog

Shaping the future of finance

Regulation

Did anyone notice AMEX’s sixty-five million dollar mess

I was intrigued to see the lack of headlines about American Express this month, especially as they were fined $65 million by the US Department of Justice the other day.  I only caught the news hidden in a US notice about banking matters.  Although it did get a little coverage in America, it wasn’t in…

Will the Boat float and more MiFID FAQs

Intriguing news about our anticipated new trade reporting services, with one of my City friends asking if Project Boat will float whilst another tells me Yellow Submarine is already sunk. Project Boat is the trade reporting service being launched by Europe’s largest investment banks in response to MiFID, and was a major news item when…

Still no plans for MiFID in Spain

The International Monetary Fund has just issued their analysis of what’s going on in European financial markets (64 page pdf), with a particular focus on MiFID. Here’s a summary of the key headline impacts of MiFID in their view: the new environment created by MiFID could trigger drastic changes in the architecture of capital markets…

FSA Fall Short on Investor Protection — WSJ

The FSA’s principle-based approach to regulation has won it a lot of favorable attention in the US. Leave it to the Wall Street Journal to weigh in with criticism for its failure to protect individual shareholders in the UK. The Journal sees the FSA as trying to protect the London marketplace rather than the individual…

FSA Fall Short on Investor Protection — WSJ

The FSA’s principle-based approach to regulation has won it a lot of favorable attention in the US. Leave it to the Wall Street Journal to weigh in with criticism for its failure to protect individual shareholders in the UK. The Journal sees the FSA as trying to protect the London marketplace rather than the individual…

FSA Fall Short on Investor Protection — WSJ

The FSA’s principle-based approach to regulation has won it a lot of favorable attention in the US. Leave it to the Wall Street Journal to weigh in with criticism for its failure to protect individual shareholders in the UK. The Journal sees the FSA as trying to protect the London marketplace rather than the individual…

FSA Fall Short on Investor Protection — WSJ

The FSA’s principle-based approach to regulation has won it a lot of favorable attention in the US. Leave it to the Wall Street Journal to weigh in with criticism for its failure to protect individual shareholders in the UK. The Journal sees the FSA as trying to protect the London marketplace rather than the individual…

Fund managers wake up to MiFID and SCREAMMMMM

After three years of anticipation, we’re now just 93 days away from 1st November and the implementation of MiFID.   Now you would think that after 1,217 days of thinking about MiFID’s implications and implementation, that most folks would be ready … pah! Just last week SunGard’s survey (13 page pdf), taken at TradeTech conferences and…