The Bank of England announced on Nov. 17 that three leading derivatives clearinghouses will hold a coordinated exercise in the first half of next year to test their procedures for managing a clearing member default.
EMIR, MiFID II and Basel III form an interdependent, interconnected patchwork of national and regional regulation that is proving to be resolutely global.
On June 4, 2015, FIA submitted a letter to the International Organization of Securities Commissions in response to IOSCO’s consultation on “Mechanisms for Trading Venues to Effectively Manage Electronic Trading Risks and Plans for Business Continuity”.
