Global Financial Markets Insight - Issue 10, 2016

Finance and Markets Global Insight Series

Finance Update

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On 23 June 2016, the UK electorate voted to leave the European Union in a so-called Brexit referendum. The exit result was a surprise for many working in the finance sector. The change will impact the position of the UK under critical legislation such as the Capital Requirements Regulation, European Market Infrastructure Regulation, Market Abuse Regulation and many other Regulations and Treaties applicable in the UK. We will also see a change as to the role of the UK in significant market initiatives such as the Capital Markets Union. It is likely that these changes will present both threats and opportunities. Until policy is clearer, we will comment on some of the existing challenges caused by EMIR and similar EU Regulations.

In questo numero

  • Brexit and financial markets
    28 JUL 2016

    On 23 June 2016, the UK electorate voted to leave the European Union in a so-called Brexit referendum. This historic decision raises significant challenges and potential opportunities for financial services activity within the UK and the European Union. We have considered some possible implications for areas of financial services activity.

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  • Brexit impact on asset and fund managers
    28 JUL 2016

    Following the result of the UK referendum on 23 June 2016 to leave the EU, there is still a considerable amount of uncertainty about the impact of the decision on the financial services industry, including asset and fund managers.

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  • Can blockchain live up to the hype?
    28 JUL 2016

    Is blockchain the revolutionary technology that will rewrite the rules for the finance industry, identifying authenticity and verifying payment flows that arise at a business-to-business level or between business and consumers and peer-to-peer? The consequences of the blockchain evolution would significantly open the field for technology platforms and reduce operational costs. 

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  • EMIR - The new margin landscape
    28 JUL 2016

    Among other regulatory changes introduced by the European Market Infrastructure Regulation (EU) No 648/2012, there is now an obligation on OTC derivatives participants to collateralise their non-cleared OTC derivatives’ positions. This is aimed at increasing the safety and transparency of the OTC derivatives markets in the EU. 

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  • Important changes to the Market Abuse Regime
    28 JUL 2016

    The Market Abuse Regulation (MAR) replaced the previous EU market abuse regime on 3 July 2016. This will be the first time standardised market abuse rules will apply across all EU countries. 

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  • Masala bonds - A taste of things to come?
    28 JUL 2016

    Borrowing by Indian companies from the overseas market or 'External Commercial Borrowings' (commonly referred to as ECBs), is regulated by the Reserve Bank of India (RBI) and is governed by the various rules specified by the RBI. Until recently, the ability of Indian companies to borrow from the overseas markets was predominantly limited to foreign currencies.

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  • Understanding the basics of European Marketplace Lending
    28 JUL 2016
    Financial Regulatory Alert Series

    One of the most significant changes in the European finance market over the last year has been the advance of new market entrants in the form of direct lending and marketplace lending platforms. The size and sophistication of these marketplace platforms is now beginning to have a significant impact on the workings of the European financial markets.

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