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Financial markets infrastructure – the EU’s Capital Markets Union and Savings and Investment Union

The European Parliament has published draft report on reform to, and creation of, a Capital Markets Union (“CMU”). The European Commission has also a strategy for a savings and investments union (“SIU”), which seeks to offer...more

EU wholesale markets – EU Council adopts proposed EU Benchmarks Regulation amendments

The EU has adopted a regulation amending the EU Benchmarks Regulation. The amendments relate primarily to: reducing the population of benchmarks within scope of the Benchmarks Regulation; introducing a new spot FX-related...more

European Commission publishes targeted consultation on the functioning of EU commodity derivatives markets and certain aspects of...

On 26 February 2025, the European Commission published a targeted consultation on the functioning of the EU commodity derivatives markets, with a specific focus on the spot energy markets. The consultation seeks views on a...more

The regulation of FMI - The Bank of England’s priorities for 2025

The Bank of England has outlined its priorities for 2025 in the regulation of Financial Market Infrastructure. In a speech given on 10 February 2024, the Bank of England (the “Bank”) outlined its priorities for 2025 in the...more

The Bank of England’s approach to financial market infrastructure supervision

In November 2024, the Bank of England published an Approach Document setting out its approach to the supervision of financial market infrastructures (“FMIs”) – specifically of central counterparties (“CCPs”), central...more

The Bank of England’s consultation on Fundamental Rules for financial market infrastructures – a new basis of supervision?

The Bank of England (the “Bank”) has published a Consultation Paper proposing a set of Fundamental Rules for UK financial market infrastructures (“FMIs”) – such as central counterparties and central securities depositories. ...more

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