Day-ahead power market coupling has been in operation across the North West Europe region for over a year. To what extent has it helped prices converge, and what are the next steps aimed at bringing Europe’s electricity markets closer together?
Hampered by increasingly complex regulations, as well as the cost and inertia of inefficient legacy systems, banks are facing growing competition from innovative non-bank organisations. Unless they start to confront the mission-critical importance of transforming their technology, could they face death by a thousand cuts?
French equity derivatives specialist Horizon Software is concerned about burdensome EU regulation choking liquidity in its core stock options market – but, says Sylvain Thieullent, its chief executive of electronic trading, the firm has learnt the importance of tailoring its approach to suit a local market as a result
The UK regulator has proposed five ‘controlled function holders’ for insurers without including a chief investment officer. But the role is too important to overlook, says Scott Eason of Barnett Waddingham
Industry lobbying prompts regulator to revive plans for a further impact study
Former UBS and Citigroup trader Tom Hayes promised to pay hundreds of thousands to brokers through ‘wash trades’ in exchange for help shifting Libor rates
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