Regulation Weekly

A eekly round-up of financial regulation news

Week ending 27 November 2015

These stories are sourced from a number of news sites and any opinions and statements expressed therein in no way represent the opinions of HSBC or any of its subsidiaries.
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MiFID II

> European Parliament backs Mifid II delay

The European Parliament has come out in favour of a one-year delay to the EU’s trading rulebook overhaul, provided that the roadmap on the implementation of the new rules is “swiftly” finalised.

> KCG: The trading firm that is eager for Mifid II

Financial firms across Europe breathed a sigh of relief when regulators said that Mifid II may be delayed by a year to 2018. One exception, however, was KCG.

FCA

> Tracey McDermott rules herself out of race to head FCA

Tracey McDermott, acting chief executive of the Financial Conduct Authority since her combative predecessor Martin Wheatley was ousted by the Treasury last year, said she had decided to quit the leadership race — after making the shortlist and interviewing for the top job.

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