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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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.
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.
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.