Has the EU seen the light on FX variation margin?

European Council changes tack on FX Variation Margin Change could be afoot in the FX margining requirements under EMIR.  On 15th November, the Council of the European Union published a proposed amendment to the text.  The text includes the following on page 30 of the...

ESMA updates the PRIIPS rules

New Change FX (NCFX) welcomes the recent confirmation of the PRIIPS rules on FX transaction cost analysis (TCA).  Andy Woolmer, CEO of NCFX said: “This FX TCA clause provides a clear and firm basis on which to conduct FX TCA.  The rule clarifies that when measuring FX...

MiFID 2 and your FX execution policy.

They unbridled joy of reading MiFID 2 in full should not be missed, but in case you’re a little busy with other things, here is the NCFX summary of the key points from MiFID 2 (and a few other pieces of regulatory legislation) as they related to Foreign...