ESMA seeks counterparty transparency

Consultation proposes standards for reporting on foreign CCP activity. In an effort to expand its oversight of clearing activity, the European Securities and Markets Authority (ESMA) is launching a consultation on reporting requirements for foreign central counterparties (CCPs). The regulators published...

Euro banks’ outperform, for now

Better cost controls, stronger margin gains enabled profitability to outpace North American banks. Recently, the large European banks have been outperforming U.S. and Canadian banks at improving their profitability, narrowing the gap in returns between the regions — however, that...