Will Iosco’s guidance solve pre-hedging puzzle?
Buy-siders doubt consent requirement will remove long-standing concerns
On November 3, the International Organization of Securities Commissions published a series of recommendations to act as guidance for regulators in crafting rules around pre-hedging. The recommendations came after a year-long consultation and against a backdrop of previous fines for dealers over pre-hedging offences and moves from other regulators to craft their own rules.
Iosco suggested the market needs only limited change but did recommend that dealers seek prior consent to pre-hedge from the
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