The Financial Conduct Authority's Nausicaa Delfas said the UK and the EU must create derivatives contractual certainty after Brexit "either through an implementation period or by some other means." Delfas said, "This is an example of a situation where both sides could take unilateral approaches to dealing with the risk, but where a bilateral solution with the EU would be preferable." Futures & Options World (subscription required) (19 Jul.)
Securities and Exchange Commission Chairman Jay Clayton has instructed his staff to review whether there are opportunities to "enhance the framework for oversight" of electronic platforms that trade bonds. The action came after Democratic commissioners called for disclosure of potential conflicts of interest by those platforms. MLex (subscription required) (19 Jul.)
UK Prime Minister Theresa May is urging the EU to "evolve" its position regarding the border between the Republic of Ireland and Britain's Northern Ireland after Brexit. The EU proposal "is something I will never accept, and I believe no British prime minister could ever accept," she is expected to say in a speech scheduled for Friday. The Guardian (London) (19 Jul.)
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