Tim Cave

Introduction When the Proceeds of Crime Act 2002 (POCA) came into force in February 2003 it expanded, reformed and consolidated the previous multitude of money laundering offences in the UK, with the exception of those offences contained in the Terrorism Act 2000. By adding an objective test to the question of suspicion, POCA makes it more likely than under the previous regime that a firm will have to make a disclosure.

Hidden Treasure: Analyzing MiFID II’s Equities RTS 28 Report By Tim Cave, TABB Group Originally published on the TABB FORUM Which brokers are the most popular among European buy-side traders? To what extent are brokers using primary exchanges versus alternative venues? Which brokers are the biggest internalisers of order flow? These questions and many more can be answered from the latest MiFID II RTS 28 ‘best execution’ reports.

Fixed income and cash equities traders have historically kept each other at arm’s length. Widely different product sets, unique trading models and a fierce battle for bank resources have resulted in clear separation between the two divisions. However, a combination of new regulations forcing bonds to trade with the same level of transparency as stocks and a severe pressure on banks to cut costs is slowly eroding traditional boundaries. ...