ESMA tightens expectations as MiCA transition periods wind down
Regulator urges CASPs to complete wind-down plans and warns investors to verify authorisation status.
Regulation
SEC pushes back compliance dates for rules 10c-1a and 13f-2
Two-year delay on securities lending and short sale transparency rules sparks “Repeal by Extension” concerns.
Regulation
Fireside Friday with… BBH’s Sinéad McIntosh
Sinéad McIntosh, managing director and global head of revenue for financial institutions at Brown Brothers Harriman, says firms are navigating a complex regulatory landscape marked by divergent rules and shortened settlement cycles. The firms that modernise, centralise oversight and work collectively will be best placed to shape the next phase of regulatory evolution.
Funds industry
UK’s FCA lays out tokenised fund regulatory framework
Report proposes guidance and rule changes to accelerate adoption of distributed ledger technology (DLT) in the funds space.
Regulation
ESMA proposes substantial settlement discipline revisions ahead of T+1
Proposals include requirements for machine-readable allocations and confirmations, and mandatory implementation of hold and release and auto-partial settlement for all CSDs.
Edmond de Rothschild halts sale of Luxembourg asset servicing arm to Apex Group
Termination follows Apex’s inability to secure final regulatory approval; former BNY and European Depositary Bank executive will now lead Edmond de Rothschild’s asset servicing business.
Regulatory reforms can be a pathway for unity, says Clearstream CEO
By simplifying complexity, encouraging harmonised standards, and promoting cross-border collaboration, regulatory reform can pave the way for a more unified, resilient global market, says Clearstream CEO, Sam Riley.
Potential BNY and Northern Trust merger could violate US banking laws, warns Senator Warren
Democratic senator raises antitrust and systemic risk concerns in letter to BNY CEO, Robin Vince, over reported custody bank tie-up.
Euroclear unveils SIU market access project to support EU’s ambitious growth plans
Market infrastructure provider plans to establish a single entry point for all asset classes, including funds, fixed income and equities across Europe.
Fireside Friday with… Clearstream’s Sam Riley
Sam Riley, CEO of Clearstream securities services, outlines key priorities for the business, including expanding pan-European CSD connectivity, scaling support for retail and private markets, and driving growth through digital and data initiatives. He also highlights T+1 settlement, regulatory harmonisation, and rising demand for predictive data and interoperability as major forces shaping the post-trade landscape.