Supervision of asset valuation needs improvement, says ESMA
EU’s financial markets regulator and supervisor issues final report on supervision of the asset valuation rules under the UCITS and AIFM Directives.
Regulation
EU gives green light to wide-reaching MiCA regulation
Pan-European crypto measures pass with landslide vote in European Parliament.
UK participants ‘not keen’ on domestic move to T+1 despite ‘inevitability’ of transition
Over 90% of participants in a research study see increased risk of trade failures, penalties, and market inefficiencies.
Canada reconsiders T+1 implementation date following US ruling
Canadian regulator places “high importance” on transitioning on the same day as the US.
DTCC says it’s ready for May 2024 T+1 transition but acknowledges ‘significant challenges’
Market infrastructure provider will work with regulators and partners on challenging transition date to reach a successful transition.
SEC prepares to tighten the screws on digital custody services for institutional assets
Rule change proposal extends ‘qualified custodian’ requirement to cover crypto.
Settlement cycle reaction: Industry ‘shock’ as SEC opts for ‘ambitious’ T+1 timeline
Industry experts weigh in as US regulators fail to concede to industry demands for at least September 2024 deadline, with T+1 set to go live in the US on 28 May 2024.
European regulators pinpoint AI benefits in post-trade processing
Despite rising regulatory scrutiny of AI, ESMA points out substantial advantages of using the technology to increase settlement efficiency.
EU seeks to tighten crypto-asset requirements as Basel III takes step towards implementation
European Parliament committee member says “prohibitive requirements will help prevent instability”.
US regulators issue first ever warning to banks over crypto asset risk
The joint warning was issued on the same day the Feds launched a new FTX Task Force to recover lost investor assets from the collapsed exchange.