Europe’s data protection laws and the incoming CSD Regulation could prevent implementation of the technology in the post-trade area.
Funds in Hong Kong will now find it easier to market to UK investors if they can demonstrate broad equivalence.
The chairman of one of Europe's main think tanks highlighted that market participants were becoming increasingly sceptical of CMU’s likelihood of success.
The investigation was launched into KMPG’s audit of BNY Mellon in 2015, after the custody bank was hit with a £126 million fine by the UK's FCA.
Panel at InvestOps in London discussed the potential for over-reliance on RegTech firms to comply with MiFID II.
Author of MiFID II says any updates will be more about refinement and realignment as opposed to a re-write.
Broadridge makes first move with new FundAssist business by launching MiFID II ex-post reporting solution
Acquisition of FundAssist in May has led to new service set to help investment managers meet reporting obligations for the end of April 2019.
ESMA has rejected a request from the European Commission to remove the wording of LEIs in the upcoming rules.
SEBI has been active in trying to implement reforms in the securities lending market to grow volumes and mutual fund participation.
FINRA has fined Interactive Brokers for failing to comply with short selling rules between 2012 and 2015.