Deutsche Bank gears securities industry up for new settlement regime with updated CSDR client toolkit
The bank calls on industry to dig deep, clean up aged fails and improve operational processes to ensure the new settlement regime is a success.
Regulation
Northern Trust extends relationship with Broadridge to support SRD II compliance
The shareholder disclosure platform which has been adopted by Northern Trust aims to meet the needs of custodians and all financial intermediaries impacted by SRD II.
European powers move to allow for postponement of buy-in regime
The implementation date of the controversial aspect of the settlement discipline will no longer be 1 February 2022 with experts suggesting the delay could be two-to-three years.
SEC to bring securities lending ‘out of the dark’ with new proposed regulation
US regulator proposes rules to bring transparency to securities lending by asking participants to report terms of transactions.
DTCC to offer CSDR penalty calculation service through Exception Manager platform
New service will also flag transactions that are in scope for CSDR, providing users with the ability to identify priority work prior to Settlement Date.
Deutsche Börse launches CSDR reference data set
Solution allows clients to identify in-scope instruments and their relevant reference data as they prepare for incoming settlement regulations.
European regulators struggle to progress SDR buy-in delay as ‘degree of panic’ sets in across the industry
Trilogue occurring between European regulators today as controversial buy-in rule delay continues to be debated but without action, leading to unrest among market participants.
Zero percent settlement failure rates are not in the best interest of the industry, says BNY Mellon exec
Sibos panel on settlement fails agrees on positive impacts of penalties for settlement fails and the benefits of data sharing but urges caution on the race to zero.
Northern Trust launches collateral optimisation capability as UMR bites
Integration with margin and risk management specialist Acadia to support clients with global regulations governing trading of OTC derivatives.
Euroclear offers insight into settlement fails with new data service
SettlementDrive gives a view on the number and value of transactions which settled or failed in the Euroclear central securities depositories.