Fraction of buy-side firms ready for uncleared margin rules
SimCorp research finds only 7% of buy-side firms are ready to comply with the incoming rules in September.
Regulation
Clash over post-Brexit stock trading rules could mean further UK-EU regulatory divergence
As UK and European regulators clash over post-Brexit share trading rules, it could spell further divergence for post-trade arrangements.
SEC continues ADR clampdown as Merrill Lynch agrees to $8 million settlement
The US SEC has collected monetary settlements exceeding $370 million relating to its investigation into improper handling of pre-released ADRs.
Demystifying asset management M&A
Global Custodian analyses the primary drivers that are hastening consolidation across the funds’ industry.
Asset managers voice concerns on regulatory approach to ESG
Despite industry consensus that regulators need to introduce ESG rules, asset managers are urging them not to rush or be inflexible.
Regulatory bodies issue guidance on initial margin rules as industry continues to call for further amendments
BCBS/IOSCO issue guidance on initial margin rules for derivatives based on transitioning benchmarks as industry continues to seek recalibration of thresholds.
Colombia moves to a T+2 settlement cycle to harmonise with Americas markets
The move will bring it in line with other Latin American (LATAM) markets that have already made the transition to a T+2 settlement cycle.
European asset managers with UK branch face MiFID barriers
Potential changes to MiFID II could mean EU asset managers setting up a branch in the UK post-Brexit would face barriers dealing with European clients.
How will ‘no-deal’ Brexit MOUs’ impact the post-trade?
Global Custodian looks at the recent MOUs’ between the UK and EU financial regulators and their implication for securities markets.
FCA demands fund performance transparency from asset managers
With increased requirements on fund transparency, it could provide further opportunities for custodians to offer analytics services to asset managers.