Firms unprepared for internal settlement reporting in next phase of CSDR
This rules will require firms that are taking on settlement themselves, and not through a CSD or sub-custodian, to report data on a quarterly basis.
Regulation
Large funds facing up to SFTR requirements before their go-live date, says DTCC
LEI and UTI information will be required ahead of the SFTR deadline for large funds, according to an industry expert.
Major banks onboard to DTCC for SFTR reporting
Three tier one banks sign up to DTCC's global trade repository (GTR) service for SFTR.
ESMA releases long-awaited consultation on SFTR
Industry welcomes consultation paper which addresses which securities financing transactions will be reportable for incoming regulation, among other aspects.
LCH to use UnaVista for SFTR repo reporting
LSEG units announce new deal for reporting of Securities Financing Transactions ahead of new regulations due in April next year.
SRD II could pave the way for CSD innovation in data and STP
Experts believe the EU’s Shareholder Rights Directive II can incentivise technological innovation by central securities depositories.
Banca IMI fined $2 million for ADR violations
Banca IMI pled guilty to antitrust charges after conspiring with other brokers to rig bids to borrow pre-release ADRs, according to the US Department of Justice.
French securities regulator grants CSDR approval to Euroclear
Euroclear has now become CSDR approved in four countries, including Belgium, Finland, France and the UK.
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.
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.