Irish Funds symposium highlights importance of maintaining regulatory alignment between the UK and EU
Speakers from State Street, Citi and HSBC among fund experts in attendance at the Irish Funds Annual UK Symposium.
Regulation
European regulator proposes rule change to put CSDs in charge of collecting and distributing all penalties under CSDR
ESMA hopes amendment will simplify the cash penalty process in Europe.
The looming threat of mandatory buy-ins could soon disappear in Europe after new proposal
The European Parliament proposes dispensing of mandatory buy-ins altogether, while entry into the Official Journal of the European Union stops rule from coming into force until November 2025.
Partial settlement can reduce fails if the buy-side are incentivised, says HSBC expert
Discussion around settlement sparks frustration among panellists as issues weigh on failed rates, while more information is needed from regulators on what unacceptable rates are.
The UK can ‘flex its Brexit muscles’ and move towards T+1, says panel
As the conversations begin about the EU moving towards T+1, experts from Goldman Sachs, DTCC and AccessFintech urge the UK to take the lead in Europe.
ESMA to publish report on CSDR impact on settlement fail rates in Q4 next year
Plan revealed during a post-trade conference where JP Morgan executive responds by saying it’s a ‘slight disappointment’ that it will take that long.
Long-awaited final phase of UMR goes live today – here’s what it means
Phase 6 of the Uncleared Margin Rules has been implemented today, with the regulation having the biggest impact on the buy-side yet. Industry experts react to the deadline, giving insights on where we stand today.
SEC climate disclosure rule likely to impact private markets
MSCI research predicts climate transparency expansion, despite public markets being primary concern.
ESMA considers amendment to CSDR to allow CSDs to collect penalties for cleared transactions
New consultation paper on CSDR proposes that CSDs would be able to collect and distribute penalties for cleared transactions.
European Parliament establishes new crypto rules to avoid illicit flows in the EU
The new legislation looks to create rules to ensure transfers of crypto-assets will be traced and identified to prevent money laundering, terrorist financing, and other crimes.