The FinReg experts case their eyes over this year's Sibos Digital agenda and pick their highlights, while sharing some past Sibos experiences as the event nears.
The study from State Street of 300 buy-side firms showed less than a fifth were fully ready to comply from September 2021 or September 2022.
Sean Tuffy, Virginie O’Shea and the GC team are back to discuss the latest FinReg news including the proposed harmonisation of the AIFMD and UCITS frameworks, along with the rollout of SRD II.
Proposal would see harmonisation of two fund directives with a focus on aligning regulatory reporting.
ECB decided to push back project to replace TARGET2 with a new real-time gross settlement, while also delaying the new Eurosystem Collateral Management system.
The proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.
Sean Tuffy, Virginie O’Shea and the GC team are back to discuss the latest FinReg news and discuss the lingering issues and FinReg worries around Brexit, along with the effectiveness and challenges of regulatory cooperation.
Global Custodian understands advanced discussions are underway among EU regulators to propose a delay, though confirmation of this could still be months away.
Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.