There’s Always a FinReg Angle: Sibos Preview
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.
Regulation
Buy-side firms still overwhelmingly unprepared for uncleared margin rules from 2021
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.
There’s Always a FinReg Angle: AIFMD/UCITS harmonisation and SRD II go-live
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.
ESMA recommends harmonisation of AIFMD and UCITS frameworks
Proposal would see harmonisation of two fund directives with a focus on aligning regulatory reporting.
T2-T2S consolidation project delayed until November 2022 after industry pressure
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.
ESMA confirms proposal to further postpone SDR to 2022
The proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.
Regulation
There’s Always a FinReg Angle – Brexit and regulatory cooperation
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.
Settlement Discipline Regime could be delayed to February 2022 in regulatory U-turn
Global Custodian understands advanced discussions are underway among EU regulators to propose a delay, though confirmation of this could still be months away.
SFTR goes live for sell-side, as the clock starts ticking for majority of the buy-side
A quick preview of what the industry can expect from the first phase of the Securities Financing Transactions Regulation on 13 July.
UK rejection of SDR only impacts the few, but regulation as a whole continues to frustrate the many
Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.