State Street’s Collateral+ business integrates with Acadia for UMR compliance
The integration will enable clients to comply with Unclear Margin Rule regulations, via Arcadia’s services.
Regulation
Regulation
Fireside Friday with… Citi’s Sean Tuffy
Nobody has their finger on the pulse when it comes to regulatory issues quite like Citi’s head of market and regulatory intelligence, securities services, Sean Tuffy, who discusses with Global Custodian what market participants should watch out for in the fourth quarter of this year and beyond.
DTCC files SEC application for securities finance clearing house
The application is the formal start of the launch process of a central clearing and settlement service for overnight equity securities financing.
Buy-side firms under pressure to finalise preparation ahead of next UMR phase
With less than a month to go, the pressure is on for buy-side firms to finalise documentation and custodial arrangements on their initial margin.
Northern Trust and Standard Chartered’s Zodia Custody receives FCA registration
The registration enables it to provide commercial services to clients as a crypto-asset business, a key milestone as it prepares to launch.
Commerzbank’s decision to pull outsourcing agreement with HSBC shows conflict around post-trade operations
Regulations such as DORA and CSDR are combining in a way that is forcing many to make some tough choices about who carries out these post-trade functions.
Trade associations demand SDR delay following recent EC communication
AFME, ISDA and ISLA among trade bodies to deliver the concise message of delay the settlement discipline regime.
EU reportedly delays second phase of SFDR requirements by six months
ESG data challenge for fund managers eases slightly with six-month delay as custodians prepare to support clients with reporting and analytics.
IHS Markit enhances securities processing tech for CSDR’s penalty regime
Enhanced securities processing solution will provide the foundation for custodians and broker-dealers to support the cash penalty regime under SDR.
European Commission to consider changes to CSDR’s penalty regime
With just seven months to go until the go-live of SDR, market participants have grown increasingly worried that they will be unable to make the necessary changes to their operations to meet the rules.