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.
Regulation
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.
Bank of England warns that some firms may be systematically under-margined for UMR
In a review letter, the Bank of England’s Prudential Regulation Authority discussed issues related to SIMM calculations and the impact the upcoming regulation will have on hedge funds portfolios.
SEC adopts new electronic filing requirements for institutional investors to enhance operational resiliency
The Commission claims the new requirements will enhance efficiency, transparency and operational resiliency, while also making data more accessible to the public.
Clearstream partners with Proxymity for SRD II solution
Proxymity continues to see uptake of its SRD II offering as Deutsche Boerse follows up investments in the platform by adopting solution.
Citi and JP Morgan report 30% reduction in trade fails after AccessFintech collaboration
Initiatives focused on securities settlements between the two dealers, with specific emphasis on European markets as a prelude to the recently implemented CSDR regulation.