Ben Pott, head of public policy, EMEA at BNY Mellon, discusses regulatory divergence between the EU and UK with Global Custodian’s deputy editor Chris Lemmon.
Report finds that almost all market participants said a common definition would be helpful in increasing efficiency throughout the custody chain.
Proposal would bring the US in line with international Basel III ‘endgame’ rules, as regulators deliver details on new capital requirements which will hit the largest lenders in the market, with knock-on impacts expected across the markets.
In contrast to its predecessor, the second iteration of the AIFMD (Alternative Investment Fund Managers Directive) promises to be a lot more straightforward. Global Custodian looks at what changes AIFMD 2 could bring for the funds industry.
Governing Council to decide in autumn whether to move to next phase of digital euro project.
Buy-ins to be a “last resort”, T+1 to be explored and CSDs to be pleased to see financial and regulatory burdens reduces as part of drive to improve settlement efficiency.
Settlement efficiency, T+1 proposals and mandatory buy-ins to be discussed as part of measures.
EU’s financial markets regulator and supervisor issues final report on supervision of the asset valuation rules under the UCITS and AIFM Directives.
Pan-European crypto measures pass with landslide vote in European Parliament.
Over 90% of participants in a research study see increased risk of trade failures, penalties, and market inefficiencies.