Euroclear UK to continue Irish securities settlement in ‘no-deal’ Brexit
The agreement between ESMA and the Bank of England eases concerns of significant disruption to the Irish securities market.
Regulation
China to consolidate foreign investor access schemes
The move forms part of its overall strategy to simplify access to China for institutional investors that have, so far, found it too complicated to invest.
Hong Kong explores paperless settlement of securities
HKEX will develop new systems for the proposed paperless regime, which could be in place by early 2022.
Cross-border conflicts remain over AIFMD enforcement
A report, conducted by KPMG, highlights areas where EU member states remain conflicted in the implementation of the directive.
IHS Markit adds all-star line-up to SFTR design team
Nine banks join IHS Markit’s design team to collaborate on Securities Financing Transaction Regulation (SFTR) reporting service.
Preparation already underway for next rounds of initial margin rules
With a new wave of initial margin rules on the horizon, BNY Mellon says clients are already more prepared.
Hong Kong and Luxembourg regulators sign funds recognition agreement
The MoU is the latest agreement for the Hong Kong market as it looks to become a leading cross-border fund hub for international investors.
FCA: concerns over custody pricing ease; still wary over outsourcing risks
FCA’s Investment Management Sector View revealed the regulator’s belief that the UK custody market is working well in pricing bundled services.
Varying definitions of safekeeping holding back custody for crypto-assets, finds ESMA
ESMA report highlights lack of harmonised definition of safekeeping and record-keeping of ownership of securities at an EU-level.
Change of ESG approach by ESMA welcomed by asset managers
Fears that asset managers would be forced to arbitrarily unwind positions in non-sustainable companies have broadly subsided following ESMA’s announcement.