Regulation

The US SEC has collected monetary settlements exceeding $370 million relating to its investigation into improper handling of pre-released ADRs.

Global Custodian analyses the primary drivers that are hastening consolidation across the funds’ industry.

Despite industry consensus that regulators need to introduce ESG rules, asset managers are urging them not to rush or be inflexible.

BCBS/IOSCO issue guidance on initial margin rules for derivatives based on transitioning benchmarks as industry continues to seek recalibration of thresholds.

The move will bring it in line with other Latin American (LATAM) markets that have already made the transition to a T+2 settlement cycle.

Potential changes to MiFID II could mean EU asset managers setting up a branch in the UK post-Brexit would face barriers dealing with European clients.

Global Custodian looks at the recent MOUs’ between the UK and EU financial regulators and their implication for securities markets.

With increased requirements on fund transparency, it could provide further opportunities for custodians to offer analytics services to asset managers.

The agreement between ESMA and the Bank of England eases concerns of significant disruption to the Irish securities market.

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.