ESMA announces stress-tests for clearing houses
Europe's securities watchdog will conduct the first EU-wide stress tests for clearing houses.
Regulation
Industry bodies unite in SFTR guidance
Several markets have jointly published a statement offering advice on how participants can comply with new EU Securities Financing Transactions Regulation (SFTR).
Buy-side hit out against MiFID II reporting rules
Some of Europe’s largest buy-side firms have criticised proposed trade reporting rules set out in MiFID II, stating that greater clarity is needed for reporting derivatives.
FinTech Regulation: Race to the Top
The Financial Conduct Authority (FCA) has teamed up with Australian regulators in a ‘world-first’ agreement to support FinTech businesses.
Derivatives clearing under threat from Basel III, says FIA
The Futures Industry Association (FIA) has criticised a recent review of the Basel III leverage ratio framework, arguing it has failed to identify the impact the capital rules will have on holding client collateral.
SIX x-clear authorised under EU clearing regulations
The clearing arm of SIX Securities Services has been officially recognised as a third-country central counterparty (CCP) under European Market Infrastructure Regulation (EMIR).
ESMA dishes DTCC first trade repository fine
Europe’s securities watchdog has issued the first ever fine to a trade repository, slapping a $64,000 penalty to the Depository Trust & Clearing Corporation (DTCC).
Brexit will cause widespread operational headaches
The operational headache of a potential Brexit for financial institutions including fund managers and market infrastructures should not be underestimated.
Lenders being pushed away by regulations says ISLA
Further regulatory pressure may push institutional lenders away from the securities lending market according to a new report.
BNP completes segregation of UCITS assets
BNP Paribas Securities Services has completed the segregation of clients’ UCITS assets held under depositary as part of the UCITS V directive.