FCA’s Investment Management Sector View revealed the regulator’s belief that the UK custody market is working well in pricing bundled services.
ESMA report highlights lack of harmonised definition of safekeeping and record-keeping of ownership of securities at an EU-level.
Fears that asset managers would be forced to arbitrarily unwind positions in non-sustainable companies have broadly subsided following ESMA’s announcement.
Industry experts give us their predictions for the New Year, focusing on regulatory and technology developments.
Supervisory technology (SupTech) is being explored by some regulatory bodies to overcome challenges of divergent reporting models between countries.
The go-live date for the regulation is set for Q2 2020 after the EC formally adopted the measures.
The European Commission has said it will adopt temporary equivalence to ensure no disruption to central clearing in the case of no-deal Brexit.
Political factors taking centre stage for future regulatory reviews or introduction of MiFID II according to MEP.
Citi is the second bank the SEC has taken action against for ADR pre-release abuses within its depositary banking business.
Europe’s data protection laws and the incoming CSD Regulation could prevent implementation of the technology in the post-trade area.