Regulation

Trade association issues recommendations to improve settlement rates under CSDR regulation.

Authorisation comes following similar licences for Euroclear and Clearstream in recent months.

Place of trade is no longer a mandatory matching field under the Central Securities Depositories Regulation (CSDR) at Euroclear UK & Ireland.

State Street was approached by the US Department of Justice which had outlined a framework for a possible resolution into their review in late January.

Private equity speakers at Super Return International highlight ESG as a return enabler, while outlining how stranded asset risk is a very real commercial concern.

A new study found the two-way initial margin rules for non-cleared derivatives will also result in a collateral shortfall of $60 billion alone.

The delay from ESMA may not have gone far enough according to some market experts who believe challenges persist despite time extension.

After months of lobbying, trade associations and market participants get their wish as ESMA delays introduction of CSDR's settlement discipline regime.

Trade associations have said cash bond markets should be excluded from initial rollout of the CSDR buy-in regime until the regulation’s impact on liquidity is fully assessed.

The FCA has made it clear to asset managers it would be evaluating their efforts to implement SMCR during the first half of 2020.