Deutsche Börse launches CSDR reference data set
Solution allows clients to identify in-scope instruments and their relevant reference data as they prepare for incoming settlement regulations.
Regulation
European regulators struggle to progress SDR buy-in delay as ‘degree of panic’ sets in across the industry
Trilogue occurring between European regulators today as controversial buy-in rule delay continues to be debated but without action, leading to unrest among market participants.
Zero percent settlement failure rates are not in the best interest of the industry, says BNY Mellon exec
Sibos panel on settlement fails agrees on positive impacts of penalties for settlement fails and the benefits of data sharing but urges caution on the race to zero.
Northern Trust launches collateral optimisation capability as UMR bites
Integration with margin and risk management specialist Acadia to support clients with global regulations governing trading of OTC derivatives.
Euroclear offers insight into settlement fails with new data service
SettlementDrive gives a view on the number and value of transactions which settled or failed in the Euroclear central securities depositories.
State Street dips its toe into tri-party services as new phase of UMR rules hit the buy-side
Custodian leans on securities finance expert to launch tri-party services on Collateral+ platform after successful testing and partnerships with FinTechs.
ESMA recommends European Commission to delay controversial buy-in rules
Delay suggested to avoid a collision with the final EC legislative proposal for the review of CSDR and the expected entry into force of the current CSDR settlement discipline regime.
Regulation
Fireside Friday with… DTCC’s Bob Stewart
Following the rollout of Phase 5 of the uncleared margin rules (UMR), Bob Stewart, executive director at the DTCC, discusses the challenges facing custodians, the extra-territorial impacts and what challenges lie ahead as Phase 6 approaches.
State Street’s Collateral+ business integrates with Acadia for UMR compliance
The integration will enable clients to comply with Unclear Margin Rule regulations, via Arcadia’s services.
Regulation
Fireside Friday with… Citi’s Sean Tuffy
Nobody has their finger on the pulse when it comes to regulatory issues quite like Citi’s head of market and regulatory intelligence, securities services, Sean Tuffy, who discusses with Global Custodian what market participants should watch out for in the fourth quarter of this year and beyond.