Regulation

The majority of industry bodies and market participants will most likely focus their feedback on the settlement penalties and the buy-in components of CSDR.

The new chair of ESMA will take up the role in April 2021 once Steven Maijoor steps down.

Greater regulatory scrutiny comes as the COVID-19 pandemic has highlighted a greater risk in the event a fund administrator cannot strike a NAV.

Panellists at the Network Forum Autumn Meeting echoed fears that plans comply with the rules have been put on hold since the announcement of its delay. 

GC understands Deutsche Bank has devoted a significant amount of investment to build up its local fund custody platform in China. 

Citi and HSBC were the two custodian banks that facilitated the completion of the securities lending transactions in the China A-shares market.  

The FinReg experts case their eyes over this year's Sibos Digital agenda and pick their highlights, while sharing some past Sibos experiences as the event nears.

The study from State Street of 300 buy-side firms showed less than a fifth were fully ready to comply from September 2021 or September 2022.

Sean Tuffy, Virginie O’Shea and the GC team are back to discuss the latest FinReg news including the proposed harmonisation of the AIFMD and UCITS frameworks, along with the rollout of SRD II.

Proposal would see harmonisation of two fund directives with a focus on aligning regulatory reporting.