Regulation

The rise comes less than a month before sell-side firms will be required to report their trades under SFTR.

The Treasury said it will not implement the SDR from February 2021, but will consider the future approach of the rules to the UK’s own post-trade framework.  

Service will enable firms to reduce implementation time for deploying key components for sourcing accurate reference data, says SmartStream. 

A potential AIFMD passport and UK equivalence could smooth the way for UK custodians to expand their depositary services across the EU market.

Long-awaited report on the Capital Marks Union sets out recommendations for the regulation while also addressing lingering issues in the post-trade industry.

 The association has urged the regulator to take ‘a holistic approach’ to postponing the Settlement Discipline Regime (SDR) by at least a year.

The report from the UK central ban found that financial firms are spending upwards of $20 billion a year on post-trade processing systems alone.

Investment strategies incorporating environmental, social and governance (ESG) factors outperformed during recent market turbulence, regardless of the challenges that the concept still needs to overcome.

Custodians are still waiting for vital information to work out exactly how the penalties are calculated under CSDR.

The decision from the European Commission means the rules will come into force from 3 September 2020.