LCH to use UnaVista for SFTR repo reporting
LSEG units announce new deal for reporting of Securities Financing Transactions ahead of new regulations due in April next year.
Regulation
SRD II could pave the way for CSD innovation in data and STP
Experts believe the EU’s Shareholder Rights Directive II can incentivise technological innovation by central securities depositories.
Banca IMI fined $2 million for ADR violations
Banca IMI pled guilty to antitrust charges after conspiring with other brokers to rig bids to borrow pre-release ADRs, according to the US Department of Justice.
French securities regulator grants CSDR approval to Euroclear
Euroclear has now become CSDR approved in four countries, including Belgium, Finland, France and the UK.
Fraction of buy-side firms ready for uncleared margin rules
SimCorp research finds only 7% of buy-side firms are ready to comply with the incoming rules in September.
Clash over post-Brexit stock trading rules could mean further UK-EU regulatory divergence
As UK and European regulators clash over post-Brexit share trading rules, it could spell further divergence for post-trade arrangements.
SEC continues ADR clampdown as Merrill Lynch agrees to $8 million settlement
The US SEC has collected monetary settlements exceeding $370 million relating to its investigation into improper handling of pre-released ADRs.
Demystifying asset management M&A
Global Custodian analyses the primary drivers that are hastening consolidation across the funds’ industry.
Asset managers voice concerns on regulatory approach to ESG
Despite industry consensus that regulators need to introduce ESG rules, asset managers are urging them not to rush or be inflexible.
Regulatory bodies issue guidance on initial margin rules as industry continues to call for further amendments
BCBS/IOSCO issue guidance on initial margin rules for derivatives based on transitioning benchmarks as industry continues to seek recalibration of thresholds.