FCA: concerns over custody pricing ease; still wary over outsourcing risks
FCA’s Investment Management Sector View revealed the regulator’s belief that the UK custody market is working well in pricing bundled services.
Regulation
Varying definitions of safekeeping holding back custody for crypto-assets, finds ESMA
ESMA report highlights lack of harmonised definition of safekeeping and record-keeping of ownership of securities at an EU-level.
Change of ESG approach by ESMA welcomed by asset managers
Fears that asset managers would be forced to arbitrarily unwind positions in non-sustainable companies have broadly subsided following ESMA’s announcement.
Regulation and technology predictions for 2019
Industry experts give us their predictions for the New Year, focusing on regulatory and technology developments.
ESG framework and adoption of DLT by regulators among biggest impacts for 2019
Supervisory technology (SupTech) is being explored by some regulatory bodies to overcome challenges of divergent reporting models between countries.
European Commission ends uncertainty over SFTR by adopting rules
The go-live date for the regulation is set for Q2 2020 after the EC formally adopted the measures.
ESMA welcomes no-deal Brexit central clearing equivalence plans
The European Commission has said it will adopt temporary equivalence to ensure no disruption to central clearing in the case of no-deal Brexit.
Brexit will drive regulatory changes within MiFID II review, says MEP Swinburne
Political factors taking centre stage for future regulatory reviews or introduction of MiFID II according to MEP.
Citi to pay nearly $40 million settlement over ADR charges
Citi is the second bank the SEC has taken action against for ADR pre-release abuses within its depositary banking business.
Data and securities laws could hold back blockchain adoption for CSDs
Europe’s data protection laws and the incoming CSD Regulation could prevent implementation of the technology in the post-trade area.