SFTR goes live for sell-side, as the clock starts ticking for majority of the buy-side
A quick preview of what the industry can expect from the first phase of the Securities Financing Transactions Regulation on 13 July.
Regulation
UK rejection of SDR only impacts the few, but regulation as a whole continues to frustrate the many
Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.
Regulation
There’s Always a FinReg Angle: Enforcement – go where the whistle blows
Join Global Custodian and the FinReg experts for the fifth episode of There Is Always A finReg Angle podcast and get the latest news from financial regulation space.
DTCC’s SFTR service records jump in users ahead of reporting go-live
The rise comes less than a month before sell-side firms will be required to report their trades under SFTR.
UK confirms it will not implement CSDR buy-in regime
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.
SmartStream launches API for SFTR reference data service as deadline looms
Service will enable firms to reduce implementation time for deploying key components for sourcing accurate reference data, says SmartStream.
European Commission’s AIFMD review could see expanded depository role for custodians
A potential AIFMD passport and UK equivalence could smooth the way for UK custodians to expand their depositary services across the EU market.
Europe’s CMU working group recommends European Commission to review CSDR
Long-awaited report on the Capital Marks Union sets out recommendations for the regulation while also addressing lingering issues in the post-trade industry.
Europe’s CSDs add pressure on European Commission to delay buy-in regime
The association has urged the regulator to take ‘a holistic approach’ to postponing the Settlement Discipline Regime (SDR) by at least a year.
Bank of England launches post-trade task force to tackle outdated systems
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.