Regulation

Originally set for 14 February 2025, the deadline has now been extended to 17 February 2026, giving institutional investment managers additional time to comply. 

Our predictions conclude with a range of industry predictions from Northern Trust, DTCC, Chainlink Labs, Firebrand Research, SSImple, Pivot, Coalition Greenwich and SoundHound AI on trends set to impact the industry in 2025. 

Our predictions continue as State Street, Deutsche Bank, Apex Group, Milestone Group and Canoe Intelligence give their views on private markets and how it is set to impact the industry in 2025.  

This marks the seventh location for Zodia Custody, following expansions in Ireland, the UK, Australia, Singapore, Hong Kong, and Japan. 

The implementation is now targeted for 2029, with costs expected to be between AUD $270 million and $320 million 

Despite a year of consultation on tweaking the mechanism or significantly increasing penalty rates, European watchdog confirms only a ‘moderate’ increase will occur after considering industry feedback.

Along with launch the industry sandbox, DTCC has also revealed the results of a proof-of-concept aimed at optimising collateral management through tokenisation. 

A year and a half after the EU’s DLT Pilot regime launched, interest has finally arrived with institutions on the cusp of being authorised; yet the UK is still taking lessons from the muted response with its own digital securities sandbox approach.

ESMA is due to publish technical advice to the European Commission for the review of the cash penalty regime under CSDR this month, and market participants are worried. 

Trade bodies are concerned around regulated financial services being treated as Information and Communication Technology (ICT) services under the Digital Operational Resilience Act (DORA) which would impact market infrastructures, among others.