Regulation

Proposals to increase visibility and oversight in private funds market have been deemed unworkable by Court of Appeals.  

Despite passing through the US Senate and the House of Representatives, resolution to overturn controversial crypto custody rule falls at the final hurdle.

The European market is facing significant challenges with financing needs which currently “far exceed” the capacity of the region’s fragmented markets, said Christine Lagarde, president of the European Central Bank, as she called for the market to embrace ESMA’s proposals.

Range of new services are designed to support UK asset managers meet the new reporting obligations set out by the FCA.  

The SEC’s amendments to the custody rule with regards to the segregation of cash have been referred to as ‘unworkable’, according to experts at the very top of the asset servicing world, but there have been few updates since it was first announced.

Another step for overturning of controversial crypto custody regulation which hinders incumbent banks, though President Joe Biden has vowed to veto.

More than 40% of attendees at The Network Forum Africa 2024 identified unclear regulatory frameworks as the primary operational obstacle facing the African market. 

The recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices of non-bank market participants, focusing on liquidity risks arising from spikes in margin and collateral calls.  

Dry run will collect information from financial entities through their competent authorities in preparation for the implementation and reporting of registers of information under DORA.