Buy-ins to be a “last resort”, T+1 to be explored and CSDs to be pleased to see financial and regulatory burdens reduces as part of drive to improve settlement efficiency.
Settlement efficiency, T+1 proposals and mandatory buy-ins to be discussed as part of measures.
EU’s financial markets regulator and supervisor issues final report on supervision of the asset valuation rules under the UCITS and AIFM Directives.
Pan-European crypto measures pass with landslide vote in European Parliament.
Over 90% of participants in a research study see increased risk of trade failures, penalties, and market inefficiencies.
Canadian regulator places “high importance” on transitioning on the same day as the US.
Market infrastructure provider will work with regulators and partners on challenging transition date to reach a successful transition.
Rule change proposal extends ‘qualified custodian’ requirement to cover crypto.
Industry experts weigh in as US regulators fail to concede to industry demands for at least September 2024 deadline, with T+1 set to go live in the US on 28 May 2024.
Despite rising regulatory scrutiny of AI, ESMA points out substantial advantages of using the technology to increase settlement efficiency.