Lobbyists likely to use UK decision to not implement the settlement discipline regime as further leverage in calls for a delay.
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.
The combined solution will deliver a real-time platform for clients to manage the settlement fail and buy-in process.
The FinTech firm has signed a partnership with Clearstream and has secured the commitment of Janus Henderson Investors which will use its CSDR solution.
Long-awaited report on the Capital Marks Union sets out recommendations for the regulation while also addressing lingering issues in the post-trade industry.
The association has urged the regulator to take ‘a holistic approach’ to postponing the Settlement Discipline Regime (SDR) by at least a year.
ECB releases annual statement with transactions value and volumes data and updates on other initiatives.
Custodians are still waiting for vital information to work out exactly how the penalties are calculated under CSDR.
The spike in settlement fails during this period could further encourage the industry to increase calls for regulators to reconsider a delay to the CSDR buy-in regime
The endorsement comes two months after the ESMA stated it would postpone enforcing CSDR's settlement discipline regime following an industry-wide lobby.