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.
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.
CSDR requires a neutral third-party to act as the buy-in agent, which Eurex STS aims to become through its new banking license.
Introducing you to the first episode of Global Custodian's new podcast on financial regulation, featuring guest speakers, Sean Tuffy, of Citi's Custody & Fund Services business, and Virginie O'Shea, post-trade FinTech analyst and advisor.
EUI had planned to increase its asset maintenance charge in April this year, after initial discussions with its key users in November on its pricing structures.