Trade repositories set up under EMIR have received criticism by ESMA over reporting fees and other teething issues.
Derek West will join the DTCC with responsibility for compliance at its European Global Trade Repository.
ESMA’s latest consultation is in response to a request from the EC to formulate an EU regulation on fees for trade repositories.
European regulations including EMIR and SFTR should continue if Britain is to retain financial industry.
Institutions are concerned about the link between custody and investment businesses at banks.
ESMA is proposing a two-year extension to the phase in period for category 3 counterparties
Certain fund and asset managers have begun the frontloading requirement set out in the European derivatives clearing rules.