European Commission rejects post-trade industry calls for SRD II delay
The decision from the European Commission means the rules will come into force from 3 September 2020.
Tag: ESMA
Short selling bans failing to abate volatility, says trade associations
Trade associations including AIMA and FIA EPTA have said the short selling restrictions have failed to curb volatility and could pose long-term damage.
European Commission endorses CSDR push-back
The endorsement comes two months after the ESMA stated it would postpone enforcing CSDR's settlement discipline regime following an industry-wide lobby.
UK looks to align with SFTR rules post-Brexit
Trade repositories will be able to register with the Financial Conduct Authority (FCA) following the end of the Brexit transition period.
Regulation
There’s Always a FinReg Angle: Episode 101
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.
European Commission sets up industry-wide group to solve clearing challenge for pension funds
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
ESMA applies informal three-month delay for SFTR
National authorities are not expected to enforce the reporting obligations under SFTR as until 13 July 2020.
‘Delay SFTR until October’ associations plea to European regulator
ISLA and ICMA write to regulators appealing for delay due to Coronavirus pandemic.
European regulators enforce short-selling bans to stabilise markets
Authorities in Spain, Italy, France and the UK have all enforced bans on creating or increasing short positions on some securities in response to significant declines across Europe’s equities markets.
Supermancos expecting second wave of Brexit-related business
As temporary permissions run out at the end of the year, managers are expected to seek out Supermancos in order to market their funds in Europe.