The unprecedented wave of market updates network managers had to deliver to clients have sparked demands for markets to adopt permanent digitalisation efforts.
The impact of the COVID-19 crisis on operations could stimulate work towards a digital post-trade framework between regulators and securities services firms.
The majority of respondents said the global pandemic was impacting their ability to prepare for upcoming regulations.
Fnality’s USC initiative is aiming to revolutionise current post-trade processes by facilitating payment and settlement for institutional markets using blockchain technology.
Former commissioner at the US regulator and DTCC's head of global public policy, leaves to join US options exchange group.
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
BNY Mellon and State Street were among the six banks that were found to have 'shortcomings' in their resolution plans.
The exit comes at a crucial time in the post-financial crisis regulatory agenda, with multiple rules set to come into force over the next couple of years.
Prime brokers are now stepping up their due diligence of hedge funds, becoming more forensic when looking to bring a hedge fund onto their balance sheet.