SimCorp research finds only 7% of buy-side firms are ready to comply with the incoming rules in September.
As UK and European regulators clash over post-Brexit share trading rules, it could spell further divergence for post-trade arrangements.
Global Custodian analyses the primary drivers that are hastening consolidation across the funds’ industry.
Some experts believe regulation of crypto-custody is likely to be fairly imminent, with some digital assets set to be designated as securities in due course.
The European Commission has said it will adopt temporary equivalence to ensure no disruption to central clearing in the case of no-deal Brexit.
Israel’s hedge fund industry recorded 50% growth in 2017, while beginning to lure in international investors, however a lack of regulation and taxation issues persist.
Carla Jane Findlay-Dons will be responsible for developing BBH’s global stance on market and regulatory events.
Eliet joins as head of regulatory, compliance and public affairs, as Euroclear looks to coordinate its policy strategy across the group.
The hire of Phillis comes just five months before custody banks operating in Europe will become subject to MiFID II.