ESMA considers amendment to CSDR to allow CSDs to collect penalties for cleared transactions
New consultation paper on CSDR proposes that CSDs would be able to collect and distribute penalties for cleared transactions.
New consultation paper on CSDR proposes that CSDs would be able to collect and distribute penalties for cleared transactions.
The new legislation looks to create rules to ensure transfers of crypto-assets will be traced and identified to prevent money laundering, terrorist financing, and other crimes.
In a review letter, the Bank of England’s Prudential Regulation Authority discussed issues related to SIMM calculations and the impact the upcoming regulation will have on hedge funds portfolios.
The Commission claims the new requirements will enhance efficiency, transparency and operational resiliency, while also making data more accessible to the public.
Proxymity continues to see uptake of its SRD II offering as Deutsche Boerse follows up investments in the platform by adopting solution.
Initiatives focused on securities settlements between the two dealers, with specific emphasis on European markets as a prelude to the recently implemented CSDR regulation.
Five months into the Settlement Discipline Regime, we are getting a clear picture of the challenges and shaky start the regulation has incurred, with one expert now quantifying some of the pain the banks are absorbing through penalties.
Panellists at The Network Forum discuss the impact of CSDR so far, and where the market can see improvement
Industry gets clarity on buy-in timeline after regulators had previously warned they could be introduced if fail rates didn’t improve.
Trade bodies say the current settlement discipline provisions under CSDR have not been drafted with derivatives transactions in mind and call for a revision.