ESMA launches consultation on CSDR refit to consider scope of penalties
Europe’s markets regulator is looking at the scope of settlement discipline among other areas as it seeks to fine-tune and further clarify the CSDR framework.
Regulation
ESMA publishes new public consultations as Mifir review continues
The consultation package includes five key focuses; the standards once approved are set to facilitate the consolidated tape provider (CTP) appointment for the EU as well as increase transparency across market factions.
Euronext regulation expert joins ABN AMRO Clearing Bank as regulatory manager
New appointment previously held positions at Euronext, the UK’s Financial Conduct Authority, Bank of America Merrill Lynch, Royal Bank of Scotland, and CME Group.
FCA confirms no chance of further Libor extension as September deadline approaches
There are three months to go for the remaining synthetic US dollar Libor settings.
BlackRock, LGIM, Morgan Stanley, and Goldman individuals among those listed in latest FCA secondary markets committee line up
The UK watchdog’s 25 committee members will serve for two years; individuals hail from firms including: Goldman Sachs, Vanguard AM, BlackRock, Morgan Stanley, LGIM, and JP Morgan, among others.
Regulatory burden labelled top issue faced within European listed derivatives markets
New report from Acuiti also notes the risk associated with new regulations as being a key concern on the horizon for market participants within the asset class.
SEC chair Gary Gensler urges UK to set T+1 transition date
With the global market trend heading towards shorter settlement cycles, SEC chair stresses the need for the UK to kickstart compression plans even if some market participants raise concerns.
Bloomberg to offer access to CSRD data ahead of reporting deadline
New data offering will help inform the sustainability strategy of financial firms, alongside the sustainability reporting of their financing activities.
FX trading has not shifted due to T+1 as some had predicted
The drama around cut-offs at CLS and custodians prior to the T+1 implementation had many believing the FX market would alter drastically, but so far, it’s business as usual over the first three weeks of the shortened settlement cycle as the first big public holiday – and major test – approaches.
Bloomberg selected by Banorte to support regulatory compliance for monitoring derivatives hedging
The adoption of Bloomberg’s MARS Hedge Accounting offering, alongside MARS Front Office and MARS Counterparty Risk, will provide the firm with a complete set of risk management capabilities.