It looks like ESMA’s application of settlement discipline under CSDR may have extraterritorial impacts, which could result in investor preferences to use one CSD over another to ensure being subject…Read More
We’ve been thinking about what the markets will do with SFTR data when it is published by Trade Repositories. In particular, we’ve been thinking about what Finadium plans to do…Read More
As July wound down, European market participants released some important news items. We look at Euro clearing moving to Frankfurt, UCITS funds and collateral and the FT’s article on SFTR.…Read More
How many data fields are really needed by regulators to supervise Securities Financing Transactions?
It’s widely accepted that the 152 fields designated by the EU’s Securities Financing Transactions Regulation (SFTR) is overkill. In fact, many of these fields don’t currently exist in participant computer…Read More
EMIR wants CCPs to hold more margin, in effect making CCPs into virtual fortresses. But the costs associated are high and the potential to push risk into markets or firms…Read More
The European Securities and Markets Authority (ESMA) posted five updated Q&As on its website last week covering most of the major EU regulation. We highlight responses to questions on benchmarks…Read More