ICMA is strengthening its EU presence with a new representative office in Brussels set to open next month
“The launch represents an important milestone in fostering direct communication between issuers and their shareholders while bringing increased efficiencies to the market,” says Isabelle Delorme
EACH says a number of the provisions are simply not implementable because of their technical inaccuracy and some would also increase operational risk within the EU CSDR SDR
The transaction is expected to close in H2 2021, subject to customary closing conditions and regulatory approvals
Responses from the European Commission’s CSDR consultation found that 51 out of 91 respondents said the buy-in regime should change from a mandatory requirement to a voluntary one
EFAMA suggests that the initiative could contribute to the improvement of the reliability of information disclosed by companies under the revised Non-Financial Reporting Directive
The pan-European instant payment infrastructure system now counts six participants based in Belgium: Aion SA, BNP Paribas Fortis, Belfius, CBC Banque, ING Belgium and KBC Bank
The decision is an important first step for US CCPs registered with the SEC to be recognised in the European Union as it will allow the US CCPs to apply for recognition by ESMA
