The European Commission has adopted a time-limited decision to allow financial market players 18 months to reduce their exposure to UK central counterparties
The strategy has been approved by its board and is set to enable the world’s financial institutions to deliver instant and frictionless end-to-end transactions
The resilience of European CCP has been confirmed by fire drill tests carried out in business community planning mode during Q2 2020
Due to a host of issues and on-going challenges, 11 trade associations are requesting a one-year reprieve from possible fines and penalties for non-compliance
Following an open selection process, the board of supervisors has submitted its selected candidates to the European Parliament
ESMA has published a final report on draft RTS to postpone the implementation of the CSDR settlement discipline regime until 1 February 2022
ESMA said the AIFMD review provides the EU with “an opportunity to apply lessons learned”
The association suggested that this long-overdue review is now unavoidable and should be initiated with urgency to prevent further harm to the interest of retail investors
