Long-awaited report on the Capital Marks Union sets out recommendations for the regulation while also addressing lingering issues in the post-trade industry.
The Capital Markets Union has drawn wide criticism for failing in its various objectives and the road won’t be any clearer with Brexit on the horizon. GC looks at the current state of play and assesses whether there’s still hope for the project.
The Simple, Transparent and Standardised Securitisation Regulation (STS) is designed to provide an uplift to the European securitisation market, however experts argue the rules could make little difference in their current form.
Corporate actions, asset segregation, and post-trade reporting was highlighted as barriers to achieving efficient and harmonised post-trade infrastructures across Europe.