T+0 an ‘unrealistic and undesirable’ near-term objective for Europe, says AFME
Association calls for considered approach to a shortened settlement cycle, as short-term timeframes are likely to result in a significant rise in settlement fails.
Tag: ESMA
Archegos collapse caused by synthetic prime brokerage and risk management failings, says ESMA
In a new study, ESMA analyses how the use of synthetic prime brokerage allowed the family office to remain ‘largely invisible’ to regulators.
ESMA raises concerns over liquidity for alternative investment funds
The regulator warns that there could be a potential mismatch between asset liquidity and redemption timeframe.
ESMA recommends European Commission to delay controversial buy-in rules
Delay suggested to avoid a collision with the final EC legislative proposal for the review of CSDR and the expected entry into force of the current CSDR settlement discipline regime.
ESMA calls for European Commission to expand scope of CSDR
ESMA have suggested the scope of the rules should include oversight of T2S and of third-country CSDs operating settlement services in the EU.
High rate of equities settlement failures in Europe remains a cause for concern
Market participants will be conscious of European settlement rates with incoming regulation on the horizon which penalises fails.
EU to end tighter short selling reporting requirements this month
The EU watchdog will not renew the short selling reporting changes which are due to expire on 19 March, following an extension in December last year.
Trade associations push European regulators for clarity on CSDR settlement discipline rules
The trade bodies said many firms will be unable to make the necessary changes to their operations to meet the rules under the current timeline.
ESMA re-authorises DTCC’s Irish trade repository ahead of Brexit
Regulators seek to minimise the potentially wide-spread impact of Brexit on Europe’s capital markets.
European Commission extends temporary equivalence for Euroclear UK & Ireland
The move will allow Euroclear UK and Ireland (EUI) to continue to settle Irish-domiciled funds and securities once the Brexit transition period ends on 31 December.