Regulatory

On 21 September 2020, the European Commission published a temporary decision (valid from 1 January 2021 to 30 June 2022) on equivalence between Union and UK regulations on the regulatory framework applicable to CCPs.

The European Commission has published on the 24th of September 2020 a new action plan aiming to strengthen in the years to come the European Capital Market Union (CMU).

The process of the AIFMD review started on 10 January 2019 with the publication by the European Commission of KPMG report* on AIFMD.

The process of the AIFMD review started on 10 January 2019 with the publication by the European Commission of KPMG report* on AIFMD.

It was already a year ago that I dedicated my column to the CMU, the Capital Markets Union, which has been close to the European Commission’s heart for a number of years.

The date of 1 February 2021 has just been formalised and is already a thing of the past.

September 14, 2020 lived, make way for February 1, 2021. This date was indeed officialized on August 24, 2020 via the publication in the OJ of the Union of a delegated act … but will it see the light of day?

On 28 July 2020, the ECB announced that the Council of Governors had in its wisdom validated the industry’s request to postpone the implementation of the T2/T2S consolidation and, consequently, the launch of the ECMS platform (European Collateral Management System).

The new regulation on central securities depositories (CSDs) is a constant topic of discussion. After the alarm was sounded in early 2020 by 14 professional associations in a letter to the European Commission (see our article from 5 March 2020), it now appears that the planned date for implementation of the settlement discipline regime may be pushed back by a...

Final transparency rules of reporting requirements were published in the Official Journal of the EU on 22 March 2019, with the reporting obligation of securities financing transactions (SFTs) to trade repositories (TR), except the ones concluded with a central bank.

In relationship-driven activities such as network management, market participants are gradually accepting that their roles, duties and traditional ways of working will be totally transformed because of the Covid pandemic. SGSS examines how the custody industry will need to evolve as we settle into this new reality.

To cope with the pandemic facing us today, lockdowns were quickly imposed in most countries as an essential measure to contain it as effectively as possible.  From the very first weeks, it became clear that this response to the health crisis would lead to a serious economic crisis, given its significant impacts on most activities, often bringing operations to...

In today’s heavily regulated environment, institutional investors want full assurances that their fund managers are adhering to industry best practices. A failure to demonstrate this could result in managers missing out on lucrative mandates or worse – divestment.

The European commission has agreed on the 8th of May about an entry into force of the settlement discipline regime on the 1st of February 2021 instead of the 14th of September 2020.