Regulatory

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.

Further confirmation that the road to hell is paved with good intentions! 14 professional associations sound the alarm about the future settlement discipline regime

In September 2018, Euroclear entered into initial discussions with the Paris Stock Exchange on the "transparency initiative" project.

After remaining at exceptionnally low levels for the past several years, implied volatility might be in the early stages of a transition that could take it to much higher levels across a range of products.

The implementation of MiFID 2's requirements on research has induced a sharp reduction in the coverage of European SMEs. The financial industry is now asking whether the regulation should be amended. 

SGSS automates the Gates mechanism to meet the needs of asset managers.

Money has always been at the heart of the economy, with the purpose of facilitating commercial trade. Money has taken physical forms such as coins, notes and gold, but also electronic and more recently digital forms*.

In 2016, a major report was published on the changes that blockchain technology would bring to financial markets, reducing the need for reconciliations and bringing many billions of annual savings* to the financial industry.

Asset managers are turning to the securities services industry to help them comply with transparency regulations. Providers must invest in innovation to deliver smarter services at a lower cost.

By June 2019, the Member States of the European Union should have completed the transposition into each national law of the Shareholder Directive II (SRD 2), natural evolution of the 2007 SRD1.

Integration of Blockchain, tokens and crypto-assets within existing financial worlds: what about regulation's requirements and compliance?

Blockchains are distributed data bases that keep up-to-date records linking digital assets to their owners.

Now that we have a better understanding of the technological, economic and strategic implications of what blockchain is, it is of upmost importance to address the question of whether blockchain and Distributed Ledger Technologies (“DLT”s) need, beyond any specific trade sector, a dedicated and harmonised legal framework at both EU and international levels.

The French Parliament has recently enacted the PACTE bill that will set a new regulatory regime applicable to Initial Coin Offerings (for utility tokens only) and to several categories of “crypto-asset service providers”, where crypto-assets do not qualify as financial instruments pursuant to MiFID II.