Geen onderdeel van een categorie

CSDR Settlement Fails Penalties: ECSDA Framework

24 december in Geen onderdeel van een categorie

On 22 December 2020, ECSDA published the updated version of the ECSDA CSDR Settlement Fails Penalties Framework. Cash penalties are required by the EU legislators to be imposed by CSDs and aim at increasing settlement efficiency rates. The requirements are outlined in the CSD Regulation (EU...

EFAMA-EFSA: joint message on Consolidated Tape

04 november in Geen onderdeel van een categorie

EFAMA and EFSA welcome the publication of Market Infrastructure Partners’ Study on the Creation of an EU Consolidated Tape which addresses the challenges, demand, benefits and proposed architecture for consolidating European financial market data. We believe that an appropriately constructed consolidated tape (“CT”) could help to...

Sustainable Finance Disclosure Regulation: EU Commission delays RTS (level II) application date

04 november in Geen onderdeel van een categorie

The EU Commission has written the European Supervisory Authorities (ESAs) regarding the application of the Sustainable Finance Disclosure Regulation (SFDR) and related regulatory technical standards (RTS). Background: In March 2019 the co-legislators agreed on a timeline to develop most of the RTS by 30 December 2020...

ESMA: Investor Protection : MiFID II research unbundling – first evidence

04 september in Geen onderdeel van een categorie

Context : ESMA Report on Trends, Risks and Vulnerabilities Article : Investor Protection : MiFID II research unbundling – first evidence (pages 81 to 92) This article analyses the impact on EU sell-side research of the MiFID II Research Unbundling provisions that require portfolio managers to pay for the research...

ISSA Cyber Security Guidance Paper – Responding to a cyber-attack on a Securities Services participant

20 augustus in Geen onderdeel van een categorie

The ISSA Working Group has published «Cyber Security Guidance Paper – Responding to a Cyber-attack on a Securities Services Participant». The document can be found here. This document provides guidance for the incident management processes of Securities Services participants and utilizes the most impactful scenarios identified in...

ECB’s Governing Council approves one-year extension to T2-T2S consolidation project timeline

28 juli in Geen onderdeel van een categorie

The Governing Council of the ECB has decided to extend the timeline of the T2-T2S consolidation project by one year, following discussions with Europe’s financial community. The project is now scheduled to go live in November 2022. The project had already entered an internal software testing phase, known as...

Impact of COVID-19 on Europe’s Capital Markets: Market Update

23 juli in Geen onderdeel van een categorie

AFME has published a new research note on the “Impact of COVID-19 on European Capital Markets: Market Update”. The purpose of this report is to provide an update on how European capital markets have performed during the COVID-19 outbreak. This report follows a first publication launched...

ENISA – 25th Meeting of the Cybersecurity Working Group of the EBF

23 juli in Geen onderdeel van een categorie

The European Union Agency for Cybersecurity (ENISA) co-hosted last Friday, the 25th meeting of the cybersecurity working group of the European Banking Federation (EBF). The meeting has been an opportunity for professionals from banking institutions to share good practices and lessons learned about cybersecurity challenges,...