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...
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...
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...
EuropeanIssuers has published their Annual Report 2019. You can find, amongst others, their 2019 Policy Priorities: Sustainable Finance CMU EMIR SHRD II Better regulatory environment for small & mid-caps Prospectus Regulation FTT ...
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...
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,...
The ICMA Quarterly Report for the Third Quarter of 2020 focuses on the lessons from COVID-19 for capital markets. The Foreword by Jean-Marc Mercier of HSBC, Deputy Chair of ICMA, and the Message from ICMA’s Chief Executive, Martin Scheck, are both on this theme. Other...
ESMA has published a consultation paper on guidelines on outsourcing to cloud service providers Read more The guidelines’ purpose is to provide guidance on the outsourcing requirements applicable to financial market participants when they outsource to cloud service providers. In particular, they aim to help firms...
On 8 June 2020, the European Central Securities Depositories Association (ECSDA) writes to request a postponement in the implementation of Settlement Discipline Regime (SDR), and Settlement penalties in particular, possibly by one year beyond the date of 1 February 2021. They acknowledge that the European Commission...
Introductory remarks by Sabine Lautenschläger, Member of the Executive Board of the ECB, at the third meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures, Frankfurt am Main, 28 June 2019. It is a pleasure to welcome you back to Frankfurt. As you may...
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