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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...

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,...

Cloud: ESMA consults on cloud outsourcing guidelines / EBF Releases 3 technical papers

19 juni in Geen onderdeel van een categorie

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...

CSDR : ECSDA requests further postponement of settlement discipline regime

19 juni in Geen onderdeel van een categorie

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...