There is abundant liquidity within securities finance markets, with the ability to access liquidity via a diverse set of channels remaining crucially important, according to panellists during the SFT Securities Finance Technology Symposium
The FCA has confirmed that representative LIBOR rates will not be available beyond the dates set out, and publication of most of the LIBOR settings will cease immediately after these dates
To avoid damaging market liquidity and stability, the trade body suggests the CSDR settlement discipline regime should be split in two, with cash penalties going live in February and the buy-ins held pending a “in-depth assessment"
HM Treasury has granted equivalency to EEA states for CSDR, EMIR and SSR, but SFTR is now not expected to be agreed by either party until after 31 December
The panel at the SLT Securities Finance Technology Symposium noted that on the buy side, people who are more focused on value propositions and solution enablers are driven by regulation and automation
The fintech company refuted claims that it has less than three months operating cash, saying it has “sufficient cash” to maintain its operations for at least 12 months
Kelly, who also currently serves as head of compliance UK for Coinbase, a digital currency exchange, has more than 30 years of financial industry experience and has held senior roles at PwC and Grant Thornton