Created by ICMA’s European Repo and Collateral Council, the guide is designed to help avoid uncertainty and disagreements among market participants, helping to foster a more efficient and orderly repo market in Europe
The platform is designed to support firms’ post-trade processing requirements including fails management, financial transaction taxes and Central Securities Depositories Regulation penalty management
The proposed law aims to reduce the financial and regulatory burden on central securities depositories (CSDs) and improve their ability to operate across borders, while also strengthening financial stability
Advocacy isn’t solely about speaking to regulators, ministries and parliamentary bodies, but also advocating to and with market participants, said one panellist at the ISLA 30 Conference
Participant agent lenders BNY Mellon and Citi, in addition to participant borrowers ABN AMRO Clearing Bank and J.P Morgan, will support the launch of the new service
The pilot builds on the existing MiFIR regulation to include tokenised financial instruments. This aims to bring pre- and post-trade transparency and market abuse monitoring to DLT-based securities
The Committee notes that concerns around settlement efficiency have prevailed for many years and CSDR penalties have not resulted in a significant improvement since enactment of the settlement discipline regime in February 2022