The Bank of England’s monetary policy committee is meeting today to determine whether negative interest rates should be introduced, while securities lending participants express concerns about the possibility of negative yields on cash collateral rei
11 December 2020South Korea Reporter: Natalie Turner
Traders risk a year in prison and a $460,000 fine for naked short selling in South Korea, and must retain a five-year paper trail of borrowed securities under proposed amendments to capital market regulations
Industry stakeholders have until 2 February 2021 to submit responses to the EC’s CSDR consultation, and face a tight timetable to make the changes in Q4 2021 before the settlement discipline regime’s February 2022 go-live date
The German exchange group will transition the hub’s clients to MarketAxess over the coming months and is committed to providing technical services until the migration is complete
The European Commission has granted Euroclear UK & Ireland the ability to continue to offer issuer central security depository services after the Brexit transition period ends on 31 December
The FSB-backed foundation unveiled a validation agent framework in September and called on global financial institutions, as a trusted data source, to become part of the LEI issuing process
Many of the organisations affected by the final phases of UMR have typically managed their collateral management process on spreadsheets and have historically been unaffected by the regulations
The association has flagged a host of concerns that ESMA's proposed rules changes for CCPs under EMIR are overly complex, problematic and risks distorting the level playing in the market
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
