鈥淎s we learned with EMIR, UTI sharing can be a major challenge for firms and regulators as they aim to get a meaningful view of all the data submitted to trade repositories,'' says IHS Markit鈥檚 Pierre Khemdoudi
EquiLend has warned prospective users of its SFTR reporting service that they must commit to its solution by 15 November in order to be fully prepared for the regulation鈥檚 go-live in April 2020
Industry figures fear d茅j脿 vu on regulatory reporting difficulties for SFTR as ESMA belatedly publishes the third draft of its XML schemas, despite it not being ISO-approved and known defects remaining in several messages
The Options Clearing Corporation is ahead of schedule in its effort to rectify shortcomings in its risk management procedures that led to a $20 million fine by the US SEC early in the year
The French tax and regulatory authority is expected to publish new guidance by the end of the year to dispel market uncertainty around the country鈥檚 withholding tax on manufactured payments.
SaaS solutions can provide operational and economical workflow optimisation which will be a vital piece of the puzzle for reducing costs for regulations such as SFTR, says a Fleming Collateral Management Forum banking panellist
Panellists at ISLA鈥檚 Annual Post Trade Conference debated ESMA鈥檚 motives behind SFTR and CSDR and expressed fears of missing the implementation deadline
鈥淭he work undertaken by the CDSR working group has shone a light on legacy practices that were perhaps overdue for market review,鈥 Adrian Dale of ISLA says
Euroclear, which owns a stake in Taskize, has extended its existing relationship with the fintech firm in order to also offer the CSDR settlement discipline solution to its clients