Industry associations relentlessly protest the SDR buy-in regime
As the consultation period for Europe’s Settlement Discipline Regime concludes, industry associations again step up calls for the removal of mandatory buy-ins.
As the consultation period for Europe’s Settlement Discipline Regime concludes, industry associations again step up calls for the removal of mandatory buy-ins.
BNY Mellon will offer its new digital assets custody and administration services later this year via new dedicated unit.
BNY Mellon predicts its new initiative will help traders predict approximately 40% of settlement failures in Fed-eligible securities.
The fine was ordered by regulator in Sweden after a trader defaulted and Nasdaq Clearing had to tap its own funds to cover the losses.
The EU regulator has adopted an equivalence decision that determines US CCPs under the Securities and Exchange Commission regime as equivalent to EU rules.
LiquidityDrive data service to cover more than 460,000 global corporate and government bonds and combine executed trade settlement data with custody activity data.
New partnerships with Clearstream, Euroclear and Iberclear will provide a single point of access to minimise cross-border hurdles.
The new company will combine the two entities’ post-trade services, offering trade processing and risk mitigation operations in the OTC markets.
It’s time for the front-office to pay attention to settlement fails, writes Jonathan Watkins. Regulation is incoming and the costs and complexities are set to rise meaning this process will have a significant impact on traders.
The clearing house’s SwapClear service processed a massive $1.1 quadrillion in notional volumes from 6.4 million trades in 2020 despite the UK approaching the end of the Brexit transition period.