ESMA confirms plan to delay Settlement Discipline Regime to 2022
The proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.
Tag: CSDR
Regulators in ‘advanced talks’ to delay Settlement Discipline Regime to February 2022
Advanced discussions are underway among EU regulators to propose a delay, The TRADE understands, though confirmation of this could still be months away.
Regulation
UK confirms it will not adopt CSDR buy-in regime
The Treasury has said it will not implement SDR in February 2021, but UK firms will still have to comply with the buy-in regime for EU transactions.
Meritsoft and Taskize launch combined CSDR solution
The combined solution will deliver a real-time platform for clients to manage the settlement fail and buy-in process.
Portfolio trading continues to take hold in fixed income markets
As portfolio trading becomes more popular among buy-side traders, research has warned a large portfolio trade could increase risks around the CSDR buy-in regime if a single trade fails.
Regulation
TRADE Calls: Meritsoft – Delaying CSDR
Daniel Carpenter, head of regulation at RegTech and post-trade services provider Meritsoft, a Cognizant company, tells The TRADE about how the ongoing changes to CSDR will impact the industry, and explains why so many market participants are not satisfied with the current framework.
European Commission endorses CSDR push-back
The endorsement comes two months after the ESMA stated it would postpone enforcing the CSDR settlement discipline regime following an industry-wide lobby.
ESMA rejects industry calls for changes to CSDR buy-in regime
Watchdog rejects appeal for an overhaul of key pillars of CSDR from over a dozen concerned trade bodies, including the Investment Association.
UK may not adopt CSDR buy-in regime post-Brexit
Industry experts believe the UK may decide not to adopt one of the most controversial aspects of the new settlement regulation post-Brexit.
Time does not heal all in the case of Settlement Discipline Regime extension
The delay from ESMA may not have gone far enough according to some market experts who believe challenges persist despite time extension.