ESMA revisits third country CCP recognition applications
Applications had been suspended until 28 June; Chile, China, Indonesia, Israel and Malaysia will receive recognition status pending relevant conditions.
Applications had been suspended until 28 June; Chile, China, Indonesia, Israel and Malaysia will receive recognition status pending relevant conditions.
The regulators fourth test of Central Counterparties (CCPs) showed proof of resilience but found that there was room to improve risk management frameworks.
In contrast, UK-CCPs have only been granted time limited equivalence of three years to reduce EU institutions reliance on them.
Instead, the association has laid out its own recommendations which it predicts will protect the role of a market maker as a liquidity provider and banks as shock absorbers.
Industry gets clarity on buy-in timeline after regulators had previously warned they could be introduced if fail rates didn’t improve.
In a new study, ESMA analyses how the use of synthetic prime brokerage allowed the family office to remain ‘largely invisible’ to regulators.
The securities market regulator plans to improve investor protection and convergence, while providing guidance to fund managers.
Regulators confirmed plans earlier this year to consult on the potential extension of a select few CCPs until the end of June 2025.
The company says it’s working with 10 institutions including Norges Bank Investment Management, Deutsche Bank, Citadel Securities and UBS to finalise its tape prototype.
Verena Ross highlighted the importance of data quality and rigorous reporting in order to mitigate systemic financial risk across markets.