As the European Commission finalises EMIR 2.2, it has confirmed a temporary equivalence decision for UK CCPs from January 2021.
Tag: European Commission
The endorsement comes two months after the ESMA stated it would postpone enforcing the CSDR settlement discipline regime following an industry-wide lobby.
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London Stock Exchange Group chief says Refinitiv deal is on track to close in the second half of the year, as annual results read well for bourse.
The EU authority’s new powers include increased oversight of third-country equivalence assessments working alongside the European Commission.
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European Commission vice president, Valdis Dombrovskis, said in London today that the EU plans to extend the temporary equivalence for UK CCPs.
AFME, FIA, ISDA and other trade groups have written to the European Commission seeking an extension to equivalence, due to expire in March 2020.
Asset managers express concerns over additional regulatory reporting burdens in addition to current requirements for MiFID II and AIFMD.
Investment firms affected by major FX rigging scandal at Barclays, Citi, RBS, JP Morgan and UBS are seeking compensation in the UK.