EC Consults on Further Reducing Barriers to Post-Trade Services
EC launched a public consultation on how to improve post-trade services used in financial transactions, including clearing, settlement, and collateral management. The public consultation seeks to gather views on a range of issues, such as the state of post-trade markets, the key trends and challenges faced by post-trade services providers and users, and the best ways to remove barriers, including through financial technology. The consultation closes on November 15, 2017.
As part of the Capital Markets Union Action Plan, EC is reviewing progress made in removing barriers to post-trade market infrastructure. On an average, cross-border trades remain more expensive than domestic trades and a more efficient post-trading environment could reduce such costs. In February 2016, as part of its review, EC created the European Post-Trade Forum (EPTF), which published a report assessing the evolution of the EU post-trade landscape and progress in removing barriers in May 2017. The results of this consultation will contribute to a Communication on post-trade, which is planned for the end of 2017 and to future legislative reviews.
Related Links
Consultation and Response Form
Capital Markets Union Action Plan
Comment Due Date: November 15, 2017
Keywords: Europe, EU, Securities, Post-Trading, Capital Markets Union, Action Plan, FinTech, EC
Previous Article
ESMA Issues Guidelines on Data Transfer Between Trade RepositoriesRelated Articles
|
News
HKMA Revises Implementation Schedule for Initial Margin RulesHKMA intends to adopt a revised implementation schedule for the margin requirements for non-centrally cleared derivatives.
August 16, 2019
WebPage
Regulatory News
|
|
News
HKMA Revises Guideline on Application of Banking Disclosure RulesHKMA issued a revised version of the Supervisory Policy Manual module CA-D-1 on guideline on the application of the Banking (Disclosure) Rules (BDR).
August 16, 2019
WebPage
Regulatory News
|
|
News
ECB Decision on Recognizing Reporting Member States Under AnaCreditECB has finalized the Decision 2019/1348 (ECB/2019/20) that establishes procedure for recognizing non-euro area member states as reporting member states under the AnaCredit Regulation (EU 2016/867).
August 16, 2019
WebPage
Regulatory News
|
|
News
FASB Proposes to Extend CECL Standard Deadline for Certain EntitiesFASB proposed an Accounting Standards Update that would grant private companies, not-for-profit organizations, and certain small public companies additional time to implement FASB standards on current expected credit losses (CECL), leases, and hedging.
August 15, 2019
WebPage
Regulatory News
|
|
News
IASB Adds Phase Two of IBOR Reform to Its Work PlanIASB (or the Board) has added the second phase of its project focused on potential financial reporting implications linked to the interest rate benchmark reform—interbank offer rate (IBOR) reform—to its work plan.
August 15, 2019
WebPage
Regulatory News
|
|
News
FED Updates Draft Instructions for Proposed FR Y-14 Reporting FormsFED updated draft instructions for the monthly, quarterly, and annual capital assessments and stress testing reports, also known as forms FR Y-14M, FR Y-14Q, FR Y-14A, respectively.
August 15, 2019
WebPage
Regulatory News
|
|
News
FASB Proposes Taxonomy Changes Related to Topics 326, 815, and 842FASB is proposing taxonomy improvements for the proposed Accounting Standards Update on clarifying the interactions among topic 321 on investments in equity securities), topic 323 on investments under equity method and joint ventures), and topic 815 on derivatives and hedging.
August 15, 2019
WebPage
Regulatory News
|
|
News
OCC Updates Bank Accounting Advisory Series in August 2019OCC released an update to the Bank Accounting Advisory Series (BAAS), which reflects accounting standards issued by FASB, through March 31, 2019, on topics such as hedging and credit losses.
August 15, 2019
WebPage
Regulatory News
|
|
News
APRA Consults on Final Phase Margin Rules for Uncleared DerivativesAPRA is consulting on amendments to the prudential standard CPS 226 on margin and risk mitigation requirements for non-centrally cleared derivatives.
August 14, 2019
WebPage
Regulatory News
|
|
News
APRA Applies Additional Capital Requirement for an Australian InsurerAPRA decided to apply an additional $250 million capital requirement to Allianz Australia Limited to reflect the issues identified in the risk governance self-assessment by the insurer.
August 14, 2019
WebPage
Regulatory News
|
