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.
Comment Due Date: November 15, 2017
Keywords: Europe, EU, Securities, Post-Trading, Capital Markets Union, Action Plan, FinTech, EC
Previous ArticleAPRA Proposes Revisions to APS 330 Related to Public Disclosure
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
BoE updated the known issues document for the statistical reporting Forms AS and FV.
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
EBA updated the report on the implementation of selected COVID-19 policies.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.