On 19 November 2024, the European Securities and Markets Authority (ESMA) published a final report containing technical advice on the Central Securities Depositories Regulation (CSDR) penalty mechanism.
Background
The CSDR contains measures intended to prevent and address failures in the settlement of securities transactions (settlement fails), commonly referred to as settlement
On 19 November 2024, the Council of the EU issued a press release stating that it had adopted the Regulation amending the European Market Infrastructure Regulation and the related Directive amending various directives on the treatment of concentration risk towards central counterparties and the counterparty risk on centrally cleared derivative transactions.
Next steps
The draft
On 18 November 2024, the European Securities and Markets Authority (ESMA) issued a final report recommending that the migration to T+1 occurs simultaneously across all relevant instruments and that it is achieved in Q4 2027. ESMA believes that 11 October 2027 would be the optimal date for the transition and that a coordinated
On 6 November 2024, the Council of the EU published the text of the draft Directive amending Directives 2009/65/EC, 2013/36/EU and 2019/2034 as regards the treatment of concentration risk arising from exposures towards central counterparties and of counterparty risk in centrally cleared derivative transactions. The proposed amendments to Directives 2009/65/EC, 2013/36/EU and 2019/2034 are intended
On 29 October 2024, the European Banking Authority (EBA), in cooperation with the other European Supervisory Authorities, issued a short survey addressed to entities within the scope of the initial margin (IM) model authorisation regime introduced by the upcoming revised European Market Infrastructure Regulation (EMIR 3).
Background
EMIR 3
On 18 October 2024, the European Securities and Markets Authority (ESMA) issued a survey addressed to financial market participants subject to one or multiple reporting regimes concerning legal entities identifiers (LEIs). The purpose of the survey is to collect feedback on the potential impacts of adding other alternatives to LEIs in
On 15 October 2024, the Committee on Payments and Market Infrastructures (CPMI) issued the following reports which offer insights into enhancing cross-border payments by facilitating the interlinking and interoperability of payment systems:
On 15 October 2024, the European Securities and Markets Authority (ESMA), the European Commission and the European Central Bank issued a joint statement regarding the next steps to support the preparations towards a transition to T+1.
Among other things the statement notes that given the high level of interconnectedness between the EU capital
On 30 September 2024, the European Securities and Markets Authority (ESMA) issued a press release containing further details on the selection of Consolidated Tape Providers (CTPs) for bonds and for shares and exchange-traded funds (ETFs).
Key points from the communication include:
On 31 July 2024, the European Banking Authority (EBA) published a letter and a provisional request for technical advice which it had received from the European Commission (Commission).
The provisional request concerns technical advice on a possible delegated act specifying the method for the determination of the amount of the fees