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
On 15 July 2024, the European Securities and Markets Authority (ESMA) published a speech given by its chair, Verena Ross, at the public hearing on shortening the settlement cycle.
In her speech Ms Ross notes that shorter settlement cycles, or T+1, is a topic that keeps growing in importance particularly since ESMA published
On 10 July 2024, the European Securities and Markets Authority (ESMA) issued a public statement on the eligibility of uncollateralised public guarantees, public bank guarantees and commercial bank guarantees for non-financial counterparties (NFCs) acting as clearing members in light of the agreement on the proposal to amend the European Market Infrastructure
On 9 July 2024, the European Securities and Markets Authority (ESMA) issued the following consultation papers on the Central Securities Depositories Regulation (CSDR) Refit:
On 9 July 2024, the European Securities and Markets Authority (ESMA) published the results of its fifth stress test exercise for central counterparties (CCPs).
Whilst the stress test confirmed the overall resilience of the EU clearing landscape it also found that some gaps persist in the coverage of concentration risk across
On 12 June 2024, the European Commission (Commission) issued a consultation on a draft delegated regulation that sets out identifying reference data to be used with regard to over-the-counter (OTC) interest rate swaps and OTC credit default swaps for the purposes of the transparency requirements laid down in Article 8a(2), and
On 23 May 2024, the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) published its work programme and strategic priorities for 2024-2025.
The programme’s key themes are:
The CPMI
On 25 April 2024, the Financial Stability Board (FSB) issued a report on financial resources and tools for central counterparty (CCP) resolution.
In the report, which incorporates feedback from a public consultation, the FSB identifies a toolbox approach as an effective means for resolution authorities to support CCP resolution. In
On 25 April 2024, the European Parliament issued a press release stating that it had adopted the text of a proposed Regulation amending the European Market Infrastructure Regulation as regards measures to mitigate excessive exposures to third country central counterparties (CCPs) and improve the efficiency of EU clearing markets (EMIR 3).