European Securities and Markets Authority

    Market Infrastructure

    ESMA Set to Defer CSDR’s Settlement Discipline Regime

    By Editors | 29/07/2020

    The European Commission asked ESMA to consider a one-year deferral in light of operational pressures on firms and other market developments amid the Covid-19 pandemic.

    Enforcement

    ESMA Opens Probe Into Germany’s Wirecard Response

    By Editors | 19/07/2020

    ESMA’s fast track assessment will focus on whether BaFin and accounting watchdog FREP properly applied European guidelines on enforcing the reporting of financial information.

    Market Infrastructure

    SFTR Reporting Regime Goes Live for Sell-Side Firms

    By Editors | 13/07/2020

    Banks, investment firms, CSDs and CCPs started reporting securities financing transactions to approved trade repositories on Monday.

    Market Infrastructure

    Industry Bodies Call on EU to Reform Benchmarks Regulation

    By Editors | 30/06/2020

    The majority of third-country benchmarks pose no systemic risk but could nevertheless be barred from use in the EU due to a costly and burdensome third-country benchmark regime.

    AML / KYC

    UPDATED – Wirecard Fraud: A Timeline of Events

    By Editors | 30/06/2020

    Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.

    Market Infrastructure

    EC Proposes Simplified Approach to Supervising Non-EU CCPs

    By Editors | 14/06/2020

    Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on ‘comparable compliance’.

    Securities / Derivatives

    ESMA Clarifies Transparency Rules, Position Limits for Non-EU Venues

    By Editors | 04/06/2020

    ESMA has clarified its application of post-trade transparency requirements and the position limits regime to third-country trading venues.

    Securities / Derivatives

    European Regulators Lift Covid-19 Short Selling Bans

    By Editors | 19/05/2020

    In consultation with ESMA, Austria, Belgium, France, Greece, Spain and Italy have decided to lift short-selling bans that have been in place since mid-March.

    Market Infrastructure

    ESMA Approves Four Trade Repositories for SFTR Reporting

    By Editors | 10/05/2020

    DTCC, UnaVista, KDPW and REGIS-TR will have their TR registrations for derivatives contracts under EMIR extended to include securities financing transactions under SFTR.

    Market Infrastructure

    Industry Bodies Request Margin Exemption Extensions under EMIR

    By Manesh Samtani | 06/05/2020

    ISDA and other industry associations are asking for equivalence decisions for all jurisdictions that have implemented margin rules in line with the BCBS-IOSCO framework.

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