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  • DTCC has lost one of its key industry figures and regulatory spokespeople, after the former commissioner of the US Commodity Futures Trading Commission (CFTC), who occupied the organisation’s head of global public policy role, departed. Mark Wetjen joined the DTCC from the regulator in 2015,...

  • The UK’s £7.7 trillion asset management industry has been put on notice by the Financial Conduct Authority (FCA) about its liquidity risk management practices and fund governance procedures. In a strongly worded letter which was sent to asset manager CEOs, the FCA said the industry’s...

  • Europe’s largest trading and banking associations have urged regulators to soften new rules laying out penalties for failed settled trades and to delay the mandatory buy-in regime. In a joint letter to the European Securities and Markets Authority (ESMA), the collection of industry bodies called...

  • Europe’s largest banking and trading associations have urged regulators to soften new rules laying out penalties for failed settled trades and to delay the mandatory buy-in regime. In a joint letter to the European Securities and Markets Authority (ESMA), the collection of industry bodies called...

  • Across the world, the threat of penalties for lacking AML compliance is moving from talk to action. An overview by solution supplier Encompass puts the year’s sum of 58 fines at $8.1 billion, with US and UK regulators being most active.

  • Deutsche Boerse Group’s post-trade services provider Clearstream has obtained a licence under the Central Securities Depositories Regulation (CSDR) in Germany. European central securities depositories (CSDs) are required to apply for a license under the new regulation, which sets out a host of performance and operational...

  • Cryptoasset exchange providers and issuers in the UK, as well as custodian wallet providers, must register with the Financial Conduct Authority (FCA) to continue their activities. Since 10 January, the authority is their supervisor with regard to anti-money laundering and counter-terrorist financing compliance (AML/CTF).

  • In July 2019, the Basel Committee on Banking Supervision (BCBS) along with the International Organisation of Securities Commissions (IOSCO) provided a respite for firms caught out by the incoming bilateral margining rules for non-centrally cleared derivatives. For phase 5 firms, which include small-sized asset managers...

  • European alternative investment funds (AIFs) saw their value increase by 11% to €5.8 trillion at the end of 2018, according to new research from Europe’s financial watchdog, following a range of new fund launches. Research from the European Securities Markets Authority (ESMA) showed the net...

  • Companies who are to report under articles 4 and 12 of the EU’s Securities Financing Transactions Regulation (SFTR) now have their guidance document published.

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