All regulation news

FINRA orders four firms to pay US$2.6 million for fully paid securities lending violations

07 December 2023 US
Reporter: Carmella Haswell

The combined amount includes US$1 million in restitution to retail customers enrolled in fully paid securities lending programmes and fines of US$1.6 million for the firms’ related supervisory and advertising violations

Joint associations publish MRRA update

06 December 2023 Global
Reporter: Carmella Haswell

The MRRA provides users with a template agreement for documenting regulatory reporting arrangements for SFT transactions and derivatives entered into under industry standard documentation

FSB publishes toolkit to enhance third-party risk management and oversight

04 December 2023 Switzerland
Reporter: Klea Neza

The toolkit aims to reduce fragmentation in regulatory and supervisory approaches to third-party risk management across jurisdictions and different areas of the financial services sector

ECMS postponed until November 2024

04 December 2023 Europe
Reporter: Carmella Haswell

The decision by the Governing Council of the European Central Bank follows an assessment which revealed that users require more time to complete testing for the new system functionalities

SFTS: APAC underprepared for US T+1 transition, panellists say

28 November 2023 UK
Reporter: Lucy Carter

As North America prepares for the T+1 transition, other jurisdictions must consider the impact on their own operations, panellists at this year’s Securities Finance Times Technology Symposium affirmed

UK government to loosen sovereign debt and CDS short selling restrictions under new regime

28 November 2023 UK
Reporter: Carmella Haswell

The decision will see the removal of requirements currently placed on investors relating to short positions in sovereign debt and sovereign credit default swap contracts

Only 2 of 31 G-SIBs fully compliant with BCBS risk data aggregation principles, report finds

28 November 2023 Switzerland
Reporter: Bob Currie

Almost a decade after publishing its BCBS 239 principles on data aggregation and reporting, extra work is required across the banking community to be fully complaint, according to a BCBS report published today

SFTS: ‘Two speed’ SFTR validation rules causing ‘growing level of divergence’

27 November 2023 UK
Reporter: Carmella Haswell

Panellists at this year’s Securities Finance Technology Symposium in London discussed navigating the regulatory landscape, including Money Market Statistical Reporting, 10c-1 and the new SFTR validation rules

SFTS: Action needs to be taken on DORA, speakers say

24 November 2023 UK
Reporter: Lucy Carter

Firms need to start their work on compliance with the Digital Operational Resilience Act now, panellists at this year’s Securities Finance Times Technology Symposium said, noting that the industry is currently lacking awareness about it

DORA to drive significant change to TPRM, says Acuiti

22 November 2023 UK
Reporter: Sophie Downes

DORA will apply to more than 20,000 EU regulated entities and has an extra-territorial impact for any firms with operations or activities in the EU

SEC issues final rules relating to CCP governance and service outsourcing

17 November 2023 US
Reporter: SFT

The final rules, adopted yesterday, look to reinforce governance standards relating to board independence, CCP use of external service providers, and steps to reduce potential conflicts of interest relating to board members and senior management

UK regulators report back on AI and Machine Learning consultation

26 October 2023 UK
Reporter: Bob Currie

Feedback statement publishes anonymised summary of consultation responses reflecting on how AI may impact regulators’ ability to deliver prudential and conduct of business supervision in the UK financial sector

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