FSC chair Eun Sung-soo has confirmed the ban will not expire in March but will remain until 2 May, at which point short selling may resume on KOSPI 200 and KOSDAQ 150 stocks
To avoid damaging market liquidity and stability, the trade body suggests the CSDR settlement discipline regime should be split in two, with cash penalties going live in February and the buy-ins held pending a “in-depth assessment"
EACH explains that a delay to CSDR’s SDR would provide market infrastructures and other market participants sufficient time to implement and would also avoid unnecessary duplicative implementation costs
ICMA has presented a ‘waterfall’ of proposals for implementing the SDR, based on its members’ assessment of what it considers most optimal in terms of minimising disruption to Europe’s bonds markets while still attaining the objectives of CSDR
The revised Q&A addresses errors in event reporting, updates to records of outstanding reports by the counterparties and operational aspects of reporting by financial counterparties on behalf of small NFCs
The partners aim to save firms from FCA fines after 362 firms were found to have submitted errors and omissions in their MiFID II reports between January and the end of October last year.
The chair of the House Committee on Financial Services is launching a campaign to stop “private funds preying on the pension funds of hard-working Americans” in the wake of the GameStop short squeeze
Allison Herren Lee, acting chair of the SEC, says: “The EC’s decision is an important first step on the road to providing greater regulatory certainty for CCPs and their members on both sides of the Atlantic"
The FCA’s Edwin Schooling Latter says the success of this protocol means “a major reduction in risk faced by the 12,000 plus firms who have already signed, and for the system as a whole”
27 January 2021Switzerland Reporter: Natalie Turner
The Basel committee has proposed technical amendments to the calculation of minimum haircut floors for securities financing transactions to avoid common misunderstandings
“Already concerns have been raised around how these can be adopted and whether they should be the solution for EMIR standardisation,” explains Capco’s Stephen McPherson
As of December, the German private bank has paid €155 million to tax authorities but is putting its former service providers on notice that it does not plan to eat the loses alone
-part-1.jpg)
