All regulation news

Faster settlement for international securities

20 May 2014 Brussels
Reporter: Stephen Durham

A number of operators of European securities markets have announced that they will implement the migration to T+1 from T+2 for repo transactions and to T+2 from T+3 for cash transactions...

SEC staff acquiesce to rebate rate plea

14 April 2014 New York
Reporter: Georgina Lavers

In a February 2014 letter, SEC staff granted relief requested by Nuveen Advisors for its lending agent, U.S. Bank National Association, to negotiate rebate rates...

Don't tighten reins on collateral, warns ICMA

03 April 2014 Brussels
Reporter: Georgina Lavers

ICMA’s European Repo Council has called for regulators to consider the impact of financial regulation on the movement of collateral, highlighting the potential systemic risks of inhibiting collateral fluidity...

ICMA publish repo bible

05 March 2014 London
Reporter: Stephen Durham

ICMA’s European Repo Council (ERC) has launched its updated guide to best practice in the European repo market, which gives practical guidelines for traders and legislators alike...

SEC hits Credit Suisse for almost $200 million

24 February 2014 Washington DC
Reporter: Mark Dugdale

Credit Suisse has agreed to pay $196 million after admitting that it broke US securities laws when it provided cross-border brokerage and investment advisory services without registering with the Securities and Exchange Commission...

ISLA welcomes ESMA's easing on collateral

20 February 2014 London
Reporter: Georgina Lavers

ESMA’s proposal to ease up on certain collateral diversification rules contained in its guidelines for ETFs and other UCITS has been met with open arms by the International Securities Lending Association...

Financial Transaction Tax must respect EU treaties

17 February 2014 London
Reporter: Georgina Lavers

On 18 February, the Economic and Financial Affairs Council will discuss the proposal for an EU11 Financial Transaction Tax (FTT)...

EU's rejection of UK shorting appeal is "skeletal"

13 February 2014 London
Reporter: Georgina Lavers

The EU court’s decision to reject Britain’s appeal over short selling is skeletal and in parts opaque, but there is no avenue of appeal, said lawyers from Mayer Brown...

ESMA bulldozes over British pleas on short selling

23 January 2014 Brussels
Reporter: Georgina Lavers

The UK government’s efforts to curb the power of EU financial watchdogs were in vain, after it was ruled that Brussels has the power to ban short selling...

GSF: hair-cutting remarks

22 January 2014 Luxembourg
Reporter: Georgina Lavers

Bilateral business is attracting repo participants because central counterparty (CCP) haircut policies are too onerous, said a panel of experts at the 18th Global Securities Finance Summit in Luxembourg...

Question of Volcker Rule foreign coverage answered

20 January 2014 New York
Reporter: Georgina Lavers

Frank Mayer, Timothy McTaggart and Jonathan Levin of law firm Pepper Hamilton LLP have asserted that “location, location, location” is the most important aspect of the Volcker Rule’s requirements on foreign banking entities...

Anticipated €50bn cash-flow drag from FTT

15 January 2014 London
Reporter: Georgina Lavers

There will be an estimated an annual cash-flow drag of €30–50 billion resulting from the Financial Transaction Tax, suggested a report...

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