Regulation

These policy mandates aim to ensure a consistent legal framework for companies dealing with cyber-attacks or threats to their ICT-related processes

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

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

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

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

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

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