ESMA has submitted to the European Parliament, the Council and the European Commission its second report on national rules governing the marketing of investment funds
Following their announcement in October, RBC Investor Services and CACEIS have confirmed completion of the deal through which the French headquartered bank will acquire RBC’s European asset servicing book of business and Malaysia operations centre
In a statement commenting on both proposals, James Kemp, managing director at the AFME, says: “FIDA and PSD3 could enable access to new, broader data sets to enhance the way banks operate and will encourage innovation across sectors
To adjust to the increasing digitalisation of the economy, the ECB is investigating the possibility of introducing a digital euro — leading to a stronger international role for the euro, according to the European Commission
The proposed law aims to reduce the financial and regulatory burden on central securities depositories and improve their ability to operate across borders, while also strengthening financial stability
In anticipation of next week’s trilogue negotiations, financial markets and asset and fund management associations have asked policy makers to work to avoid suboptimal outcomes for the Markets in Financial Instruments Directive
A recent whitepaper from Northern Trust and Coalition Greenwich has found that 84 per cent of asset managers expect to see organic growth in spite of industry challenges
Restoring price stability as inflation subsides will pose a significant challenge for central banks, the Bank for International Settlements says in its 2023 Annual Economic Report
LCH Group has exercised its right to buy back Euronext’s holding in LCH SA following the early termination of the derivatives clearing arrangement between Euronext and the Paris-based clearing house with Euronext’s purchase of CC&G
