All industry news

ESMA publishes second overview of national rules governing fund marketing

04 July 2023 France
Reporter: Klea Neza

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

WFE launches new market infrastructure qualification

04 July 2023 UK
Reporter: Lucy Carter

The World Federation for Exchanges has opened registration for its new qualification, the Market Infrastructure Certificate

CACEIS finalises purchase of RBC European asset servicing business

03 July 2023 EU
Reporter: Bob Currie

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

AFME releases comment on European Commission’s proposal to introduce FIDA and update PSD2

30 June 2023 UK
Reporter: Jenna Lomax

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

EFAMA panel: Mandatory active accounts for EU clearing could increase systematic risk

30 June 2023 Belgium
Reporter: Klea Neza

Some buy-side experts concerned that mandatory active accounts for EU clearing could increase systematic risk

European Commission sets out framework for digital euro

28 June 2023 Europe
Reporter: Carmella Haswell

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

AFME backs EU Council and European Parliament’s provisional CSDR agreement

27 June 2023 Europe
Reporter: Jenna Lomax

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

EU trade associations release statement in anticipation of MiFID/R review

27 June 2023 UK
Reporter: Lucy Carter

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

Asset managers expect organic growth, Northern Trust whitepaper reports

27 June 2023 US
Reporter: Lucy Carter

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

Interest rates may remain high for longer than expected, BIS Annual Economic Report says

26 June 2023 Switzerland
Reporter: Lucy Carter

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

Euronext confirms sale of its stake in LCH SA

26 June 2023 EU
Reporter: Bob Currie

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

ANNA appoints new chair and board director

22 June 2023 Belgium
Reporter: Buster Guy

ANNA is an organisation focused on the maintenance of capital markets through International Organisation for Standardisation standards

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