While the introduction of cash penalties under the Central Securities Depositories Regulation has reduced settlement fails somewhat, particularly for equities, the report affirms that inefficiencies remain, prompting higher costs and increased risk
ESMA made the decision based on the inclusion of the United Arab Emirates on the high-risk third countries list included in the Commission Delegated Regulation
Electronic marketplace operator Tradeweb Markets and FTSE Russell, an LSEG business, have partnered to develop a new range of fixed income index pricing and index trading products
The board of directors of UBS Switzerland and Credit Suisse will be restructured from 1 November 2023. Roger von Mentlen has been appointed chairman for both boards
The platform is designed to support firms’ post-trade processing requirements including fails management, financial transaction taxes and Central Securities Depositories Regulation penalty management
The UPI, an International Organisation of Standardisation standard, has been developed to allow aggregation of OTC derivatives transactions reported to trade repositories
