The Association for Financial Markets in Europe has shared its response to the European Commission’s consultation on the FiDA proposal, which seeks to open up access to financial data
As part of the new mandate, EDB has been selected to provide depositary services for 32 bank accounts for 14 special purpose vehicles
The report follows market structures between 2019 and 2022, placing a particular focus on the impact of Brexit and the UK’s “pivotal role” in equity markets
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
The European Banking Authority and the European Securities and Markets Authority have released a consultation paper on two draft joint guidelines under the Markets in Crypto-Assets regulation
In a letter to the Economic and Financial Affairs Council, ESMA has encouraged European member states to put preparations in place for the upcoming markets in crypto assets regulation
The proposals regard fees charged to Tier 1 third country central counterparties under the European Market Infrastructure Regulation
