The Association for Financial Markets in Europe has advised negotiators at EU trilogues for the Markets in Financial Instruments Regulation review to consider the impact that MiFID could have on the attractiveness of Europe’s capital markets
The pilot builds on the existing MiFIR regulation to include tokenised financial instruments. This aims to bring pre- and post-trade transparency and market abuse monitoring to DLT-based securities
ICMA says the initiative will help to inform the current discussions among policy makers in the ongoing MiFIR review, and should help “pave the way for the inclusion of meaningful, well-calibrated” sovereign bond data in the EU bond consolidated tape
The authority has recommended ISO-standard digital token identifier codes for use in its distributed ledger technology pilot regulatory regime, which comes into force 23 March 2023
“More ambition” is needed in the European Council’s approach toward a properly constructed consolidated tape for real-time pre-trade as well as post-trade, says AFME
These guidelines provide templates for applications to operate any form of DLT market infrastructure under the DLT Pilot Regulation, including a DLT MTF, a DLT settlement system or a DLT trading and settlement system
Vincent has more than 30 years of experience in financial services, including more than 10 years’ experience working in regulatory reporting functions at Tier 1 banks
In the panel, ‘Let’s hear from the regulators’, current issues around regulation amid geopolitical crisis, the aftermath of a global pandemic, and Brexit were addressed
Simon Treacy, senior associate at Linklaters, highlights the challenge of navigating EU and UK financial regulation and discusses how technology can help chart a course to compliance
Nick Moss of MarketAxess discusses the advantage regulators have when assessing data quality and how the industry can adopt a similar approach
Brian Bollen talks to global bank Société Générale and post-trade vendor Torstone Technology about the latest updates on MiFIR, and why the journey toward its next review may still be a long one
Cappitech reviews the move to the ISO 20022 XML standards occurring within transaction reporting regulation
Qomply, a regulatory technology company that has processed billions of transaction reports for more than 50 investment firms, sits firmly on the front line as it assists clients with their EMIR reporting journeys. Jenna Lomax spoke to the company’s Michelle Zak to find out how the industry is responding
Michael Hall talks to Jenna Lomax about what Spectrum Markets can offer the retail trading space, how the relationship between digital and traditional assets will continue to change, and if crypto derivatives should be monitored as part of ESG policy
Once financial services firms are through this swathe of regulation, they can start again with a clean sheet, says Mark John of Pershing
Experts say DLT has the potential to open the floor to all kinds of innovations if it can become a regulatory and legally integral part of Germany’s business
