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SWIFT approves KDPW ISO20022 buy-in message for CSDR
26 February 2021 Poland
Reporter: Drew Nicol

As the first buy-in messages ever to be registered, they set the reporting standard, developed from scratch in ISO20022, KDPW says

AFME: CSDR’s SDR mandatory buy-ins present ‘significant risk’ to Europe’s COVID recovery
12 February 2021 UK
Reporter: Becky Bellamy

“The periods of high volatility and low liquidity observed during COVID-19 crisis would have been further exacerbated by the existence of a mandatory buy-in regime,” AFME explains

ISLA: CSDR buy-ins may deter asset owners from lending
03 February 2021 UK
Reporter: Drew Nicol

To avoid damaging market liquidity and stability, the trade body suggests the CSDR settlement discipline regime should be split in two, with cash penalties going live in February and the buy-ins held pending a “in-depth assessment"

CSDR consultation: EACH calls for delays to settlement discipline regime
03 February 2021 Brussels
Reporter: Becky Bellamy

EACH explains that a delay to CSDR’s SDR would provide market infrastructures and other market participants sufficient time to implement and would also avoid unnecessary duplicative implementation costs

CSDR consultation is over, ICMA underscores need for mandatory buy-in reforms
02 February 2021 UK
Reporter: Drew Nicol

ICMA has presented a ‘waterfall’ of proposals for implementing the SDR, based on its members’ assessment of what it considers most optimal in terms of minimising disruption to Europe’s bonds markets while still attaining the objectives of CSDR

Brexit: UK sets out final SFTR, EMIR and MIFID II reporting rules
23 December 2020 UK
Reporter: Drew Nicol

The FCA has confirmed the final reporting rules post-Brexit but says it will not fine non-compliant firms that can show their homework

Deutsche Bank gains China domestic fund custody license
10 December 2020 China
Reporter: Maddie Saghir

Upon completing the relevant administrative process, Deutsche Bank China will be able to directly provide custody-related solutions to funds established in China

The final chance to fix CSDR’s settlement discipline regime is here
08 December 2020 Belgium
Reporter: Drew Nicol

Industry stakeholders have until 2 February 2021 to submit responses to the EC’s CSDR consultation, and face a tight timetable to make the changes in Q4 2021 before the settlement discipline regime’s February 2022 go-live date

Euroclear UK & Ireland gains CSDR licence from the Bank of England
08 December 2020 UK
Reporter: Maddie Saghir

This makes EUI the seventh and final CSD entity in the Euroclear Group to receive its licence

EC gives green light to Euroclear UK & Ireland for temporary equivalence extension
27 November 2020 UK and Ireland
Reporter: Maddie Saghir

EUI will be able to continue settling Irish-domiclied funds and securities up until the end of the new extension period of 30 June 2021

ESMA publishes first reports on CSDR implementation
11 November 2020 France
Reporter: Maddie Saghir

ESMA has published its first two reports on the implementation of CSDR

UK Government grants CSDR, EMIR and CCPs equivalence to EEA states post-Brexit
11 November 2020 UK
Reporter: Maddie Saghir

Rishi Sunak, chancellor of the exchequer, explained that CSDR will form part of UK law at the end of the transition period on 31 December 2020