News Centre

ESMA Reminds Users Of Scheduled It Operations At The End Of The Brexit Transition Period

Date 16/12/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes a reminder of the operations planned on its databases and systems at the end of the Brexit transition period on 31 December 2020.

LME Moves Ahead With Sustainability Strategy And LMEpassport Roll-Out

Date 16/12/2020

• Feedback analysis shows broad support for LME sustainability strategy
• Diverse views in respect of aluminium sustainability – requiring balanced approach, voluntary transparency and optional access
• LME confirms no plans to change current primary aluminium contract or to introduce a second low carbon aluminium contract
• LMEpassport discussion paper feedback shows strong support for new digital credentials register for metals
• LME will look to provide comparability between disclosures related to carbon footprint and recycled content in response to feedback
• New contracts supporting transition to low carbon economy to launch in 2021

EBA Consults On Technical Standards To Calculate Risk Weights Of Collective Investment Undertakings

Date 16/12/2020

The European Banking Authority (EBA) launched today a consultation on Regulatory Technical Standards (RTS) on the calculation of risk-weighted exposure amounts of collective investment undertakings (CIUs) in line with the Capital Requirements Regulation (CRR). The proposed draft RTS, which will contribute to the calculation of own funds requirements for the exposures in the form of units or shares in CIUs under the Standardised Approach for credit risk, clarify the regulatory treatment for missing inputs when the underlying risk of derivatives is unknown and for the computation of the exposure value for counterparty credit risk. The consultation runs until 16 March 2021.

New Realities In Wealth Management: Growth Amplifies Prior To The Storm - The Latest Aite Group Research Estimates Total Client Assets Have Reached US$29.1 Trillion At The End Of Q3 2020.

Date 16/12/2020

In 2019, many changes occurred in the U.S. wealth management industry across all four segments: wirehouses, self-clearing retail brokers, clearing and custody, and discount and online brokers. Both the self-clearing retail brokerages, and discount and online brokerages segments gained market share in 2019. Commission revenue continued to decline. Fee-based assets as a percentage of total U.S. client assets increased from 2018 to 2019. Further, despite the COVID-19 crisis, U.S. wealth management firms have performed well during the first three quarters of 2020. New Realities in Wealth Management: Growth Amplifies Prior to the Storm, a new Aite Group report, explores the changes in the U.S. wealth management industry that occurred in 2019.

EBA: Consultation On Draft RTS On The Calculation Of Risk-Weighted Exposure Amounts Of CIUs Under Article 132a(4) Of The CRR (EBA/CP/2020/25)

Date 16/12/2020

The European Banking Authority (EBA) launched today a consultation on Regulatory Technical Standards (RTS) on the calculation of risk-weighted exposure amounts of collective investment undertakings (CIUs) in line with the Capital Requirements Regulation (CRR). The proposed draft RTS, which will contribute to the calculation of own funds requirements for the exposures in the form of units or shares in CIUs under the Standardised Approach for credit risk, clarify the regulatory treatment for missing inputs when the underlying risk of derivatives is unknown and for the computation of the exposure value for counterparty credit risk. The consultation runs until 16 March 2021.

FreedomPay And Sightline Payments Partner To Create World’s First Cashless Ecosystem For Casinos, Resorts And Gaming Operators - Partnership Transforms End-To-End User Experience And Shifts Multiple Industries From Cash And Legacy Tech To Cutting-Edge, Fully Integrated Digital Platform

Date 16/12/2020

• Solution creates single player identity capable of delivering a connected and immersive guest experience
• Platform merges business intelligence and behavioral data to enrich the persona and more fully understand the patron and their behavior to drive long-term value and patron loyalty
• Play+ brand offers safe, secure and co-branded digital payments experience enabling financial transactions in a responsible way, whether on or off the gaming floor

Nasdaq’s Annual Global Compliance Survey 2020: Accelerating Surveillance Technology Demand From Financial Firms During COVID-19 - Investments In Data Quality And Monitoring To Take Priority In 2021 After Core Infrastructure Focus In 2020

Date 16/12/2020

Today Nasdaq (Nasdaq: NDAQ) launched its 6th annual Global Compliance Survey produced in collaboration with Greenwich Associates. The survey gathers qualitative and quantitative feedback from more than 200 compliance professionals and executives in the financial industry worldwide, representing sell- and buy-side firms and market infrastructure organizations. Unique to the latest edition of the Global Compliance Survey, respondents cite external global factors as the primary driver of compliance process changes, surpassing regulatory scrutiny as the top driver of compliance process changes, a shift believed to be prompted by the current COVID-19-pandemic.

BETTER FINANCE: Ensure A Level Playing Field For ELTIFs To Take Off

Date 16/12/2020

With merely 22 active funds, of which just a handful are marketed and distributed to individual, non-professional (“retail”) investors, the EU Long-Term Investment Funds (ELTIF) market is still struggling to develop more than five years after the adoption of its Regulation. The uptake of ELTIFs by investors is hampered by similar but more attractive domestic labels, a lack of public promotion, a shortage of “affluent” investors and more stringent investment rules compared to other funds of the same type.

ESMA Updates Guidelines On Stress Tests For Money Market Funds

Date 16/12/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is publishing the 2020 update of guidelines on MMF stress tests under the Money Market Funds Regulation (MMFR). The updates take account of MMFs recent experience during March 2020, particularly in relation to redemption scenarios.

Anticipating Brexit, The French Public Investment Bank, Bpifrance Relocates Clearing Business Into The EU - Bpifrance Successfully Switches Swap Book To Eurex Clearing

Date 16/12/2020

As the legal and regulatory framework for transactions processed or managed from UK territory will be impacted by Brexit, the French public investment bank Bpifrance has transferred its entire portfolio of derivatives, composed mainly of interest rate swaps, from London Clearing House LCH to EU27-based Eurex Clearing.