News Centre

DTCC Launches Pilot Program For New Insurance Information Exchange (IIEX) Platform - IIEX To Transform The Way Clients Consume And Leverage Insurance Data

Date 23/11/2020

The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced a client pilot program for its new Insurance Information Exchange (IIEX) service, a transformative new platform that will help clients turn massive quantities of insurance data and information across 15.6 million policy records into actionable insights. The pilot program is backed by a consortium of industry-leading insurance carriers and distribution partners who are collaborating with DTCC on the development of the service.

SIFMA Issues Whitepaper On Digital Security Tokens

Date 23/11/2020

SIFMA today issued a whitepaper titled “Security Tokens: Current Regulatory and Operational Considerations for Broker-Dealers and a Look Towards the Future.” The paper, which was co-authored by SIFMA and PricewaterhouseCoopers LLP, provides a foundational understanding of how distributed ledger technology (DLT) and digital assets such as security tokens interplay with the current securities market. It also describes the key operational challenges faced by U.S. broker-dealers hoping to adopt this technology and recommends where regulatory clarity would be helpful in addressing these challenges. SIFMA developed the whitepaper in collaboration with its member working groups, and determined and identified the activities, requirements, and considerations for market participants engaging in operationalizing security tokens.

Ontario Securities Commission Publishes Updated Service Standards

Date 23/11/2020

The Ontario Securities Commission (OSC) today published an updated Service Commitment, which provides investors, registrants and market participants with added transparency on the standards and timelines they can expect when interacting with the OSC.  

The 22nd Latibex Forum Starts Tomorrow

Date 23/11/2020

• Held in virtual format
• Over 120 European investors and 60 listed companies will participate in the main event about investing in Latin America
• The meeting will feature panels and conferences on sustainable development and green energy, innovation, investment opportunities and technological disruption

Market Commentary On Cryptocurrencies By Paolo Ardoino, CTO, Bitfinex

Date 23/11/2020

Commenting on today's cryptocurrency markets, Paolo Ardoino, CTO at Bitfinex said:

ESAs Propose To Adapt The EMIR Implementation Timelines For Intragroup Transactions, Equity Options And Novations To EU Counterparties

Date 23/11/2020

The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), the European Supervisory Authorities (ESAs), have today published a final report with draft regulatory technical standards (RTS) proposing to amend the Commission Delegated Regulation on the risk mitigation techniques for OTC derivatives not cleared by a CCP (bilateral margin requirements) under the European Market Infrastructure Regulation (EMIR).

BIS: Housing Booms, Reallocation And Productivity

Date 23/11/2020

Summary

Focus

Understanding the effects of house price booms on firm behaviour and the aggregate economy is a key concern for policy makers. On the one hand, rising real estate values relax firms' financial constraints, which could lead to economic expansion and higher efficiency. However, recent studies show that house price booms can depress productivity. So far, we lack empirical evidence on the channels through which house prices affect aggregate productivity.

The EBA Calls On The European Commission To Harmonise The Significant Risk Transfer Assessment In Securitisation

Date 23/11/2020

The European Banking Authority (EBA) publishes today a Report on significant risk transfer (SRT) in securitisation transactions, which includes a set of detailed recommendations to the European Commission on the harmonisation of practices and processes applicable to the SRT assessment. The EBA proposals aim to enhance the efficiency, consistency and predictability of the supervisory SRT assessment within the current securitisation framework.

Building Trust In Sustainable Investments - Speech By Richard Monks, UK FSA Director Of Strategy At SRI Services And Partners ‘Good Money Week’ Panel Discussion

Date 23/11/2020

Highlights

• Sustainability factors are increasingly influencing consumer decision-making. Consumers should be able to trust the products they are offered and rely on them to perform as they expect. 
• We are undertaking a number of initiatives that will help to address the concerns we’ve identified, including domestic and international work on issuers’ disclosures and ongoing work with Government on implementation of EU regulations.
• We have started to think about some principles that could help to guide the assessment of applications to authorise sustainable investment products.

ESMA Publishes Translations For Guidelines On Enforcement Of Financial Information

Date 23/11/2020

The European Securities and Markets Authority (ESMA) has issued today the official translations of its guidelines on enforcement of financial information​.