European Securities and Markets Authority

    Market Risk

    Risks Were Visible in EMIR Data Prior to Archegos Collapse: ESMA

    By Manesh Samtani | 19/05/2022

    ESMA found that reported trade activity data could be used to track the evolution of Archegos’ positions in individual stocks and analyse the mark-to-market value of its portfolio of swaps.

    Trading & Investment

    ASIC to Issue Derivatives Reporting Consultation Soon

    By Manesh Samtani | 11/05/2022

    ASIC’s Alex Orgaz-Barnier says APAC regulators are targeting a common implementation date and alignment to the greatest extent possible.

    Structural Regulation

    EU Banks Seek Easing of Proposed Rules for Third Country Banks

    By Editors | 07/04/2022

    Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.

    Clearing & Post-Trade

    Japan, EU Enhance Framework on Regulatory Cooperation

    By Mark Johnston | 02/04/2022

    The adoption of the regulatory cooperation framework follows the signing of an amended MoC by Japan’s FSA and ESMA.

    Clearing & Post-Trade

    European Commission Proposes Enhancements to CSDR

    By Editors | 19/03/2022

    The proposal seeks to provide more proportionate and effective rules for CSDs, while also facilitating their ability to offer cross-border services.

    Climate Risk

    ESMA Consults on Climate Risk Stress Testing Approach for CCPs

    By Sanday Chongo Kabange | 02/03/2022

    ESMA has identified four elements of climate risk that may adversely impact CCPs – physical risk, rapid transition risk, business risk, and collateral replacement risk.

    Structural Regulation

    ESMA Launches New Register for Simple Securitisations

    By Editors | 07/02/2022

    The new register provides originators and sponsors an enhanced notification system and assists investors in performing due diligence.

    ESG Data

    SEBI Proposes Regulatory Framework for ESG Rating Providers

    By Sanday Chongo Kabange | 27/01/2022

    SEBI says reliance on unregulated ESG rating providers poses risks to investors, transparency and the efficiency of securities markets.

    Supervision & Enforcement

    European Commission Proposes to Strengthen Supervisory Bodies

    By Editors | 29/11/2021

    In the aftermath of the Wirecard scandal, German regulator BaFin was accused of being beholden to banking industry lobbyists and the finance ministry.

    Clearing & Post-Trade

    EU Lawmakers Agree to Defer Mandatory Buy-in Rules

    By Manesh Samtani | 29/11/2021

    A decision to postpone implementation of the mandatory buy-in rules under the CSDR settlement discipline regime has been agreed.

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