European Securities and Markets Authority

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.

Cybersecurity

EU Regulators Warn of Cyber Risk, Credit Losses, Market Exuberance

By Sanday Chongo Kabange | 12/09/2021

The EBA, ESMA and EIOPA warn of increasingly sophisticated cyber-attacks, deteriorating credit quality, and possible exuberance in markets.

Structural Regulation

Japan, UK Regulators Exchange Letters on CRA Supervision

By Editors | 11/08/2021

The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.

Market Data & Technology

ISDA, ICMA, ISLA Sign MoU on Common Domain Model

By Editors | 02/08/2021

The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.

Trading & Investment

ESMA Outlines Disclosure Expectations for SPACs

By Sanday Chongo Kabange | 18/07/2021

The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.

Structural Regulation

EU Regulators Urge Participants to Stop Using LIBOR

By Sanday Chongo Kabange | 05/07/2021

Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.

Structural Regulation

Regulatory Harmonisation Critical to OTC Derivatives Reporting

By Priya Kundamal | 11/06/2021

The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.

Trading & Investment

ESMA Recommends Lower Short Position Reporting Threshold

By Editors | 24/05/2021

ESMA says a “substantial amount” of essential information became available to NCAs after the notification threshold was lowered to 0.1% last year.

Structural Regulation

Working Group Publishes Recommendations on EURIBOR Fallbacks

By Editors | 13/05/2021

Although EURIBOR is not scheduled to be discontinued, the recommendations will provide legal certainty and help users comply with BMR fallback obligations.