eSecLending rides the asset safety wave

Segregation of assets in accounts that bear the name of the owner is one of the unstoppable regulatory and commercial trends of our time. While custodian banks have invested considerable resources in the development of ingenious arguments against segregation, one third party lender is pleasantly surprised to find concerns about asset safety are increasing the attractions of its business model.

Posted on: 28 Jan, 2016
Posted in: Feature

Regulatory Reporting, Risk Mitigation, Central Clearing and Collateral management: Are you ready?

Regulation including MiFID II, MiFIR and EMIR, with its introduction of mandatory central counterparty clearing and derivative reporting, all present challenges for financial institutions.

Posted on: 10 Sep, 2015
Posted in: Regulation

Safekeeping Questions

09 Jun, 2015

The £126 million fine levied by the UK Financial Conduct Authority (FCA) on BNY Mellon in April for breaches of the rules on the safekeeping of client assets was the latest in a series of similar sanctions.

CCP Battle Drags On

The prolonged transatlantic battle over the mutual recognition of central counterparty clearing houses (CCPs) reflects deep differences over the costs of resolving a failing C

Posted on: 09 Jun, 2015
Posted in: Regulation

Skin in the game at CCPs

The announcement by Intercontinental Exchange (ICE) that it is to infuse a chunk of its own capital into some of its default funds across the world is welcome news as a growing percentage of the notional $700 trillion over-the-counter (OTC) derivatives market is pushed onto centralised clearing houses (CCPs) as mandated under the Dodd-Frank Act in the US and the European Market Infrastructure Regulation (EMIR).

Posted on: 19 Mar, 2015
Posted in: Feature

Possessing collateral for mandatory clearing - are the buy-side prepared?

Rob Scott, Head of Custody & Collateral Solutions at Commerzbank, speaks to COOConnect about the preparedness of the buy-side for mandatory clearing in terms of possessing collateral, the improvements that need to be made, and whether there will be a collateral shortfall when EMIR takes effect. Rob also summarises the conclusions drawn during his panel discussion on 'how can the investor enter new markets and what question should you ask of your custodian?' at the 2014 Global Custody Forum in London.

Posted on: 17 Dec, 2014
Posted in: Video Features

European regulators advise CCPs to review their TLAC processes

The European Commission and other global regulators are assessing the options by which to deal with the failure of a central counterparty clearing house (CCP).

Posted on: 04 Dec, 2014
Posted in: Operational Risk

EC urges industry solution on UTI challenges

The European Commission has said the financial industry - as opposed to regulatory bodies – is better placed to reach an agreement over which counterparty develops the Unique Trade Identifiers (UTI), the alphanumerical code designed to enable trad

Posted on: 01 Dec, 2014
Posted in: Regulation

Uncertainty over scope of SFT reporting

There is still uncertainty about the scope and nature of the reporting requirements likely to be expected under the recently proposed Securities Financing Transaction Regulation in the European Union (EU).

Posted on: 03 Nov, 2014
Posted in: Regulation

Asset owners taking holistic approach to collateral management

Asset owners are increasingly taking a holistic approach to their collateral management processes as a result of their growing retreat from securities lending coupled with the migration of over-the-counter (OTC) derivatives instruments into centra

Posted on: 29 Oct, 2014
Posted in: Investors


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